Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8200.

lightfoot

legendary

Activity: 3220

Merit: 2334

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

Quote from: Elwar on March 10, 2020, 12:53:30 PM

You know...the plastic bag ban is only against the grocery stores...

You can bring your own.
https://www.amazon.com/TashiBox-Thank-Bags-Reusable-Grocery/dp/B01GNWA6JI/ref=sr_1_24?keywords=plastic+bags+roll&qid=1583862691&sr=8-24

Not sure why he's so pro-plastic bag: If the $5 an hour flunkie who has no paid sick time sneezes on his stack of bags then everyone is going to die! Much better to bring your own and limit the spread.

Maybe he thinks you can put the bag over your head and kill yourself. That could limit the spread of the virus.

goldkingcoiner

legendary

Activity: 2282

Merit: 2057

A Bitcoiner chooses. A slave obeys.

Quote from: lightfoot on March 10, 2020, 12:48:08 PM

Quote from: goldkingcoiner on March 10, 2020, 12:21:44 PM

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

Um. no. If miners quit the difficulty adjusts downward and the supply stays exactly the same: 12.5 bitcoins (or 6.25) every 10 minutes.

The security of the network goes down but at this point it would go from "Even God can't reverse a transaction over 1 confirmation" to "wait two confirmations if you believe in God that much"

I already corrected myself.

John Abraham

hero member

Activity: 518

Merit: 547

Quote from: Elwar on March 10, 2020, 12:53:30 PM

Quote from: soxxx on March 10, 2020, 12:47:36 PM

Quote from: Last of the V8s on March 10, 2020, 11:36:33 AM

https://www.timesunion.com/news/article/National-Guard-in-New-Rochelle-to-assist-15119388.php

Cuomos the same guy who banned plastic bags.....well plastic bags would be a HECK OF A LOT better than reusable bags right now.

You know...the plastic bag ban is only against the grocery stores...

You can bring your own.
https://www.amazon.com/TashiBox-Thank-Bags-Reusable-Grocery/dp/B01GNWA6JI/ref=sr_1_24?keywords=plastic+bags+roll&qid=1583862691&sr=8-24

I WILL sell Jute bag looking like plastic bag for BTC.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: soxxx on March 10, 2020, 12:47:36 PM

Quote from: Last of the V8s on March 10, 2020, 11:36:33 AM

https://www.timesunion.com/news/article/National-Guard-in-New-Rochelle-to-assist-15119388.php

Cuomos the same guy who banned plastic bags.....well plastic bags would be a HECK OF A LOT better than reusable bags right now.

You know...the plastic bag ban is only against the grocery stores...

You can bring your own.
https://www.amazon.com/TashiBox-Thank-Bags-Reusable-Grocery/dp/B01GNWA6JI/ref=sr_1_24?keywords=plastic+bags+roll&qid=1583862691&sr=8-24

John Abraham

hero member

Activity: 518

Merit: 547

Finally, the memes now going to be true?
https://www.forbes.com/sites/rogerhuang/2020/03/09/who-encourages-use-of-digital-payments-due-to-covid-19

lightfoot

legendary

Activity: 3220

Merit: 2334

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

Quote from: goldkingcoiner on March 10, 2020, 12:21:44 PM

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

Um. no. If miners quit the difficulty adjusts downward and the supply stays exactly the same: 12.5 bitcoins (or 6.25) every 10 minutes.

The security of the network goes down but at this point it would go from "Even God can't reverse a transaction over 1 confirmation" to "wait two confirmations if you believe in God that much"

soxxx

member

Activity: 256

Merit: 62

Quote from: Last of the V8s on March 10, 2020, 11:36:33 AM

https://www.timesunion.com/news/article/National-Guard-in-New-Rochelle-to-assist-15119388.php

Cuomos the same guy who banned plastic bags.....well plastic bags would be a HECK OF A LOT better than reusable bags right now.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

https://twitter.com/MarkJHandley

This is definitely not looking good, and as I hear the European Football Championship this summer is in big question, there is a possibility of postponement for the next year.

LUCKMCFLY

legendary

Activity: 2632

Merit: 1883

Leading Crypto Sports Betting & Casino Platform

Another update of BitcoinCharts ....

Quote

#bitcoin halving candles - less than 2 months to go

Source: https://twitter.com/ChartsBtc/status/1237384025137799168

VB1001

legendary

Activity: 938

Merit: 2540

<>

https://www.worldometers.info/coronavirus/
https://imgur.com/gallery/sMjTheN

xhomerx10, soon we will change the hats for masks...

StrongHats

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

There are always plenty of miners. Hashrate goes ever up. The worries about mining death spiral are just that - worries, and they never turn out real.

John Abraham

hero member

Activity: 518

Merit: 547

Quote from: goldkingcoiner on March 10, 2020, 12:36:15 PM

Quote from: John Abraham on March 10, 2020, 12:32:32 PM

Quote from: goldkingcoiner on March 10, 2020, 12:21:44 PM

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

I really hope you are kidding or I'm misisng something.
Wouldn't decrease in miners destroy the coin eventually? I would be more pleasant to see more miners than BTC get $100000

Obviously not ALL miners. we need some miners for transactions.

