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

[Typex]

https://omniexplorer.info/address/3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

300 million daisy fresh Tetherinos are on their way to ruin someone's day.

What might this mean for the short term BTC price?

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[gentlemand]

What might this mean for the short term BTC price?

Traditionally it's meant a pump. As far as I know this is the first major injection of USDT since the market took a giant dump so it's less predictable this time perhaps.

[Last of the V8s]

What might this mean for the short term BTC price?

Traditionally it's meant a pump. As far as I know this is the first major injection of USDT since the market took a giant dump so it's less predictable this time perhaps.

Did not know the queen smoked.

[HairyMaclairy]

Rosewater I want you to go to a motel, draw the blinds and don’t come out until Tuesday.  Dont talk to strangers, don’t switch on the TV and don’t look at the internet.   The Satoshi Vision conference is this weekend and it’s going to be bad and scary.   The mean bears are going to come and try to frighten you out of your bitcoins.

Everything will be ok again by Tuesday but you have to go into hiding until then.  It’s for your own good.

[BlackSpidy]

I need bot. Where do I buy a bot? Exchanges should rent them out like scooters.

I'm sure that would end well...

I don't think it would be that bad, to be honest, but what do I know?  ¯\_(ツ)_/¯

the exchange owns the bot... What could possibly go wrong?  Certainly it wouldn't have a default behavior that benefits the exchange.  I trust them implicitly.  they are safe and benevolent like government!

If you rent out a bot that you don't have full control over, you face the same risks that you do sending your bitcoin over to an exchange. Same as entering a margin position, same as providing funding in an exchange.

It's up to each of us to assess the risk. That's what the free market is about, isn't it?

[gentlemand]

Did not know the queen smoked.

We all have our vices.

[JayJuanGee]

I need bot. Where do I buy a bot? Exchanges should rent them out like scooters.

I'm sure that would end well...

I don't think it would be that bad, to be honest, but what do I know?  ¯\_(ツ)_/¯

the exchange owns the bot... What could possibly go wrong?  Certainly it wouldn't have a default behavior that benefits the exchange.  I trust them implicitly.  they are safe and benevolent like government!

O.k.  Granted exchanges are not necessarily trusted entities (at least not 100%);however, I think that the BIGGER problem would likely be a variety of user "errors"... Can you imagine someone like Rosewater programming a bot, even if he gets a template to work with?

Ok.   for example, give him a template to buy on the way down and sell on the way up, and the next thing you know he develops a dollar cost average selling strategy on the way down.  Next thing you know, Rosewater is back in the cupboards with chocolate on his face.   


Looking like this:

[RejectedBanana]

Prepare to recycle the $9000 memes.

[STT]

Something is wrong. This glade is alot shorter than predicted.

Are we back on track? Odds 7200 was the post glade bottom: 3/51

This is very bullish action, Bitcoin always surprises me how rapid it recovers when it does.   My target upside is very real to coming round so I will judge by the reaction at that point, 9174 is roughly it though its also varying by time as its an uptrend not a fixed ceiling.  
I expect some kind of ceiling creep around there as its many months we have been rising at this rate (though with much volatility obviously) it will be on many traders radar by now.

[Raja_MBZ]

Bitcoin futures going long. I'd not mind seeing Vegeta's scouter once again everywhere.

"Long time no see, Mr. 9000!"

[Raja_MBZ]

Crypto looking strong:

1) G20 announces no call for regulation for crypto.

2) US Congress released an extraordinary report praising blockchain.

3) Tether seems to be actually backed by USD.

Moreover, right now:

1) Tethers being printed in a whole lot.

2) Bitcoin futures going long.

3) Chart's looking like it has created some "M" design, that means Majin Vegeta coming up soon.

Who'd like to keep fiat right now when there's crypto with this much good news around?

[bitcoinPsycho]

bollocks the positivity chart is broken.must get it repaired asap

fixed

[Sitarow]

Cointelegraph recently posted an article estimating that most miners are barely breaking even at $8000. There's other news outlets running articles with the same mining's no longer profitable theme.

wait just a minute

The FUDsters have been in here claiming that BTC is going to fall to the cost of production, which they put around @1000.

Just which the hell is it?

I been pondering over how to go about this debated question. And I suppose the best way is to show that both numbers are off for the simple fact that they do not consider how long it takes to make that 1 BTC.

The fact that many don't understand what it takes to secure one bitcoin when statements like it costs fails to give the simple value at what interval is "ONE" bitcoin made.

I have put together a sheet that shows how much mining power you would need to security one BTC a day and every 12 Days since difficulty is adjusting every 12-14 days on average.

To produce one bitcoin a day using the latest hardware from Bitmain would take an investment of $2,366,417.19 USD or about 250 BTC to secure a quantity of 1,020 S9 13.5 TH ASIC mining units. That equals a total hash rate of 13,770TH or 13.77 PH.

As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.

However those that do mine know that BTC at this price is a buy opportunity rather than investing in hardware.

Edit add link to document: https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

[Syke]

As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.

Yeah, I would not recommend mining if your power costs are $.10/kwh. A serious mine should be down in the $.04 range.

Over 9000!

[mike4001]

As you can see if you factor in just hardware loan repayment and power costs never mind any other type of costs and you run at a loss at $9500.00 - There are far better investments you can do than invest 2.3 million USD instead of hardware.

Yeah, I would not recommend mining if your power costs are $.10/kwh. A serious mine should be down in the $.04 range.

USD 9.015 at Bitcoinaverage.

Let's hope it holds (and rises)

[xhomerx10]

It'z over 9ooo!

Sorry no memes available

[bitserve]

WHo knows, maybe there were a few whales looking to buy in the auction and, when they didn't win, decided to source them from elsewhere. Plausible?

[Lopumbo]

WHo knows, maybe there were a few whales looking to buy in the auction and, when they didn't win, decided to source them from elsewhere. Plausible?

Front running by insiders by knowing that 300Mio$ Tethers will be printed - price increased - you can't explain that
300Mio$ Tether will be used to pump BTC to 11k$ - you can't explain that

 

[BlackSpidy]

Remember: Reduce, reuse, recycle.

Here's a video I made when we first breached $9000 https://www.youtube.com/watch?v=D-ZRcMy765E

[infofront]