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

[serveria.com]

I dunno...$18k-$19k seems to be a top retail price for most. Seems most dont want to buy at higher prices.  Just institutions sucking up all the mining supply.
Anyway..best guess on a possible correction pattern.

#dyor

D

#stronghands

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

[serveria.com]

Until a couple of days ago, I was expecting some kind of swing action between 14.5k and 16k, possibly until the end of the year. Now I see similar patterns on the hourly, the 4 hour and the daily: higher highs, lower lows. Nothing exact, of course, because she follows her own rules anyway. So it's strictly SOMA, but this could be the bull run we've been waiting for a while. I don't mean the ultimate bull run (will there ever be one? I suspect and hope not), but something echoing 2017-2018, with unexpected* highs in late December/early January, and a sensible correction soon after that. We'll know soon enough I guess: as soon as the past ATH is broken, it's going to be FOMO all the way.


* speaking from a normie POW

Well I could buy this one... if we'll break ATH FOMO is inevitable... 

[Toxic2040]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

[serveria.com]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

[itod]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

This looks true to me. Hands that buy through PayPal are week, they'll panic out and sell on the first dip. PayPal is good for bringing hype around BTC and nothing else, serious fresh money has to come from investment funds.

[_javi_]

I just destroyed over 1,000 bitcoin days myself, but I didn’t sell any..

Me too.. I moved 18500usd paying a 10cent fee

[Toxic2040]

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

This looks true to me. Hands that buy through PayPal are week, they'll panic out and sell on the first dip. PayPal is good for bringing hype around BTC and nothing else, serious fresh money has to come from investment funds.

Do you think pp buyers are hunting thru interweb forums for signals? And they are daytarding? Hmmm...hadnt thought about that possibility actually. I think I have been pretty clear about doing ones own research. Probably better safe than sorry however.

Appreciate the feedback.

[Cryptotourist]

1200/20000 in 2017 was 6%
510/18000 is 2.83333 %

Why do you insist on using US dollars?
If your goal is to acquire more BTC, then you should really use the BTC pairs.

In 2017, ETH/BTC pair was @0.152 BTC per ETH on June the 8th, or $404.99 at the time.
If you sold your ETH for BTC then, that would have been great.
On 11th of January 2018, ETH hit $1594.89 ATH, but at the same time its value in BTC was ~ 0.1
Now if you had sold 1 ETH on the 8th of June, kept the BTC for a few months, and sold it @19666, what would have been the outcome? ~$2400 for that single ETH?

This is a perfect timing example of course, but it is what it is.

And my opinion is that this will continue onwards for at least 40 days.

Currently ETH is still in a downtrend, so you must mean, after 40 days.

Satoshi came up with it.

Well he didn't know about ETH at the time, did he?


Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

F*CKING SELL! RIGHT NOW! 

Good.
That noob should never had bought BTC, in the first place. Oh wait, he didn't.

[bitserve]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

Is it that much different than all the people mining FIAT with their workforce to buy Bitcoin? How did you buy yours? Do you even mine bro?

I know you do.. or did... but had to say that

[philipma1957]

1200/20000 in 2017 was 6%
510/18000 is 2.83333 %

Why do you insist on using US dollars?
If your goal is to acquire more BTC, then you should really use the BTC pairs.

In 2017, ETH/BTC pair was @0.152 BTC per ETH on June the 8th, or $404.99 at the time.
If you sold your ETH for BTC then, that would have been great.
On 11th of January 2018, ETH hit $1594.89 ATH, but at the same time its value in BTC was ~ 0.1
Now if you had sold 1 ETH on the 8th of June, kept the BTC for a few months, and sold it @19666, what would have been the outcome? ~$2400 for that single ETH?

This is a perfect timing example of course, but it is what it is.

And my opinion is that this will continue onwards for at least 40 days.

Currently ETH is still in a downtrend, so you must mean, after 40 days.

Satoshi came up with it.

Well he didn't know about ETH at the time, did he?


Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

F*CKING SELL! RIGHT NOW!  

Good.
That noob should never had bought BTC, in the first place. Oh wait, he didn't.

here is the deal dollar per watt is how I pay the power bill.

so
 if gpu to eth to btc cost me 1 dollar to get 2 dollars worth of btc
and asic to btc cost me 1.5 dollars to get 2 dollars worth of btc

mining eth is better.

