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

[Icygreen]

PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!
This was my main hurdle and concern in the very beginning.  No doubt there is manipulation, really super BIG entities, market makers, or however you'd like to call it. This is the reality of being involved with bitcoin at such early stages (wild west?)  But make no mistake, we are all here (market makers included) for the very real possibility that bitcoin will grow because of sound fundamentals,  and a growing desire/need for a sovern currency free of QE and inflation. If market makers didn't believe in any of this, they'd have left long ago on a pump, never to return.
I feel life's too short to not be part of this very rare opportunity and I'm content being among the big players who can move the markets. I will mitigate my risk by choosing not to trade on shady exchanges like bitfinex or simply not trading at all.
Those who are short term gambling the market or here just to make a buck are the ones targeted by the market makers. So in essence, if you've got time, HODL is likely the best option.

[1702204677]

1702204677

[STT]

In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications?

I would expect of the two crypto will suffer if it does not become more efficient.   Every free market favours the most efficient solution to reach the same point.   Bitcoin as part of its security goes out of its way to introduce this energy cost but I dont think thats feasible for regular simple use globally.   


https://i.imgur.com/MhI5NZt.jpg


Bullish peak in shorts relative to a price that is going sideways after leaving a negative channel, I think thats relatively bullish in an ironic way

[Torque]

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#

The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?

Boy, I wish I had a cushy govt job where I could get paid to just go to meetings and hearings and spout off a bunch of meaningless, irrelevant mumbo jumbo about things that I have no idea what I'm talking about.  

[Last of the V8s]

^lol Torque soo cynical
https://eosindex.io/projects/246-drugex

DrugEx unites sellers and their customers through personalized data intelligence for an unprecedented drugs dealing experience. We are creating a more sustainable retail economy where drug dealers become stronger by working together and drug buyers get rewarded based on the value of their data that they fully own, control, and can share.

Wonder if the block producers will wear this.

[El duderino_]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind 

[LFC_Bitcoin]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind 

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

[Last of the V8s]

[El duderino_]

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  

[Gyrsur]

I JUST LIKE MY COINS TO DAMN HARD  

#MeToo 

[Anon136]

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

Whether it be with you or your kids or their kids or their kids the money will eventually run out no matter how much it is, while the effects of the broken chain of work ethics could plague your lineage for all time. I'm trying to prepare my children to be future capitalists.

[jojo69]

It's true, money ruins people.  That's why I don't reproduce.  I'm only responsible for ruining myself.

[Anon136]

It's true, money ruins people.  That's why I don't reproduce.  I'm only responsible for ruining myself.

Here is a book about how to not let your money ruin your children and future generations. In case you ever change your mind.

https://www.amazon.com/Intentional-Legacy-David-McAlvany/dp/1943217432/

[jojo69]

dude

I'm not even responsible enough to have a dog

[Anon136]

dude

I'm not even responsible enough to have a dog

Hey it's all just a choice. You may decide to be responsible some day. ¯\_(ツ)_/¯

[LFC_Bitcoin]

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.
 

[El duderino_]

I JUST LIKE MY COINS TO DAMN HARD  

#MeToo 

thats the real HODLER spirit 

[gentlemand]

http://blog.mclain.ca/buy-and-hold-31-cryptocurrencies-for-365-days-week-52/

This is the final instalment of one geezer's 52 week journey of buying and holding.

Result - just under break even.

[doc12]

Shorts @ATH and 100M Tether printed, fasten your seatbelts

[bitebits]

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

Alternatively you can get yourself more bitcoins so you don't have to rely on any gods.

[Last of the V8s]

https://economics.yale.edu/sites/default/files/files/Faculty/Tsyvinski/cryptoreturns%208-7-2018.pdf
Risks and Returns of Cryptocurrency

if the investor believes Bitcoin will continue to do as well as the past seven years, she should hold about 6.1 percent share of Bitcoin in her portfolio. Even if the investor believes Bitcoin will only have half of its historical performance going forward, she should still hold about 3.1 percent share of Bitcoin in her portfolio.

+ moar good stuff + some dodgy stuff