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

[Last of the V8s]

Technically, you're right.
Practically, she's a sort-term bottom-shorter stop-hunter.

[Last of the V8s]

She could break my balls any time

[Ibian]

Just realized that Bitcoin's hash rate is up +100% since January 2018 and around +25% since May as well as +15% from two weeks ago.

That's a nice hashrate miners. Those are some nice ASICs.

It would be shame if someone...

changed...

the algorithm.

It's not going to happen, so I don't know what your point is except to bring up something that is not going to happen?

not to be an ass...but actual question...I read someplace a month ago, actually the claim that miners need about $6,600 usd to make profit mining ..this

was for the majority of big BTC miner halls...IF, the price dumps (see LTC) and there is an overabundance of ASIC miners (see LTC) is it not possible that

it could get so bad or centralized (see LTC Bitmain) that perhaps this could be the case? I used LTC as an example ..which is not exactly fair, in that they have

many pow-scrypt coins effected in this manner, not just Bitcoin forks....but there has to reach a point in price vs mining...where it could be you just could NOT

mine coin at a price without having to change algo?

anyway, probably not explained right, but you get the direction...what would it take to change algo on BTC? (if any)

I don't get how you can be a miner and not understand how mining works. If mining becomes unprofitable, some miners will drop out, the difficulty goes down, and the cost of mining goes down to whatever level is profitable for the remaining miners. This is 101 stuff.

[TheCryptoDudeson]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

[Rsiyz]

https://twitter.com/Antminer_main  new

price comment: end of juice ... 

[Micky25]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

One of the things I don't understand in the English language, because it actually means "in all ways". Same as Welcome.

[ivomm]

After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price  

[Totscha]

Phillip Nunn ----- btc hit 60k this year allways nice to read 

Always*

Way to start posting like a Nazi...

[Totscha]

After the previous (14 days ago) 14% rise in difficulty we have 2.77% now. Are we going to a halt in asic sales? Anyway, the miner break-even point is close, and this is typically considered as the (in our case tripple) bottom of the price  

Most miners are bought at wholesale prices, so we're not there yet

[shahzadafzal]

Meet the path to NEW "ATH" by year end (2018):

All I can see is two mountains of almost same height... why it can't grow bigger by end of 2018?

https://www.tradingview.com/x/TFWR2NB6/

[Dabs]

Who here is NOT going to sell me their Lambo if I pay in BTC that has either some segwit taint, or that actually comes from a native segwit address? I didn't find anyone who wouldn't accept my coins.

That would be that Bcash idiot Jbreher  

Actually, I don't think he said it. He implied that someone else would not accept BTC that came from one of his perceived asset classes. I don't think he wouldn't accept my BTC no matter where they came from, but at the same time, he doesn't need our BTC since he seems to have more than we do, and he's got nothing for sale that we could pay in BTC.

I mean, bitcoins are bitcoins. bitcoin cash is bitcoin cash. Other than that (and the other forks), there's no difference.

I'll accept bitcoin cash, I'll just market sell it all.

[El duderino_]

[d_eddie]

For me, the dream of fungibility died when Ross Ulbricht went to prison.

It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources.

[European Central Bank]

It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources.

it would've been eventually. no one back then knew how good it would become. he would've left trails that would've led to him years down the line even had he walked away.

[Bitcoinaire]

I don't want to jinx it, but the price action is looking good.

[Totscha]

I don't want to jinx it, but the price action is looking good.

Jinx confirmed!

[mindrust]

I don't want to jinx it, but the price action is looking good.

Jinx confirmed!

Satoshi created it too.

[jbreher]

What I am asserting remains what I have been asserting all along. I am asserting that these properties are endemic to Segwit. Period.

O.k.  You are asserting a theory.

No. I am not asserting a theory. I am asserting fact. Not theory. Fact. Segwit's separation of Bitcoin into three distinct classes is a readily-observable fact.

You really have a problem with basic definitions here.

[jbreher]

The evidence is already given. Segwit creates a triple-classed asset. And that this is by definition a lack of fungibility.

I will pay you 10% under market for all your segwit tainted coins.

Might need to do it in batches.

No?

Thanks for the (disingenuous) offer, but I don't have any Segwit tainted coins.

[jbreher]

Just realized that Bitcoin's hash rate is up +100% since January 2018 and around +25% since May as well as +15% from two weeks ago.

That's a nice hashrate miners. Those are some nice ASICs.

It would be shame if someone...

changed...

the algorithm.

Indeed. Changing the algorithm would be stupidity of the first order. See Bitcoin Gold, et al, for the logical conclusion of that path. No good can come from jettisoning Billions of $USD worth of dedicated security appliances. The idea itself is being floated by economic ignoramuses.