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

[LFC_Bitcoin]

fixed

The goose has his own beer?

[jojo69]

That Founder's All Day actually ain't bad, I mean, I wouldn't call it "good", but it is not offensive if you are not angling for a quick blackout.

[hodl_2015]

How is everyone doing?
Will we be stuck on $8k for the next couple of weeks?
Thoughts?

Better question: will we every go below $8k? And if yes, when will be the last time?

Wait a sec, I will give you the exact time in a few.....

There we are :-) so 5 hours. but will it be the last time?

[fillippone]

My brother: spends $400 a month to have a nice car
Me: spends $400 to own Bitcoin



Will it be worth it?

- Most cars depreciate in value over time
- Bitcoin increases in value over time

Do the math.

High time preference vs Low time preference.
Consume vs invest 

[HairyMaclairy]

Took our first steps toward energy independence today with a Tesla Powerwall.

I'm observing Powerwalls too. waiting for solar but have already prepared most cabling. Natural gas to be replaced with heatpump too.

If a full Powerwall doesn't get you through the night you need to seriously look at your "base load".
I have seen radio's pulling 18W in standby (157 kWh/year) and microwaves using 8W to show the (wrong) time, Desktops using > 5W when off and floor heating pumps drawing 95W 24/7, even when not used in summer.

At night I have:
12W 12V outdoor LED lighting (9 x 1.2W running from a single high-efficiency adapter) [edit: corrected]
4W internet modem/wifi (with all status lights disabled)
18W freezer, 75W with about 25% cycle time.
10W fridge, 65W with about 15% cycle time.
8W standby central heater (I turn this off in the summer unless I need warm tap water)
5W phone charger (10W for half a night)
Total: 57W night-time usage.
a single 13.5 kWh Powerwall would last a me a 236 hour night.

Oh wow.  We oscillate between 200 and 500W night time usage.  Never go below 200W.  Much of it is various security systems but I am curious as to what our fridges are consuming.  The beer fridge is quite old and might be an energy hog.  You have got me interested. I will run an audit on what everything is consuming.

So I wasn't sure if we would make it through the night but we did, including running a load of clothes through a washer and dryer.  Now the solar is starting to kick in again and we are on 17% on the battery so we shouldn't need to draw from the grid at today.  I'm guessing the battery would be over 40% if we hadn't done the clothes.

Warm climate here so heating isn't an issue.  We run a heat pump maybe five days a year.  AC is a challenge in summer but the solar panels are screaming through production in the full sun so we are heavily exporting even with the AC on full.  AC at night time may require some balancing to avoid having to import.  

It’s a good point.  It’s currently attached to the outside of house and has cameras on it, not that that is likely to help.

Safety comes primary from a good battery monitoring system, and secondary from how the cells are packaged. A shorted cell should heat up but heat transfer to the next cell(s) should be slow enough so the whole pack can't do a cascading runaway. Powerwall should vent some hot gasses but nothing more. Mine will be indoor and I plan to not store very flammable things like cardboard/paper right next to it. It's not a Chinese pouch cell, with just a thermal fuse, shrink-wrap "shielding", and very limited monitoring of charging and discharging conditions.

This safety talk is good.  I decided to put a smoke detector from the hardware store above the Powerwall yesterday.  Then my wife pointed out that the smoke detectors we have inside the house are all old and aren't compliant with current standards.  They are also hardwired in.  So we will get in an electrician to go through the house and update everything, including appropriate monitoring external to the battery pack.  

Reserve power is a very nice thing for a house, not sure if you need a whole powerwall though. I've been running a power station in an outside shed on my property for about 20 years now, the core of it is 4 150ah VRLA (Valve regulated lead acid) batteries with a 1kw 24 volt inverter and 1kw of solar panels. About 5-6kw of power, 1kw peak draw, a 10 year life span on the batteries, and they will never catch fire..

In the event of a power failure I can switch to the shed manually for the fridge (300w, 25% duty cycle), a few lights, and most importantly cell phone and internet service (another 20-30 watts) and a coffee maker (70w for a few minutes). In a multi-day power outage the priority is keeping the fridge running and having fresh coffee. Can also run a smaller microwave oven if I need to warm some food up.

Solar panels can top off about 4kw of power a day, giving me around 9-10kw of power. With 2kw for the fridge this leaves me a fair bit of extra power for incidentals or a day or two of rain. Longest I have run it was 3 days when power really went out and it was a life saver.

Not too complex, worth it.

Neat.  You are a solar battery pioneer !
 

[El duderino_]

My brother: spends $400 a month to have a nice car
Me: spends $400 to own Bitcoin



Will it be worth it?

What a question.... speaking short-middle or long term, spending 400$ to own BTC will always outperform paying off a LOAN for a losing value car.....

[El duderino_]

^
Damn just saw the answer was already been served properly

F*** the b00z hit me fast today, just 23.45 local time and i'm home already damn not of my normal habits ........

[HairyMaclairy]

https://twitter.com/peterlbrandt/status/1132402089856946177?s=21

[Last of the V8s]

bathcoin?

anyway btc's gonna rip up and the scamcoins will plummet

any minute now

[El duderino_]

Where da 100K.... 1 mil. party @??

[fabiorem]

[Retina]

^
Damn just saw the answer was already been served properly

F*** the b00z hit me fast today, just 23.45 local time and i'm home already damn not of my normal habits ........

