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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26486035 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Toxic2040
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November 11, 2020, 06:23:53 PM

new yearly highs gentlebeings


#dyor


1h


4h

#stronghands

philipma1957
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November 11, 2020, 06:27:20 PM
Last edit: November 12, 2020, 02:04:03 PM by philipma1957
Merited by JayJuanGee (1), Torque (1)

2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406
2020-10-31  13,766

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05. 14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,562
note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187

as I noted in an earlier post
 { https://bitcointalk.org/index.php?topic=178336.msg55491561#msg55491561 }

 the  best streak of above 12,584

was from 2017-12-06 to 2018-01-15  that was 41 days

so 21 down and 20 to go.

   This will be a really nice streak to break.

  If we stay hot we break the streak on Dec. 2, 2020

so 2020-12-02 here we come.




We also are developing a second streak Nov 1 on is above 13545

we have never had a full month from day one stay above 13000. I for one want to see both things happen.

and we are unfolding a third streak more on that later.

At Torque

"Hey philipma1957, any thoughts on when Bitcoin hashrate will be back up to October levels?"


assuming the hot streak continues 3-5 jumps. this one is +5%


Quote
https://diff.cryptothis.com/

Latest Block:   656476  (6 minutes ago)

Current Pace:   105.2265%  (1277 / 1213.57 expected, 63.43 ahead)

Previous Difficulty:   19997335994446.11                            
Current Difficulty:   16787779609932.66                            
Next Difficulty:   between 17554700692391 and 17680077718262
Next Difficulty Change:   between +4.5683% and +5.3152%
Previous Retarget:   November 3, 2020 at 3:17 AM  (-16.0499%)
Next Retarget (earliest):   Monday at 10:36 AM  (in 4d 21h 2m 56s)
Next Retarget (latest):   Monday at 12:51 PM  (in 4d 23h 17m 29s)
Projected Epoch Length:   between 13d 7h 18m 40s and 13d 9h 33m 13s

 
copy stats to clipboard


Last summer pre covid 2019 we peaked at 13,000+ a coin and blocks were 12.5 coins and the diff was 9.0t

the diff is now 16.79t  

price is 16k vs 13k I am rounding.


so 16.79/9 = 1.8655 harder 2 find a block and coins are ½ so 2 x 1.8655 = 3.731 worse for a miner factor price move to 16 from 13  1.23 better

so 3.731/ 1.23 = 3.03 worse the last summer when we hit 13k  do one more factor gear may be 50 watts vs 80 watts

so 80/50 = 1.6

3.03/1.6 = 1.893 x 1 worse for miner then july 2019 when we hit 13000.

long translation our 16 k price needs to be at  28-31k  for a miner to be doing as good as when we were at 13k last year.


How much pressure is that for upwards price or upwards diff  or both.

Basically your  anti-proudhon movement it the fun part for me to play head games with myself.

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November 11, 2020, 06:33:43 PM

This guy is so far behind that it's comical!

 https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material

"Ray Dalio, the founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.”"


common reaction of pre-coiners. I missed the train, that stuff must be criminal and that is why I didn't buy.



side note: bitcoin rises seems to correlate with USD loosing strength. 2017 for example was a very bad year for the dollar. the pumps of 2020 were also correlated in that way so far. I sometimes check not the btc price but the Euro/USD and it is sometimes correlated up/down to the same minute.  for the last few days though, the USD is getting stronger vs all other fiat currencies but bitcoin has risen anyway.  


16000 in 3...    2.... 1....
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November 11, 2020, 06:35:28 PM
Merited by 600watt (1)

Haven't been around here since 2 years. But before the ATH i need to log back on! Cheesy
vapourminer
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what is this "brake pedal" you speak of?


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November 11, 2020, 06:38:40 PM

I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.

But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.

Then we'll go into $16k for good.

remember when 16k was a big deal? now its just "meh"
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November 11, 2020, 06:40:18 PM
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I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.

But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.

Then we'll go into $16k for good.

remember when 16k was a big deal? now its just "meh"

Remember when we couldn't stay above 9k, over and over again?
philipma1957
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November 11, 2020, 06:49:11 PM

I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.

But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.

Then we'll go into $16k for good.

remember when 16k was a big deal? now its just "meh"

Yes as I show above it is decent for a miner but not as good as 13 k was in July of 2019
philipma1957
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November 11, 2020, 06:52:52 PM

I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.

But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.

