Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9622.

realr0ach

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Quote from: fillippone on August 06, 2019, 07:15:23 AM

False.
With the power consumption of IDLE devices on the US only , you could power the bitcoin mining industry for 3.6 years

All you're doing is plagiarizing Gavin's dumb idea now. Nobody is going to CONSTANTLY change out ASICs in coffee makers and other bullshit every 3 months. Please come up with better bullshit next time. It's not like that would even eliminate idle 'waste' power in the first place. It would only add even more power usage and be culmulative WITH the idle power waste. So there would be no point doing it. You would need to be a dedicated, full-scale miner, or not a miner at all.

fillippone

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Quote from: realr0ach on August 06, 2019, 07:09:38 AM

Quote from: _javi_ on August 06, 2019, 07:05:18 AM

Quote from: realr0ach on August 06, 2019, 06:52:57 AM

...$600k with a cost of production of $6k post-halving. ...

How do you know future mining difficult to infere cost of production? Maybe you dont know what is it or how does it work.. No surprise, coming from a gold bug

Because it already uses an enormous amount of power and it's not even really possible for mining to go up like 10x anymore or it would probably use more power than the entire United States. It's a finite planet. Do bit-tards really believe mining can expand infinitely or that it would be shocking for Bitcoin to reach peak mining an entire 10 years after release? And don't even try the lame "hurrr Bitcoin is powered by 70% renewable energy" lie. That's due to mining centralizing around two ghost city hydro power dams in China, and China does not have infinite ghost city dams to expand to.

False.
With the power consumption of IDLE devices on the US only , you could power the bitcoin mining industry for 3.6 years

Source: https://insight.jbs.cam.ac.uk/2019/cambridge-bitcoin-electricity-consumption-index-cbeci/

This is a fact, not a mexican scammer bitcoin shilling statement.

It's plenty of energy out there.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Shitty mobile phone chart

realr0ach

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Quote from: _javi_ on August 06, 2019, 07:05:18 AM

Quote from: realr0ach on August 06, 2019, 06:52:57 AM

...$600k with a cost of production of $6k post-halving. ...

How do you know future mining difficult to infere cost of production? Maybe you dont know what is it or how does it work.. No surprise, coming from a gold bug

Because it already uses an enormous amount of power and it's not even really possible for mining to go up like 10x anymore or it would probably use more power than the entire United States. It's a finite planet. Do bit-tards really believe mining can expand infinitely or that it would be shocking for Bitcoin to reach peak mining an entire 10 years after release?

And don't even try the lame "hurrr Bitcoin is powered by 70% renewable energy" lie. That's due to mining centralizing around two ghost city hydro power dams in China, and China does not have infinite ghost city dams to expand to. Cost of production post halving will either be $6k-ish, a negligible amount more, or possibly a large amount less if miners are forced to drop out. It's not possible to artificially rig Bitcoin to any of these astronomical numbers people claim if you can just mine a coin for $6k or less instead.

mindrust

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What do tradingview gurus call this? Wedge? Looks like I found one. I became a TradingView pleb too.

_javi_

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Still a manic miner

Quote from: realr0ach on August 06, 2019, 06:52:57 AM

...$600k with a cost of production of $6k post-halving. ...

How do you know future mining difficult to infere cost of production? Maybe you dont know what is it or how does it work.. No surprise, coming from a gold bug

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Quote from: _javi_ on August 06, 2019, 06:59:52 AM

Quote from: MERlT on August 06, 2019, 05:59:26 AM

Quote from: mindrust on August 06, 2019, 05:48:56 AM

Fuck.

Right after I bought $100 worth of btc from $12300 it started to go down.

Observing $11680.

$1000 incoming. Grin

Just Bitmex Exchange and their shorting games..... never use this exchange it is GOV owned.

Blame Arthur Hayes and his leveraged gambling games.

Bitmex causes most of the "Bart" patterns, with its chained long & short liquidations.

Can’t be arsed looking but I am sure Barts were around before Mex existed

realr0ach

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Quote from: fillippone on August 06, 2019, 06:58:49 AM

~~Today I made 2 posts on WO and twice triggered a certain user.~~ I am a Mexican posting lies on the Bitcoin forum in hopes of becoming slum dog millionaire.

Fixed

BitcoinGirl.Club

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Activity: 2800

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Farewell LEO: o_e_l_e_o

r0ach deserved it although for centuries was a r0achey statement 🤪

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

Quote from: MERlT on August 06, 2019, 05:59:26 AM

Quote from: mindrust on August 06, 2019, 05:48:56 AM

Fuck.

