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Question: When will we see a new ATH?
2023 - 50 (23.9%)
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2026 - 4 (1.9%)
2027 - 2 (1%)
After 2027 - 3 (1.4%)
Never - 9 (4.3%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26084282 times)
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September 23, 2022, 07:06:57 PM
Merited by JayJuanGee (1)

Today's the day. Rigged markets are coming with one last big short push. Stonks, PMs, Bitcoin all getting hammered hard.

The insiders know that even if the Fed raises rates another time or two, they would be absolutely suicidal to raise another big hike like 75 or even 50 bp.

The Fed won't be able to maintain high rates for long, as the world economies will absolutely melt down.

As soon as the Fed sees the mass layoffs they so desperately want to see, they'll pivot like a mf'er. And the insiders know it.

This is bottom fishing time. If you want bitcoin, now's the time to buy it.

Really? But some people saying miners are still in profits and price will go below or break even to that points. I would not mind to wait for some more time before taking another entry. Targeting around 13k for my final entry though i am not sure price will go that far or not. But i wants to take that chance because the reason i already mentioned at first line.

More bad for short term price news


1 trillion in ssn goes to 1.09 trillion
323 billion  in fed pensions goes to  350 billion
2.2 trillion in fed  salaries goes to 2.4 trillion


and load knows how many 9.62% I bonds were purchased

and if I bonds go to 12% holy shit what then.

I think we see a possible 500 billion in found or extra money being released from now til April.

you have the

 I bond number oct 1
 SSN number--------Jan 1
 Fed pension Number -- Jan 1
 Fed salary Number ---- Jan 1

all add to make inflation worse.

I see  more hikes going till  Feb 1 or March 1

Then rates may drop.


good long term below:

oh bitmain has a really good sale on the s19 pro miner

https://support.bitmain.com/hc/en-us/articles/10687719622681

this miner will come about oct 20 and come with a 30% off next unit.
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September 23, 2022, 07:16:58 PM
Merited by JayJuanGee (1)

I was looking at bitcoin mining companies (hint: they arent doing well).  I always thought publicly listed mining companies were trash, especially since none (?) of them return any money to investors through dividends or whatever.
Then I came accross Hive Blockchain.  Holy moly, I calculate 100-150million in assets (coin, miners, etc), but its worth almost 500 million.  But get this.

"Of these 21.5 MW, approximately 14.8 MW are comprised of legacy GPU cards (primarily AMD Radeon RX580 cards)"  Someone correct me if i'm stupid with math, but that's like 120 000 RX580s.  Apparently they have 3cents power, so all that 14.8MW makes about net 500$ profit a day.

They say their company is "undervalued"  Grin  If Bitcoin falls further, with difficulty increases, we might see a similar scenario play out with big bitcoin miners next year or something, or near halving if price doesnt go up.  Maximum pain is still ahead of us I believe.  That ain't a bad thing btw.  Got to have a little rain to make a rainbow
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September 23, 2022, 07:57:35 PM

BTC will shut their mouths and they will They will lick their own ass۔
Wow....

How is that possible?   ....I mean to lick ass with your mouth shut ?  ..and your own ass at that...

I'm by far no expert in that regard, but I'm willing to learn..  please share some of your knowledge..

There's an art to the use of a variety of "mixed metaphors," if we might be so graciously liberal to attempt to interpret the profundity of ThemePen's posts as such.. even looking back at his description of his kiddie bowling link as the "puppets knocking down the bottles."

hahahahaha

We should strive for some language discipline, no?  Our attempts at art should at least have some semblance of reality or we may also finding ourselves into the gutters of shitcoinlandia....

My horse riding days are behind me. Getting older and don't want to risk a Christopher Reeve kinda situation. Safer to drive around the property on a 4 wheeler John Deere Gator. And can carry more practical load than horseback.
The horse's strength is now only needed in the body. No one in this modern civilization depends on horse to transport anything. Now everyone uses four wheelers for transportation. Because cars can transport more and more safely than horses.

Oh my...  Roll Eyes Roll Eyes Roll Eyes

Have you heard of "terrain?"


Of the several differences between USD and Bitcoin, which one would you choose now? because in general both are also very much needed.

You are starting out your post by coming off as a "know it all."  Was that your intention?

In other words, why are you trying to stick us into a box in which we have to choose one or the other.  Why not both?

The reality of our current world is that we do have the option of both, and most likely if we are attempting to protect our own interests, we better fucking be choosing both.. or at least figuring out some kind of a reasonable and prudent allocation to both - and it is not even locked into exactly any specific time because if we choose to allocate 0% and 100% today, in a few days we can change our mind and we could choose to allocate 10% and 90%, or whatever other ratio that each of us would like to choose (or even be forced to choose in a different way at a later time, if we make poor allocation choices at earlier points in time.. or we can be stubborn or ignorant about it, too.. that's a choice, no?).

As many people know that any traditional currency has special characteristics which Bitcoin does not have because Bitcoin is not supported by any authority.