Then we'll go into $16k for good.

remember when 16k was a big deal? now its just "meh"

Remember when we couldn't stay above 9k, over and over again?

yes and it was really borderline for me to:


 mine at 7500
 a grind at 9000
I will take these 15000-16500 numbers all day long
Toxic2040
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November 11, 2020, 07:00:31 PM

short fib change ups

#dyor




#stronghands


----

Haven't been around here since 2 years. But before the ATH i need to log back on! Cheesy

wb

+1 WOsMerit
Phil_S
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We choose to go to the moon


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November 11, 2020, 07:00:57 PM

We sure got there fast...

I expected modest gains, like maybe reaching 13k by the end of 2020.
JayJuanGee
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November 11, 2020, 07:06:18 PM

This guy is so far behind that it's comical!

 https://www.coindesk.com/bridgewaters-dalio-sees-governments-banning-bitcoin-should-it-become-material

"Ray Dalio, the founder and co-chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments will “outlaw” them should they start to become “material.”"

I watched that about three minute clip with Dalio.

Hm?  For some reason, I had thought that Dalio was one of the BIGGER traditional financial guys who was slowly starting to warm up to bitcoin, but apparently he is NOT getting it... and seems that part of the NOT getting it has to do with his being unable or unwilling to distinguish bitcoin from shitcoins.   He acts as if he knows the difference by creating two categories of analysis that involves bitcoin and other crypto currencies and then another category is central bank related digital currencies.   This is a very incomplete and even neophyte kind of framework, and it is difficult to know if he really thinks those things or is he faking his level of dumbness.

He also does NOT seem to get the difference between bitcoin and gold, either.  He seems to believe that gold is superior to bitcoin, yet his analysis in that direction seems quite incomplete too in terms of largely relying on a kind of presumption that gold is better because it is already known blah blah blah...

Sure, it is possible that he could learn in the coming years, but he is coming off as quite stubborn at the moment.. kind of coming off as a kind of Jaimie Dimon from 2014/2015.. and now, in recent times, Jaimie Dimon is actually coming around to bitcoin, no?  So could just be a matter of time, before Dalio starts to see the light.  Perhaps?  Perhaps?
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November 11, 2020, 07:09:08 PM

https://twitter.com/maxkeiser/status/1325764392294682625
600watt
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November 11, 2020, 07:10:46 PM
Last edit: November 12, 2020, 08:59:43 AM by 600watt

remember when 16k was a big deal? now its just "meh"

Remember when we couldn't stay above 9k, over and over again?

i remember when $100 was a big deal  Grin

it was easter of 2013. strolling down a beach at the Baltic Sea. snow on the beaches. checking the price as it went over $100.
bitcoiners know where they were...

Dec 2nd 2013 (at home, felt like a god of financial decisions)
Jan 15th 2015 (at home, felt like shit)
Jan 5th 2017 (picking up kids from gym)
Dec 15th 2017 (at home, god again)



there were numerous additional boom or busts, of which I know exactly where I have been. it actually helps me to remember things of the past in the right order.



edited
ErisDiscordia
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November 11, 2020, 07:14:17 PM

ladies and gentlemen. we are back in the top 20 of highest daily prices.


https://bitcointalk.org/index.php?topic=138109.msg55558514#msg55558514




That's usually a proven sign of a multi-year downtrend top, so I expect another 2-3 years trend toward $250 or so. Excellent shorting opportunity if you know enough science and math.

BRB selling all my coins

Tell me please, how were the other higher tops reached then??



The fnords did it - but they are gone now. Without them, Bitcoin is lost and so are you if you don't sell soon. Listen to the anarchist llama.

Haven't been around here since 2 years. But before the ATH i need to log back on! Cheesy

Welcome back. Just got here myself after months (years?) of being too bored by the price. Grab a snack (I hear golden delicious apples are all the rage lately) and enjoy the show.

I can't remember in exactly what thread, but R0ach was outed long ago as a bitcoin/shitcoin day trader on Bitfinex.

Oh the things one misses out on when in hibernation! Roach was a marvelous agent of chaos while suffering from a massive aneristic conspiracy-illusion himself. Sad to see him go. Good riddance!

Hail Eris!

Always remember, my children (except on Fridays) - It's all bullshit but that it was makes the flowers grow. Would you want a world without flowers?

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November 11, 2020, 07:20:16 PM
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See, I have a different take on all of this: that these kinds of financial personalities have always known the true value of Bitcoin for many years now.

