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

[dragonvslinux]

Thanks to everyone in this thread who put up with my TA supported me in becoming a Full Member, you know who you are 

[1714772164]

1714772164

[El duderino_]

Thanks to everyone in this thread who put up with my TA supported me in becoming a Full Member, you know who you are 

Now you can go for a HAT

[dragonvslinux]

Thanks to everyone in this thread who put up with my TA supported me in becoming a Full Member, you know who you are 

Now you can go for a HAT

Ironic you should mention that, I just uploaded a new hat avatar. I'm afraid it's not one of the Wall Observer™ Official ® hats however.
Maybe soon I will apply though 

[makrospex]

"You" proved nothing. Investigating Bidens still makes sense.

What's the reason for investigation?
Accusations.
Responsibility: FBI

Which were the accusations against biden, and by whom, to reason investigations?
Who should lead these investigations?

Think!

I just quote McAfee:

wake... the... fuck... UP!

Don't let politicians mislead you to fight each other, even if it's just "heavy debating". It's basically just an attempt to distract you from looking at what THEY do: Stealing your money, your freedom, your satisfaction. If somebody is elected for POTUS because of hatespeech and FUD twitter postings, the nation has an educational problem.
See, over here in europe, we learned our lessons through hitler. The bad news is, that this kind of experience is dying with the generation that survived WW2, so we are likely to make all the same mistakes again.

Roach, feel free to deny the holocaust now, i won't notice bcause ignore and stuff.  

[ivomm]

My final buy for the year: 0.14BTC. Merry Xmas everybody! 

[El duderino_]

My final buy for the year: 0.14BTC. Merry Xmas everybody! 

Thats good keep stacking them corns...you did bought some "bargains" 

[El duderino_]

Last night was such a weird party. Pretty sure the boat ended up on fire. Dunno how I got here and have lost my keys. Miami is weird dude goin back to bed
https://twitter.com/CryptoCobain/status/1207601236813524993?s=20


People, parties, losing sh*t, everywhere same stories only different characters playing the storyline

[LFC_Bitcoin]

Last night was such a weird party. Pretty sure the boat ended up on fire. Dunno how I got here and have lost my keys. Miami is weird dude goin back to bed
https://twitter.com/CryptoCobain/status/1207601236813524993?s=20


People, parties, losing sh*t, everywhere same stories only different characters playing the storyline

Kind of like when you lost your bitcoin’s on that boat mic. Such a terrible tragedy. I will send you a few sats on your birthday brother.

[jbreher]

https://twitter.com/CryptoScamHub/status/1207497820875325441

A core difference, of course, being the fact that defecting soldiers are executed, while miners that switch to another chain are rewarded.

[Globb0]

All defecting soldiers?

[JayJuanGee]

@JJG, I got confused for a sec then i realized mhmm.... okay

Snap out of it JSRAW....


Me and you be like this.




#nohomo

[Globb0]

Where can I get some of these new Proof of Text JJG coins?

[LUCKMCFLY]

Less and less for Halving ...

Bitcoin halving candles

Source:

https://twitter.com/ChartsBtc/status/1207681320547241984

[jbreher]

The framework governing U.S. diplomacy and foreign policy standards cares. You should care too. Trump should have cared, but he didn't, and he paid for it.

Newsflash: In the good ol' USA, interstate affairs are vested within the executive branch. As president, the dispatch of such affairs are his domain.

[JayJuanGee]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

Now that is interesting, what will the break even price be after the halving?

All factors being equal, well, double (ie: $15K)

But then, if prices also increases it is predictable hashrate will too, so more than double.

There is always the possibility of price not increasing and then hashrate decreasing while maintaining the cost per BTC mined.

So... we don't really know... but double is most "safe" answer.

Or was it a rethorical question? lol

I am thinking that the cost are the same after the halvening.

Only the new supply that comes out of that is reduced in half.

The costs only go up when the hash rate goes up, but moore's law tells us that cost of hashrate goes down with the passage of time.

Of course, nothing is static, so even though bitcoin provides incentives for the front loading of hashing before the halvening (get more coins before the reward goes down) and the cutting off of hash rate after the halvening (because not as much profits from fewer coins).

Ultimately, empirical evidence has been showing that so far BTC prices have been going up way more than double upon each halvening, which causes incentive to mine and to cause the hashrate to go up. 

