Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I also have zero debt.
+1 WOs merit.
Funny how you are able to frame a restart in such a Cryptotourist dominant way - especially when you went out with a kind of cat's-got-ur-tongue whimper in our last battlito.
Dont you just love the art of war!
Everybody claims whatever, and draws their own bubble conclusions.
BTW, you were 18-3 down before our last battlito.
#I.dominant
Maybe you do need a head-start though?
Like a kind of 3 to 1 handicap.
Like a kind of 3 to 1 handicap.
Its not called a head start, when I absolutely own your ass already.
Off to the trenches now.
Id like to re-debate to what extend - the Bitcoin network hashrate drifts in parallel with Bitcoins price action or not.
I think we can both agree, that if [extreme example] the hashrate were to fall to zero - Bitcoins price would fall to zero.
Similarly, if it were to go bonkers, the price would follow up wildly too.
Im more interested in the smaller time frames tbh.
Does the price follow the shifts in the hashrate, does it front-run it, or does it back-run it?
Last time we debated this, you sort of convinced me, but now Im having second thoughts.
Me thinks that when hash ribbons turn green again [currently in a red dip], were going to pump through $20k [Feb-March].
[yeah, sorry about using Kraken BTC/EUR pair instead of Bitstamp, not]