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

[Dakustaking76]

Oke guys its time taken your seatbelt And watch the Damn price going to the galaxy

[1714705456]

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[1714705456]

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[HairyMaclairy]

Too much speculation for next retargeting, if it's a dud there will be a lot of CCMFs

Bitcoinwisdom says 23% difficulty adjustment downwards. 

I don’t think my buy orders are gonna get filled.

[JayJuanGee]

Once bitcoin was out of the bear run (transitioned into a bull run), we can still use the approximate $250 price stability point of 2015 as our starting reference.  Accordingly, it took about a year to triple to $750-ish, and then it took about 9 more months to triple again to $2,500-ish.. .and then it took about 3 months to triple again to $7,500-ish....

Funny, but I've been making this graph, to show how last 5 doubling events since $250 look like two distinct exponents:

270 days
270 days
90 days
90 days
90 days



The question is, how much longer the second exponent will last...

Thank you very much for that.  the "exponent" and doulbling concept is certainly interesting, too.

At some point, we may have a "blow off" at the top, and then we have to start over with our calculations and our considerations.

[AlcoHoDL]

Is that an ATH?

Not yet, for Euro-land.

Euro-ATH (@ Kraken) is currently at 7115 €.

Now at 7020 €, still some gap left to cover, but getting there.

Carolina may be coming to sweeten our nights tonight...

[Arriemoller]

This has not been a good night for me, I registered on an exchange to sell my bitcore, since that is not supported in my Coinomi wallet.
But I couldn't figure out how it worked, and ended up sending the coins back to my wallet.
Then I tried to recover an old DAT file from bitcoin core (or QT, don't remember) but I couldn't figure that out either.
Then I tried to get my private key for my old legacy address on Blockchain.info, but no luck, the old 17 word seed apparently is not the kind you can use to get your private key.

Now my head is spinning and I'm going to bed, have to work tonight so I need my beauty sleep.
If you have any Ideas how to solve any of the above mentioned problems, feel free to tell me.
Goodnight.

[iram1011]

What the hell is with tether volume?

All the technical analysis for Bitcoin are going in vain because of this. Yesterday I was looking at hourly charts that was clearly indicating a correction in Bitcoin price. But what I have realized is that when Tether's 24hr volume> marketcap. Bitcoin FOMO irrespective of technical indication.

[Arriemoller]

Oh, and I forgot.
HAPPY TURKEY WEEKEND TO ALL AMERICANS OUT THERE!

[JayJuanGee]

Yep...  I have, i don't want one single person to lose their money.

The coin is oversold.  why would people (or bots) sit on this thread and encourage noobs to buy it, when deep down even the hardest bull knows it's the end for now.

Would you recommend your grandma to buy at 8150 ?  Please answer that question.

If it was 21 billion bitcoins, instead of 21 million bitcoins, would you consider a price of "8$" as expensive?

Yet it is the exact same thing as 8000 with a supply divided by 1000.

It's just that the average grandma can't even make distinctions between millions and billions, and how marketcap is calculated, so these things are outside her comprehension. It's that simple really. People who can't understand why bitcoin price is seemingly "high" will hand over their bitcoins for cheap. They'd do the same if they owned berkshire stocks - which are now close to 300k usd each, since they don't do stock splits and the quantity of stocks remains lower than other stocks.

But if you do not sell, you do not realize your real money 

Mate you want to know something funny.
That is the exact same stuff my friends told me when btc was at 400$, at 600$, at 800$, at 1000$, [...], at 8000 $.
Edit: actually when btc went 4000+ they all went silent or asked infos about btc

If i would have realized my profits i woulda have sold at 400$ for 150$ profit per coin and would now cry myself into sleep every night.

BTC is not the usual shitcoin that you buy and hold for a week to profit from a p&d.
 

It still does not hurt to take a bit of profit along the way.  If you started at $300, then $400 would have included 33% profits - then $600 would have included 100% profits - then $800 would have included 167% profits; then $1000 would have included 233% profits -then $8,000 would have included 25.67% profits -


So surely it does not hurt to take some profits along the way, and perhaps a bit more profits, the higher percentage that your profits represent - of course you can reinvest some of that money that you take out too, if a price drop does occur - which is inevitably likely to happen from time to time, even though we cannot be sure exactly when and the extent to which such price drops will occur.