I think that our best model is to just scramble all the factors together and to say that it is NOT just one variable that can be changed, because a whole bunch of folks are incentivized in an number of ways that end up causing the stock to flow model, the four year fractal model and the s-curve exponential adoption model to all end up playing out in a kind of true way that causes HODLers to become "richie."  There is no such number for "richie" even though peaks of 100x have historically been nice - yet the higher that BTC prices get, the more likely that each four year cycle is going to result in somewhat smaller peaks, including causing "richie" to become less exponential - except for us earlier adopters who are laughing our way to the bank while being accused of being part of a ponzi scheme... thank you very much later adopters, even the reluctant ones that are going to be forced to come on board much later, looking at you roach..**

(**a tiny bit sorry that I devolved in the end of that above paragraph into non-mathematical levels of uncontrolled excited / irrational exuberances, and even a jaded personal attack at roach's expense, as a model of what NOT to do...  )

[mindrust]

Less and less for Halving ...

Bitcoin halving candles

Source:

https://twitter.com/ChartsBtc/status/1207681320547241984

Best chart. Ever.

[JayJuanGee]

I am going to make it all shorter this time, and you might not like the lack of explanations to substantiate my brevity.

 

- Heart attacks (in today's world) are overrated.

Still the leading cause of death (excluding accidental).

 

- One thing is having a bug-out-bag (which I am completely in favor) and one different thing is to go full retard into preparing for an "apocalypse" scenario r0ach style. No, I refuse to plan for a scenario in which I would probably not want to live and, what's even worse, doing so at the cost of not being prepared for a more probable and enjoyable lifestyle. That's nuts. No surprise here, eh?

Doesn't hurt that individuals are going to significantly vary in terms of what they are preparing for in their "bug out" bags, including NOT being adequately prepared for more realistic scenarios and including the crazies.

And I think that more or less sums it all up. Really, can't you avoid replying with that kind of complex structure?

Yes I can.



 

It makes for a very tedious work replying back. But you probably already know that and just don't care or even do it on purpose, don't you? lol

Sorry for your loss.  You are going to need to reduce that amount of time from your total expected longevity, which is going to screw up your previous calculations.  

[VB1001]

Bakkt’s Cash Settled Bitcoin Futures on 7 Day Volume Pump

Bakkt’s official Twitter account noted that the recently introduced cash settled Bitcoin futures market has been trading at a volume of over 1,000 lots consistently for 7 days now.
Some in the cryptocurrency space still debate how positive this really is for Bitcoin.

https://beincrypto.com/bakkts-cash-settled-bitcoin-futures-on-7-day-volume-pump/

[JayJuanGee]

Where can I get some of these new Proof of Text JJG coins?

Well, I am glad that you asked, Globb0.*

Roger, Richard (RR) and me, soon to be known as JRR or RJR or RRJ("we" have not yet decided on our updated acronym), will be making an announcement soon.^tm - perhaps in two weeks.^tm  

We are considering a conference, too, and might even include roach for our PMs angle (roach is a much cheaper option than Peter Schiff).... to add another "R" into our acronym mixenings that will go along with edumacating peeps in respect to pumpementals that will also be debuting soon.^tm  As many of you know, Roach knows a lot about how to make a good solid investment that "holds its value," especially relative to the dollar, and you don't even need a small truck to carry the value around.  A regular car with tinted windows or a trunk will do just fine.  

Stay tuned!!!!

*Disclaimer: Everyone is a scammer.. even your good ole used-to-be buddies in the Wall Observer thread from wwwwwaaaaaayyyyy back.  #nohomo      

[Hueristic]

Bakkt’s Cash Settled Bitcoin Futures on 7 Day Volume Pump

Bakkt’s official Twitter account noted that the recently introduced cash settled Bitcoin futures market has been trading at a volume of over 1,000 lots consistently for 7 days now.
Some in the cryptocurrency space still debate how positive this really is for Bitcoin.

https://beincrypto.com/bakkts-cash-settled-bitcoin-futures-on-7-day-volume-pump/

Bakkt Bitcoin Futures Only 63% Backed by BTC, Despite CEO Assurances

https://beincrypto.com/bakkt-bitcoin-futures-only-37-backed-by-btc-despite-ceo-assurances/