Then it would be easy to manipulate the network by a group of people or a company with big investment which is quite impossible now.

goldkingcoiner

legendary

Activity: 2282

Merit: 2057

A Bitcoiner chooses. A slave obeys.

Quote from: John Abraham on March 10, 2020, 12:32:32 PM

Quote from: goldkingcoiner on March 10, 2020, 12:21:44 PM

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

I really hope you are kidding or I'm misisng something.
Wouldn't decrease in miners destroy the coin eventually? I would be more pleasant to see more miners than BTC get $100000

~~Obviously not ALL miners. we need some miners for transactions.~~ Actually no, I am just talking BS. Difficulty would fall, making my theory nonsense. Sorry. Carry on.

John Abraham

hero member

Activity: 518

Merit: 547

Quote from: goldkingcoiner on March 10, 2020, 12:21:44 PM

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

I really hope you are kidding or I'm misisng something.
Wouldn't decrease in miners destroy the coin eventually? I would be more pleasant to see more miners than BTC get $100000

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Trump's got about 5 minutes left. The National Guard's been called out to New Rochelle. All round there is where the Wall Street bigwigs have their residences. The virus has hit Wall Street and the market correction is gonna be yuuge. Our coin's gonna leap up too.

goldkingcoiner

legendary

Activity: 2282

Merit: 2057

A Bitcoiner chooses. A slave obeys.

Quote from: xhomerx10 on March 10, 2020, 12:12:09 PM

Quote from: goldkingcoiner on March 10, 2020, 11:59:32 AM

Quote from: El duderino_ on March 10, 2020, 10:13:14 AM

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

So what are people doing? Sitting at home eating toilet paper? I am thinking of getting one of those unbelievably cheap flights to Italy. 25 21 Euros. I might as well fly over to buy fancy Italian toilet paper.

Eating toilet paper would be more advisable than watching "A Rainy Day in New York".

bad?

Quote from: lightfoot on March 10, 2020, 12:15:53 PM

Quote from: Elwar on March 10, 2020, 11:32:00 AM

People keep telling me the halving is priced in.

But obviously the miners are living paycheck to paycheck like the rest of the world. They sell as soon as they get bitcoin.

People can pay wholesale prices for bitcoin right now.

At the halving, that wholesale cost will be the same but the miners reward will be cut in half.

One article I read said that 25% of all bitcoins sent to the exchanges are from miners to sell. That amount will soon be cut to 12%. A lot less people selling on a regular basis.

Well, it's pretty simple to figure out. Miners cost money that is amortized over say 12 months. So every month they have to cash in 1/12th of the miner cost plus interest.
Warehouse space is cheap but not zero. And unless they use slaves to tend the miner there are a few of those as well.
Electricity has to cost something. Unless they are stealing power (not going to work for a mine) there have to be costs there.

So either miners close shop after the halving or price goes up. We could lose 50% of the miners and still have insanely high difficulty. We'll see where it goes.

The more miners we lose, the better. Supply and demand takes over 100% and we see a dramatic rise in price.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Ibian on March 09, 2020, 10:50:45 PM

2 is not enough. It takes more than that just for the species to survive. And the older she is the dumber and sicker the kid will be.

You aren't accounting for increases in life expectancy, or the fact that rejuvenation is slowly being treated very seriously.

lightfoot

legendary

Activity: 3220

Merit: 2334

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

Quote from: Elwar on March 10, 2020, 11:32:00 AM

People keep telling me the halving is priced in.

But obviously the miners are living paycheck to paycheck like the rest of the world. They sell as soon as they get bitcoin.

People can pay wholesale prices for bitcoin right now.

At the halving, that wholesale cost will be the same but the miners reward will be cut in half.

One article I read said that 25% of all bitcoins sent to the exchanges are from miners to sell. That amount will soon be cut to 12%. A lot less people selling on a regular basis.

Well, it's pretty simple to figure out. Miners cost money that is amortized over say 12 months. So every month they have to cash in 1/12th of the miner cost plus interest.
Warehouse space is cheap but not zero. And unless they use slaves to tend the miner there are a few of those as well.
Electricity has to cost something. Unless they are stealing power (not going to work for a mine) there have to be costs there.

So either miners close shop after the halving or price goes up. We could lose 50% of the miners and still have insanely high difficulty. We'll see where it goes.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

ah yes yes, "2x per year" support line still works nicely.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: goldkingcoiner on March 10, 2020, 11:59:32 AM

Quote from: El duderino_ on March 10, 2020, 10:13:14 AM

@holland guys, all big events cancelled and schools closing in Brabant.... my friend says news keeps coming in

So what are people doing? Sitting at home eating toilet paper? I am thinking of getting one of those unbelievably cheap flights to Italy. 25 21 Euros. I might as well fly over to buy fancy Italian toilet paper.

Eating toilet paper would be more advisable than watching "A Rainy Day in New York".

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 8200. (Read 26710757 times)