Most people on this thread buy and hodl or trade a bit. some mine.

I Never said I hodl eth.
I look at power cost to get btc.

Since power cost is in usd for now I base on usd.

this is about power cost for me. not eth. or doge or ltc

I don't care about those coins other then their ability to get me btc cheaper then directly mining btc.

Look if you don't mine and want to avoid all coins,  but btc I am fine with that.



to be fair as soon as I can pay my power in btc I will no longer show usd numbers

[cAPSLOCK]

I dunno...$18k-$19k seems to be a top retail price for most. Seems most dont want to buy at higher prices.  Just institutions sucking up all the mining supply.
Anyway..best guess on a possible correction pattern.

#dyor

D

#stronghands

You just drew exactly the way I have idealized this to go.  I think in part based on the idea that it mirrors 2016's drop after breaking the 1K ATH. 

The two thoughts that make me wonder are:

-  It happened once that way... why would it just do it again?
-  This is a different game.  The players have a different strategy, and MORE CASH.

[d_eddie]

d_eddie, that 15000 hat of yours, is so out of style.

15k stable
end of year brings ATH
time to change my hat

#haiku

That's right, sorry I'm lagging behind. Need to poke our Official Hatter

[philipma1957]

back to new records.   all from this thread link

https://bitcointalk.org/index.php?topic=138109.0

nov 2020 is the only month to always be over 13,000

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  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710  Nov 2020 the only month to ever stay above 13,000

Nov 6   to Nov 21

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  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710 longest streak over 15,000

[aesma]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

You can't mine BTC with GPUs right now. You need to buy expensive ASICs, that become worthless quickly.

I got my BTC stash in 2013 by mining LTC and selling it for BTC. I never cared for LTC, but that was the way to do it with less risk back then, and even truer right now, because at least the PC hardware was worth something when mining wasn't profitable anymore.

[philipma1957]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

You can't mine BTC with GPUs right now. You need to buy expensive ASICs, that become worthless quickly.

I got my BTC stash in 2013 by mining LTC and selling it for BTC. I never cared for LTC, but that was the way to do it with less risk back then, and even truer right now, because at least the PC hardware was worth something when mining wasn't profitable anymore.

I know but you just can't make them understand how good

gpu to eth to btc is at the moment.

Buy a new card 3 year warranty. I still mine with 1080ti's from dec 2017 and they turn profit.

[Searing]

I feel like such a fag right now.

Bought $500 worth of corn on Paypal, for, reasons (?) and it's now worth $503 or something.

Winning ?

EDIT: OK. Bought another $500 worth of corn on Gemini to cleanse my spirit, and balance the karmic scales.

I bought $100 on paypal today also, bought like $50 about 2 days ago....so now if i have 'duboius' spending urges I just buy some paypal btc I guess

rather than a 'dubious' Amazon product/book/or whatever

progress of a sort I guess...though...with paypal the only way out is to spend the above..but hey....showing it is worth $156.80 above fees etc

win/win

brad

[Biodom]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

You can't mine BTC with GPUs right now. You need to buy expensive ASICs, that become worthless quickly.

I got my BTC stash in 2013 by mining LTC and selling it for BTC. I never cared for LTC, but that was the way to do it with less risk back then, and even truer right now, because at least the PC hardware was worth something when mining wasn't profitable anymore.

I know but you just can't make them understand how good

gpu to eth to btc is at the moment.

Buy a new card 3 year warranty. I still mine with 1080ti's from dec 2017 and they turn profit.

People in general have no idea how it was done way back when and even now.
Granted, you need a significant number of cards to produce something significant, but to mine eth to exchange for btc is totally legit.
Sometimes you mine a failure like that grin fiasco (so far), but if you have a spare GPU-why not (in reference to eth, then exchange)?

[SiNeReiNZzz]

[JohnBitCo]

[xhomerx10]

Sorry, I'm slipping a bit lately.  Made this one a week ago but forgot to post it. 

Introducing BlackHatCoiner



avatar-sized



Welcome to the WO thread!