It's all about their message to the public, based on what their wealthy elite "handlers" tell them spout.

It served the wealthy elite well to tell the public that Bitcoin was a financial scam and to stay away from it for the first 10 years. Why? Because that was when Average Joe could actually get Bitcoin "rich" with a very very modest investment. They are incentivized to keep the majority of Average Joes out there working until they die. (It's the same reason that tech startups don't trade on public markets at $0.10/share or even $0.01/share way before IPO)

But now? Not so much. Bitcoin's trajectory to higher multiples will likely be a much slower pace now. Average Joe would have to invest so much more now to become "rich", and likely that amount is out of reach for most of the masses.

So therefore now all these financial personalities are "turning the corner" and now saying that Bitcoin is not a scam, and a possible investment.  Roll Eyes
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November 11, 2020, 07:22:23 PM
Last edit: November 11, 2020, 07:32:25 PM by JayJuanGee


Yeah...

That is a step in the right direction for Roubini to at least recognize that there is a kind of immutable bitcoin algorithm that distinguishes it from various shitcoins... so little by little, Roubini might start to come around.. perhaps?  Perhaps?

I am not going to hold my breath.. and ultimately coming around is on him, and he might start to look like less of a fool.. Perhaps?  Perhaps?

Edit (seen Torque's response after my above post):  I don't buy Torque's conspiracy angle.. even though I can appreciate what he is saying regarding the difficulties of regular joes to get ahead when they are surrounded by "experts" but at the same time, regular joes are going to stay regular joes if they cannot figure out ways to engage in critical thinking - which is actually a thing that can be learned - either by going to college and develop those skills or through auto-didaction.. .a problem with auto-didaction is that there are so many ways that regular joes can get drug down pathways that are truly NOT helpful, and by the time they figure it out, they may well NOT have too many years left in their bodies in order to actually benefit from their having had gone through a process of self-teachings.
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November 11, 2020, 07:30:46 PM
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That's usually a proven sign of a multi-year downtrend top, so I expect another 2-3 years trend toward $250 or so. Excellent shorting opportunity if you know enough science and math.

BRB selling all my coins

Fnord.

BRB shorting Bitcoin at high leverage

Go, proudhon, go!


In case anyone may wonder at my fondness for art involving Venus (Aphrodite) with an apple, I am what men sheep call “evil”.  A wordy-man post with philosophic PROOF of my evilness is forthcoming in the discussion thread for the poll where you can VOTE, VOTE, VOTE for me as the forum’s “Antihero”.

Hey, goddesses, Eris was only trolling you!


Subject:  [WO] Bears, bulls, mellivores, and Venus contemplating a shiny fruit
Always timely.


An inadvertent riddle, which needed some explaining:
European culture in 1808:  Pauline Borghese (née Bonaparte; Napoleon’s sister) poses as Venus with an apple.


Fun fact:  Pauline had an affair with Paganini.

* nullius carries on simultaneous affairs a ménage à trois with Eris and Aphrodite—whilst courting the virgin Athena Pallas.
Athena Pallas: Virgin goddess of War and Wisdom
Nietzsche:  She and her sister Truth have rejected the advances of the philosophers philosophasters.

Photo: Jürgen Howaldt
I did not mention how hard I searched for a semi-nude of this virgin.

Whoopsie!  Troy got rekt!  Time for the goddess of sex to send forth her Trojan son to become the forefather of Rome.  Nobody accords to Eris the proper credit for starting this chain-reaction of creative destruction.  Poor Eris. :-(
Upon his arrival in Latium, Aeneas, blessed for victory by his goddess-of-sex mother, won himself a wife the old-fashioned way:  Killing his rival.  He then became the Latin king.

Protip:  When a nice guy wants a princess, he buys her diamonds
#ToxicMasculinity ♂ #MakeLoveNotWar ♂ #CodeOfConduct

(Image: Aeneas kills Turnus)

Hail Eris!

I'll just leave this here:

cAPSLOCK
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Note the unconventional cAPITALIZATION!


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November 11, 2020, 07:36:38 PM

My body is ready... Come on... Just a little bit more...

Bob, are you coins somewhere there?



Is that Gemini's depth chart?  That's the first question.
cAPSLOCK
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Note the unconventional cAPITALIZATION!


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November 11, 2020, 07:45:53 PM

Just gonna drop this here... hourly...

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November 11, 2020, 08:21:19 PM

Just gonna drop this here... hourly...



What's it mean, cAPSLOCK?

Dínoslo.
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