But first lets pass the slaughterhouse....
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 86. (Read 26461233 times)
August 20, 2024, 08:52:52 PM
But first lets pass the slaughterhouse....
August 20, 2024, 08:01:18 PM
August 20, 2024, 07:19:46 PM
To further argue the point. If all mining of gold stops. Gold will become more valuable as it will become rare.
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
So yeah mining does affect and control btc much more than it does gold or silver or precious material.
Not so much oil which needs continued mining to exsist.
In a way oil is a better model than gold for btc but the reality is neither oil or gold model the way btc does when it comes to the mining of it.
its why traditional supply and demand is not exactly correct to say that is controls btc price.
btc mining can directly influence supply across the board.. in and it can directly influence demand.
gold mining can only partially influence supply.
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
So yeah mining does affect and control btc much more than it does gold or silver or precious material.
Not so much oil which needs continued mining to exsist.
In a way oil is a better model than gold for btc but the reality is neither oil or gold model the way btc does when it comes to the mining of it.
its why traditional supply and demand is not exactly correct to say that is controls btc price.
btc mining can directly influence supply across the board.. in and it can directly influence demand.
gold mining can only partially influence supply.
Imagine the mining fees to the one who keeps his rig running long enough though!
August 20, 2024, 07:01:14 PM
August 20, 2024, 06:17:54 PM
Summer ends next month means 4 weeks+ of depressing bear market.
October is almost always a mega green dildo.
Let's hope for it.
I turn my candles orange and purple. For that Spooktober feeling.
August 20, 2024, 06:01:15 PM
August 20, 2024, 05:01:17 PM
August 20, 2024, 04:01:15 PM
August 20, 2024, 03:44:58 PM
Summer ends next month means 4 weeks+ of depressing bear market.
August 20, 2024, 03:18:40 PM
August 20, 2024, 03:01:15 PM
August 20, 2024, 02:45:29 PM
Whatever, it cool though. We've been through this before.
August 20, 2024, 02:40:37 PM
About having rich problems, a billionaire just died (along with others including his 18yo daughter) in the freak sinking of a superyacht.
Last year there was also the one (also with his 18yo kid) who died in a dodgy submarine...
I've done plenty of sailing and never came close to dying, oh well.
Last year there was also the one (also with his 18yo kid) who died in a dodgy submarine...
I've done plenty of sailing and never came close to dying, oh well.
The billionaire was involved in many fraud cases and his partner died suspiciously just a couple weeks ago. Clearly this was not a boating accident, nor did he die as a result of sinking. He was very clearly murdered along with his business partner, but I don’t expect we’ll see any arrests anytime soon. It’s dangerous being rich.
August 20, 2024, 02:01:18 PM
August 20, 2024, 01:39:26 PM
[...]
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
[...]
and if all mining of btc stops btc becomes frozen in the address it is in. unable to move digital across nations.
[...]
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 dont see mining activity reducing to zero is ever a threat. I'll go back to mining if really needed its only that others came in with bigger machines that saw off the little people. We can always revert if need be, my elec is often free surplus and around the world at some times of day that is generally true. So many have both the hardware, software, connections all of that has become more capable, available cheaper in the last decade then also free elec; someone will always do the mining even if it was at a small price or profit.
Alot of people started off on SETI unit work as I remember, we got nothing just a snazzy screensaver for our troubles
44 years of active use is massively impressive
August 20, 2024, 01:01:14 PM
August 20, 2024, 12:47:04 PM
August 20, 2024, 12:03:04 PM
But I have had plenty of beef steak 🥩.
I really want to have some bear 🐻 steak 🥩.
I really want to have some bear 🐻 steak 🥩.
August 20, 2024, 12:01:15 PM
August 20, 2024, 11:49:13 AM
@quintenfrancois
Germany selling done✅
GBTC sold nothing yesterday✅
Global Liquidity is about to explode again
FTX creditors soon recieving $16 billion in cash from which a lot will flow into $BTC
#Bitcoin supply on exchanges are historically low
Institutions are stacking more than the 450 $BTC mined per day
Boring summer months are almost over
The bullrun is about to start 💥
https://x.com/quintenfrancois/status/1825807790109036671
Do something, Bitcoin……
Germany selling done✅
GBTC sold nothing yesterday✅
Global Liquidity is about to explode again
FTX creditors soon recieving $16 billion in cash from which a lot will flow into $BTC
#Bitcoin supply on exchanges are historically low
Institutions are stacking more than the 450 $BTC mined per day
Boring summer months are almost over
The bullrun is about to start 💥
https://x.com/quintenfrancois/status/1825807790109036671
Do something, Bitcoin……
But first lets pass the slaughterhouse....
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