Right after I bought $100 worth of btc from $12300 it started to go down.

Observing $11680.

$1000 incoming. Grin

Just Bitmex Exchange and their shorting games..... never use this exchange it is GOV owned.

Blame Arthur Hayes and his leveraged gambling games.

Bitmex causes most of the "Bart" patterns, with its chained long & short liquidations.

fillippone

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Activity: 2380

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Fully fledged Merit Cycler - Golden Feather 22-23

Today I made 2 posts on WO and twice triggered a certain user.
I am doing a good job!

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: HairyMaclairy on August 06, 2019, 06:57:02 AM

Never heard of Preev. What is it?

http://preev.com

realr0ach

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#TheGoyimKnow

The Bitcoin exchange rate converter that's existed for 2 centuries.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Never heard of Preev. What is it?

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: Totscha on August 06, 2019, 06:39:49 AM

Might have been something you ate? I'm looking at $12.325 as the daily high.

Perhaps it was some strange exchange? We use Bitstamp BTC/USD here. Anything else and the natives get restless... Wink

It was in preev

realr0ach

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#TheGoyimKnow

Quote from: HairyMaclairy on August 06, 2019, 06:49:27 AM

Lol did they just use a ruler and measure the same distance on a log chart ?

$600k with a cost of production of $6k post-halving. Sounds totally legit, bro. Please just completely ignore the fact price trends towards cost of production unless every govt in the world suddenly adopted Bitcoin as the unit of account of everything for no reason.

The odds that happens with metals is pretty high for a dying fiat system. The odds of it happening with Bitcoin = 0. Since Bitcoin is entirely a synthetic, bullshit widget based on artificial scarcity, govt would never adopt Bitcoin and would always create their own digital shitcoin instead to try and force on you. So the only two possibilities are physical metals or govtcoin.

HairyMaclairy

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Degenerate bull hatter & Bitcoin monotheist

Quote from: LFC_Bitcoin on August 06, 2019, 05:38:43 AM

Quote from: El duderino_ on August 06, 2019, 05:35:28 AM

600k+ $BTC by Sept 2021 if we copy the 2015-2017 price action 😎🚀

#Bitcoin2019 #bitcoin

https://twitter.com/Crypto_Tone1/status/1158361271022030848?s=20

When people getting overly Bullish and talking my language Roll Eyes

Lol fuck off mic!
That is seriously overly bullish although just imagine Shocked

Lol did they just use a ruler and measure the same distance on a log chart ?

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: fillippone on August 06, 2019, 06:37:20 AM

This is why we are here.
Spread the word.
Spread the knowledge.
comfortable habits of ignorance

You sound like criminal negroes from the ghetto with an IQ of 3 trying to blame the fact people don't like you on "ignorance". It's not "ignorance" people don't use Bitcoin, it's because it has zero fundamentals due to transaction validators being designed to centralize while also being a completely synthetic, Keynesian scam based on artificial scarcity inferior to physical metals.

Totscha

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Quote from: BitcoinGirl.Club on August 06, 2019, 06:32:02 AM

For few minutes (an hour ago I think) I witnessed $13,000

However now it's $11,800

Can not complain. $15K soon?

Might have been something you ate? I'm looking at $12.325 as the daily high.

Perhaps it was some strange exchange? We use Bitstamp BTC/USD here. Anything else and the natives get restless... Wink

fillippone

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Quote from: El duderino_ on August 06, 2019, 05:25:39 AM

Most people are woefully uneducated about Bitcoin.

It appears that everyone who can explain it is extremely bullish.
https://twitter.com/bitcoindeezy/status/1158053269874196480?s=20

@r0ach, educate yourself, fight the inner bitterness, jump on the train, forget your Nazi sh*t thinking, forget trolling the WO, become a brother its not yet to late Cheesy

This is why we are here.
Spread the word.
Spread the knowledge.
Bitcoin is a difficult topic, at the crossroad of different fields of human knowledge (monetary theory, cryptography, game theory, distributed calculation, network engineering...).
Also as a paradigm shift challenges us on many aspect of our life we are used to think about as "certainties". This is why also adoption is coming slowly: a lot of people prefer to "close the eyes" and stay in their comfortable habits of ignorance (no negative term here, only ignorance as "not knowledge").
Bitcoin is difficult, but the stake is too high not to be educated about it.
But once you see bitcoin, it cannot be unseen.

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