Yes.. those are quite likely features rather than bugs.  I am not saying that bitcoin does not have faults, but you seem to be going down the path of wanting to criticize bitcoin for some of its central design features, and you are likely not going to get very far in these here parts with those kinds of arguments because many of us have likely been studying the bitcoin space way longer than you (your arguments show a kind of presumptive naivette in terms of your trying to patronizingly 'splain to us how you know things that we do not know)..

Features of traditional currency:
  • Divisible — can be converted into smaller pieces for specific uses such as paying a certain amount or micropayment.
  • Non-consumable — cannot be consumed for purposes other than the exchange of value.
  • Portable — can be easily carried around.
  • Durable — doesn't wear out or depreciate over time or under certain conditions.
  • Secure — cannot be faked.
  • Easy to transfer.
  • Rare — cannot be replicated indefinitely.
  • Fungible — each part has the same value as its equivalent.
  • Recognizable — recognized and accepted as a means of transaction.

These are not exactly completely true.. even if you want to present such purities in regards to fiat.  Merely because you say these things do not make them true.. It would likely be a waste of time for me to go through each one of these categories..

As for Bitcoin as a whole, unlike traditional currencies:
  • Has no central authority claiming it supports money.
  • Is subject to deflation due to artificial scarcity, while central banks can print more money at any time.
  • Whether every transaction is forever recorded on an immutable public ledger.
  • Requires transaction fees to be paid to miners.
  • Transactions are carried out over the internet and include a public address.

Again a lot of deficiencies in your categories and your descriptions, and even though I appreciate that you were not afraid to specify bitcoin, it seems that you neither know what is bitcoin if we were to be referring to onchain bitcoin versus various second/third layers or even that you might be describing some features/dynamics that are not really bitcoin specific, such as referring to shitcoin features.


Oh?  I see since you are pretty much copying and pasting from that cited article.. these are not really your ideas anyhow..

I feel like I just wasted 15 minutes responding to this lame bullshit.  There are a lot of lame articles out there.. including the one you cited as your authority CageMabok.
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September 23, 2022, 08:01:17 PM


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September 23, 2022, 08:20:39 PM

Why are the shitcoinairs trying so hard to attempt to merge Bitcoin and other coins and trying to create a semblance between Bitcoin and altcoins and trying to create a battle between USD and Bitcoin when both can co-exist independently and exist in the same economic system without one have to give way to the other.

BTC is a better alternative and not shitcoins!
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September 23, 2022, 08:31:36 PM
Last edit: September 23, 2022, 09:25:00 PM by JayJuanGee
Merited by El duderino_ (15), fillippone (3), shahzadafzal (1)

BTC will shut their mouths and they will They will lick their own ass۔
Wow....

How is that possible?   ....I mean to lick ass with your mouth shut ?  ..and your own ass at that...

I'm by far no expert in that regard, but I'm willing to learn..  please share some of your knowledge..
Hehehe... Savage Gachapin.
Everything is possible.
You are a Bitcoin Retard.
You won't understand.

Everything is possible?

You sound like a shitcoiner, Crypt0S0ul.

Vitalik?  Is that you?


Helo frens.

How iz ur traed?
I like your attempt at dissimulation to steer away from the sp(a)ying all seeing A..I over the webz. That is why I write " BTCiTcoin " as JJG does not understand, to not appear between the lines of code.    Roll Eyes   Roll Eyes
Well you better improve your communication skils then (if we can be so bold as to label what you are doing as such?).    Angry Angry Angry
You know I do not rly care much about a JayJuanComputer understanding or listening to what I say.    Roll Eyes   Roll Eyes  ... I will eventually come often to pee on its grave.     Cheesy    Cheesy

Oh gawd...  Roll Eyes Roll Eyes

TLDR: "I don't care but I do."

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

At least there is some humour here today.  Wink


REALLY!!! You can't even go back 2 Fucking pages!?!?!

Probably where he got the idea from, lol.

I'm making it a policy not to merit any account in the WO with under 100 merits, or 200 merits, or just if I feel like you are here to merit farm... go get your rank-up merits elsewhere, and come back after you've had time to develop the knowledge necessary to contribute worthwhile discussion.

Nancy!!!!!   Is that you?

[edited out]
Exactly! You'll need expertise to discuss conspiracy theories, Covid, Russia-Ukraine war (aka ww3), John Deere stuff, butthole tanning and some gay xmas cards with WO regulars!  Grin

That's the spirit!!!!



Sorry I'm too dumb.

You can say that again.

[~root of JJG stolen idear~]
sometimes I just wanna feel like a kitten playing with yarn ...
No!!!!

Don't do it.. Next thing you will be bringing in dead squirrels as "gifts".
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September 23, 2022, 09:00:17 PM
Last edit: September 23, 2022, 10:23:13 PM by Gachapin
Merited by JayJuanGee (1)

Why are the shitcoinairs trying so hard to attempt to merge Bitcoin and other coins and trying to create a semblance between Bitcoin and altcoins and trying to create a battle between USD and Bitcoin when both can co-exist independently and exist in the same economic system without one have to give way to the other.