Yep, i always like your opinion brother, you have a good habits. Fun and talking about.

[Retina]

Here are 10 reasons why you should consider to buy Bitcoin right now and why I think that a possible next leg upwards is waiting just around the corner.


1. Yesterday's candle close was above the $8,000 above the psychological number - $8,000 is a round number and it should act as a resistance level but the price manages to close above of it.

2. Yesterday's candle close made a break above the triangle (red lines). Chart pattern breakouts are usually really good when the breakout has occurred into the trend direction. At the moment, the trend is definitely upwards and the breakout has occurred upwards, so, really nice. Also, the breakouts are more reliable on the higher timeframes. If the breakout above or below the chart pattern has occurred on the 1H timeframe then this is a bit weaker breakout than on the Daily, as it is right now, perfect!

3. EMA 8 & 21 on the 4H timeframe have a Golden Cross which is good confirmation for further movements upwards after the breakouts.

4. EMA 100 & 200 have a Golden Cross on the Daily chart , which is supporting that current breakout into the trend direction.

5. Break above the small Bull Flag . It has made yesterday but still, we can count this as a momentum sign.

6. We have an unusual chart pattern. Actually, we have a chart pattern but in an unusual area. The pattern is an Inverted Head and Shoulders ( IHS ). Usually, the IHS is a reversal chart pattern and it occurs at the end of a downtrend but currently, it is top of the trend and it doesn't work as a reversal pattern. Currently, it is just a small indication for further movements upwards and it should work as a slight continuation pattern. The pattern gets valid after the break above the neckline, let's say a candle close above the strong area at $8,200. Then we have again 2 in 1 - break above the chart pattern and break above the strong area at $8,200

7. Usually, the resistance areas getting weaker after every hour after every day when the price stays into the resistance area . If the price stays into the previously noted resistance or support area too long then it decreasing the trade success rate. Currently, we waited for throwback and actually we got it but the price climbed still back into this area and probably it is ready to make another leg upwards because it has been too long in this resistance area , which is actually pretty strong.

8. The last Weekly candle close gave us a 66% probability, over a small sample size, that the price may go to the higher levels.
Over the past, the Weekly candle has closed above the $8,000 price level three times.
Two times it has moved upwards:
- Breakthrough on 2017 November guided the Bitcoin price into the ATH ( all-time high), close at $8,031
- Breakthrough on 2018 April guided the price to the $10,000 price level, close at $8,355
One time it had a fakeout
- Breakthrough on 2018 July was a fakeout, close at $8,216 and next week the candle goes back below $8,000.

9. Lately, we have seen pretty good fundamentals and Bitcoin is again on the bigger picture.

10. Feel free to support my effort by hitting the "LIKE" button, it is my only fee from You and this will help to pump BTC price into the higher levels!


Have a nice weekend,
Cheers!

Source: https://www.tradingview.com/chart/BTCUSD/G0w34MCS-BITCOIN-10-Reasons-to-BUY-BTC/

[Syke]

https://www.reddit.com/r/btc/comments/bsohgn/pay_up_roger/

tldr: tx was added manually by slush and bet was end of day local time not 24 hours. if i got it right.

There's no indication it was manually added. Several transactions with the same low fee are in the block.

[Last of the V8s]

Well hallo, sailor. Is that a massive bull flag in your chart or are you just pleased to see me?

[El duderino_]

8K and 66bucks

Of to HODLlandiaaaa!!!!! Gonna sleep the wine out so I can go and have a clear mind to bring out my EU vote tomorrow..... actualy what a waste of F***ing good time, pfffff less time to spend in my precious HODLsleep  

For the rest goodnight Bro's of tha Wall.....

[btcsmlcmnr]

Bitcoin will lead the crypto market in general, and altcoins in particular, to their higher positions. Bitcoin has strongly demonstrated that it can stay steadily at $8000.

[Retina]

8K and 66bucks

Of to HODLlandiaaaa!!!!! Gonna sleep the wine out so I can go and have a clear mind to bring out my EU vote tomorrow..... actualy what a waste of F***ing good time, pfffff less time to spend in my precious HODLsleep  

For the rest goodnight Bro's of tha Wall.....

Good Luck brother hopes that back soon Have a nice day.

[Hueristic]

My brother: spends $400 a month to have a nice car
Me: spends $400 to own Bitcoin



Will it be worth it?

What a question.... speaking short-middle or long term, spending 400$ to own BTC will always outperform paying off a LOAN for a losing value car.....

Depends on your definition of "paying off", if your goal is getting laid then his brother will do better short term but lose out big time in the long term.

[jbreher]

Hello brothers WO`s!
You can sign the petition by clicking here.
https://www.change.org/p/karyn-temple-remove-craig-wright-s-name-from-bitcoin-whitepaper-copyright
They demand that Craig's name be removed from the copyright registration for Bitcoin Whitepaper.

It ain't just a river in Egypt.

No, I'm not speaking about whether or not CSW is Satoshi. I'm speaking about the fact the procedures set by the Copyright Office are run as per regulations in the Federal Register, which are in turn a codification of the requirements set upon said office by legislation passed by congress and enacted into law by the President.

You think the Copyright Office is going to overturn the way the entire US Government works in order to satisfy an ignorable number armchair warriors emboldened in righteous indignation?

Silly English bed-wetting types... I fart in your general direction.