[Elwar]

Sometimes I wonder if altcoin proponents ever have this honest conversation with themselves:

"I bought into this great altcoin called [X]. It has these great, neato features that Bitcoin doesn't have. I've held this altcoin for years and years. Of course, I've never really spent them on anything, and likely won't. So I really can't attest that these great, neato features really have any real value to myself, or anyone else for that matter. And now that I really think about it ...it hasn't really changed my life in any significant way to hold/use this altcoin versus just using Bitcoin. But I'm gonna keep holding it anyway because....umm...because .....neato features! Hypothetical use cases [that never apply to me] matter!!"

Lol  

Every alt coin I bought because I liked what it did. But yes, I never did anything with any of them. I bought NMC because I liked the idea of a decentralized DNS and had planned on doing some development around it considering it allows more bytes per transaction than Bitcoin but never got around to it and now I can't access them on btc-e.

I bought LTC because I think POS has some merit. Bought Maidsafe because I would like to be able to have decentralized Internet storage/bandwidth sharing. I just recently bought ZenCash because I met one of the guys in charge and he's pretty smart and doesn't approach it as trying to take over Bitcoin.

I could have bought into ETH early on but went to a crypto conference hoping to hear the latest and greatest Bitcoin advances only to see a bunch of ETH folks pumping their coin before it was released. They were supposed to utilize the Bitcoin network which got them support then they went off and created their own coin and everyone at the conference was talking about how ETH would take over Bitcoin and how much Bitcoin sucked.

I bought Tezos because I hope they replace ETH. I hope Rootstock replaces ETH.

[BitcoinBunny]

Pump me! Pump me! Pump me!
Pump me, Jihan & Roger
Pump me all night long
That's right, boys
You can do it.
Pump me, Jihan & Roger
Pump me all night long
'Cause if you pump me, Jihan & Roger
I can grow up big and strong

[Coinnosaurus]

What the hell is with tether volume?

All the technical analysis for Bitcoin are going in vain because of this. Yesterday I was looking at hourly charts that was clearly indicating a correction in Bitcoin price. But what I have realized is that when Tether's 24hr volume> marketcap. Bitcoin FOMO irrespective of technical indication.

The same thing happened to me when I was looking at the weekly chart ,this guy has a logic explanation https://twitter.com/Bitfinexed

[fragout]

I wonder if this is the last roger/wu pump? . A guy could be making serious coin here if they keep it up. The volume spike at the start of the pump is so obvious. You would get the double whammy of btc dropping while bcash rises. Its just a matter of timing the exit but even if you get it wrong you are just back to break even.

On reflection though, I wonder if this is what they are banking on? . The next time, all they need to do is kick start the pump and the whales will jump on board and feed the pump for them. Easy profit then for them.

On a side note. roger/wu must have a shitload of bcash built up from their mining operations at this stage which they obviously are not selling as they seek to increase the price

[DARKHOLDER]

Is that an ATH?

no on 21 nov was ath 8380$ look on charts in bitcoinwisdom.com bitfinex

but think this was signal to go to new ath..

[aesma]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

[RealMachasm]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

When is the next diff adjustment going to happen and what is it going to be with the hashrate being moved around so much lately?

NVM found this chart
https://bitcoinwisdom.com/bitcoin/difficulty

[600watt]

My only story, not nearly as exciting as yours: about a year ago I bought a TREZOR for 0.13 BTC. Now it's got to be one of the most valuable TREZORs in existence, valued today at a whopping 900 € ($1000).

if you consider that trezors are for sale for several years now you may understand that people who ordered trezors when bitcoin price was around $200 must have paid much more than 0.13 btc. I think the first trezors were sold for 3 btc.  

i remember paying 1 btc per trezor...

let´s just hope one day you can say that you paid $10k for yours...  

[HairyMaclairy]

At the end of the day it’s there to be spent. No ragrets. 

[ragnar0k]

Dont think it was posted before but... Nice crypto show started from CNBC Africa, let's hope they keep up
https://youtu.be/WqSAOcGzE2Y

[Icygreen]

If I've got the cash and the bitcoin to make a purchase, I will do it in bitcoin and simply replace it immediately or just buy enough coin to cover the cost of my purchase.  At least someone will benefit and I'm doing my part to support the ecosystem. Win Win

[fluidjax]

Hashrate is close to 50/50 BCH/BTC right now. So it's only a pump, not a pump + miners abandoning BTC.

No, BCH is between 10% & 15% of the hash rate of BTC

https://fork.lol/pow/hashrate