BTC is a better alternative and not shitcoins!

Bitcoin has POW  ...in fact it's the strongest POW network on earth.

Energy is limited.

It's extremely difficult run a second BTC, because you cannot inflate energy.

But you can inflate the number of non-POW shitcoins to infinity.


Right now, no shitcoin can possibly reach Bitcoin's unique power physically.  So shitcoiners try it at least verbally, hoping to dupe enough people into buying their trash.

Lacking own real power, shitcoins are desperate to present themselves as being unique. That's why they gather around and compare themselves to the most powerful player which is BTC.







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September 23, 2022, 09:04:54 PM


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September 23, 2022, 09:06:05 PM
Merited by fillippone (3), vapourminer (1)

the afternoon wall report


the sea of red continued today for legacy and most other markets as a strong US dollar wrought havoc on the major indexes and most foreign currencies....the UK pound falling to a 30 year low with the DYX up 1.5%
bitcoin weathered most a the storm this week fairly well, down -2.5% on the day and giving back gains on the week

oof da may

very frothy markets....but am impressed with bitcoins relative stability is about all I can say atm
hodl on and see where things land...volatility will remain entrenched into Oct methinks

dyor

4h



D

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September 23, 2022, 09:13:08 PM

We just might see the heavily hailed Greta Great Reset develop in front of our eyes..  

I'm already thinking about how to answer "What did you do back then?" to my descendants. I can just hope they will have a nice life with the coins I leave them



I think this is the best reason why I am stacking sats.
I don't want my heritage go and piss on my tombstone : "You stupid ass, what were you doing in 2009? You were playing Halo, weren't you? Why didn't you buy Bitcoin? Whey weren't you stacking sats in 2022 during the crypto winter??"

I want them to go to my tombstone and..."Good ol'fillippone: fucking legend".
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September 23, 2022, 09:29:34 PM


Sorry I'm too dumb.

You can say that again.


it's not so easy to speak about my inner self repeatedly..  but time will come


[~root of JJG stolen idear~]
sometimes I just wanna feel like a kitten playing with yarn ...
No!!!!

Don't do it.. Next thing you will bringing in dead squirrels as "gifts".


I probably already have by replying to several merit beggars recently. 

God forgive me... https://www.youtube.com/watch?v=lObLyBLwERI
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September 23, 2022, 09:58:05 PM

Dark humor: Although the actual image was showing US Govt. employees were being evacuated by helicopter during the Fall of Saigon in 1975. Here instead of Vietnam it's Faitnam and escape from it is not an easy task too.


https://twitter.com/sonofsats/status/1573346165994799105
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September 23, 2022, 10:04:50 PM


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born once atheist


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September 23, 2022, 10:31:36 PM
Merited by JayJuanGee (1)

.....

Bitcoin has POW  ...in fact it's the strongest POW network on earth.

Energy is limited.

It's extremely difficult run a second BTC, because you cannot inflate energy.

But you can inflate the number of non-POW shitcoins to infinity.


Right now, no shitcoin can possibly reach Bitcoin's unique power physically.  So shitcoiners try it at least verbally, hoping to dupe enough people into buying their trash.

Lacking own real power, shitcoins are desperate to present themselves as being unique. That's why they gather around and compare themselves to the most powerful player which is BTC.

......

Totally agreed,
But here's the thing... (I've paraphrased/posted this before) yes, shitcoins wouldn't have any value were it not for bitcoin.
Unfortunately, and very sadly, that statement in reverse has considerable merit. 
Think about it.
Don't get me wrong, I'd love to see shitcoins evaporate ... but it's not gonna happen. As long as King Daddy rules/exists, the shitcoins will too. Deal with it.
(we can't advocate outlawing them, that's against libby ideology ain't it?)

(bracing myself for the inevitable batslaps and the like)
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September 23, 2022, 11:31:05 PM
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...

JJG 627118

Yeah, I've seen the Citadel but just now noticed the ranks (as nobility) just to the right of the mount.

I suspect we all wish we were one or two levels higher than we are now...  LOL
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September 23, 2022, 11:51:51 PM
Merited by nanobtc (1)

...

JJG 627118

Yeah, I've seen the Citadel but just now noticed the ranks (as nobility) just to the right of the mount.

I suspect we all wish we were one or two levels higher than we are now...  LOL


and the top is vacant

rip Bogdanoffs
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It's all mathematics...!


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September 24, 2022, 12:07:38 AM

Gotta ta buy a hydroelectric plant when real estate dumps next year before the 2024 halving ...  Grin
Upstate New York's oldest plant started mining Bitcoin last year because national grid wanted cheap electric.... love it . Old article but worth the read .
Cheers holders n miners  Cool
https://news.bitcoin.com/123-year-old-hydroelectric-plant-sees-new-life-mining-bitcoin-revenue-3x-higher-than-selling-to-the-grid/
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