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

[fillippone]

.....Now Italy has voted for populists in the hope they can do something. That will end it tears, most probably.

Gee, I wonder why??


https://en.wikipedia.org/wiki/Demographics_of_Italy

In reality, it has little to do with it.
It's the dividend of being at the opposition during the difficult time of the COVID and energy crisis.

But good luck to Giorgia Meloni and his friends this winter, when things will inevitably heat up! (pun intended!).

[1679869754]

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[1679869754]

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[ChartBuddy]

Explanation

[gallianooo]

It is quite unlikely that the amounts would get any higher if I am involved in the bet, but if other members want to get into our bet, then the amounts could get higher, and maybe even we could reach gallianooo's wish for a 1 BTC bet, but really I am suspecting that he is proposing a 1 BTC bet because he is trying to get out of actually making a real bet.. .that's my tentative speculation why he proposed (I was going to say "that dweeb" but I will be nicer, for the moment in order to keep the dialogue open.. . hahahahaha) a 1 BTC bet amount. blablabla.

JJG...

You really speak TOO MUCH, and you are moving around...

Yes, i said 10%+ chance for 10K$ below and obv. we dont have the bottom yet.

Then YOU started to talk for a bet. You talked as well about 14K$, then bit more, but not on the 16-17K$. I just did an average of what you said (16.5+14)/2=15,250

We are both in BTC since almost 8years or more. Come on, we are not at the kinder garden to bet the snack break... I'm quite disappointed of what you said after being kind of swagger but wants to bet some peanuts.

So maybe next time, stay away on these kinds of affirmation and proposition.

Have a good one'

[ChartBuddy]

Explanation

[ivomm]

Almost an year ago on 1.May.2021 the EUR/USD was 1.22. And now it is 0.966, which is a 20.8% crash! If BTC/USD is unpredictable in the next 2.5 years, even more unpredictable is BTC/EUR which is way more important for us the EU citizens. I mean, after 1 year there might be still the same circumstances in play and EUR/USD be even lower. Or the war be over and EU economy gets stronger. So, it is quite possible that in 2 years EUR/USD will be again above 1.20. And if the bear market continues and we bottom at 15K-ish that would mean extremely low prices in EUR like 10K-ish. This is the worst case scenario from hodler's perspective and the best from hardened EU DCAers. Or, it may happen exactly the opposite - disbelief rally to 40K+ paired with EUR/USD around 0.8. Which means getting closer to a new BTC/EUR ATH in a bear market!  

tl;dr. There is absolutely no way to reliably predict BTC/EUR, so better be prepared for both scenarios. This is applied similarly to BTC/GBP.

[cAPSLOCK]

I usually have some idea where we are headed.  I am frequently wrong.  Lol.  But I have no idea right now.  World currency markets... China commanding central banks to start buying stocks... rumors of coups, populist victories in the EU, markets in major flux.

Bitcoin kicking out blocks ~10:09  minutes each...  hashrate near ATH.

Cornfused.  Ah well, my strategy remains the same, lol.

[ChartBuddy]

Explanation

[philipma1957]

I usually have some idea where we are headed.  I am frequently wrong.  Lol.  But I have no idea right now.  World currency markets... China commanding central banks to start buying stocks... rumors of coups, populist victories in the EU, markets in major flux.

Bitcoin kicking out blocks ~10:09  minutes each...  hashrate near ATH.

Cornfused.  Ah well, my strategy remains the same, lol.

https://www.bitrawr.com/difficulty-estimator

Latest Block:   755794  (2 minutes ago)
Current Pace:   98.4479%  (1811 / 1839.55 expected, 28.55 behind)
Previous Difficulty:   30977051760460.06                            
Current Difficulty:   32045359565303.14                            
Next Difficulty:   between 31548393368118 and 31553453190391

Next Difficulty Change:   between -1.5508% and -1.5350%

Previous Retarget:   September 13, 2022 at 3:28 PM  (+3.4487%)
Next Retarget (earliest):   Tomorrow at 8:43 PM  (in 1d 10h 39m 1s)
Next Retarget (latest):   Tomorrow at 8:46 PM  (in 1d 10h 42m 19s)
Projected Epoch Length:   between 14d 5h 14m 32s and 14d 5h 17m 49s

and bitmain is selling a 100th s19 pro for 1900 with a 30% coupon off next purchase

this is a lot like 2018

i am more prepped. we now have put in a 260-280 kwatt solar system.

this will provide 45-48 kwatts 24/7/365

that is 15 to 16 s19 pros with no power cost.

roughly 1500-1600 th

which is now just about 100 usd in btc. since solar is a sunk cost and generous programs ie subsidized money the solar is basically free cost and free power.

so at the shit price of coin right now we will make 36500 worth of btc in the next year or 2 btc

this does not include the other prepaid power or other gear online.

so we are expanding in a bear market with low risk.

when and if the raise the rates ends bull comes back for btc.

but-in the meantime my bond assets are whaling.

I am properly hedge with bond to gear ratios changing as i type.

I also have a huge amount of gpus which are mining at break even have to wait them out for now.

Lot of fun playing with this.

And I have managed to create a huge capital loss for 2022 which will help in future years when I want to cash my holdings.

[cygan]

[ChartBuddy]

Explanation

[eXPHorizon]

Man i hate these kind of folks when they keep talking and talking and talking.. taking up whole hours or threads but they dont say anything with their talking.. what a nuiscance

[ChartBuddy]

Explanation

[BobLawblaw]

Greetings bulas

[ChartBuddy]

Explanation

[OgNasty]

Bitcoin holding up pretty well considering the currency crash that is currently happening globally. I guess if you aren’t American and your currency is crashing hard, then maybe Bitcoin is beginning to look like a safe haven. Valued in US dollars though, it would appear that cash is still King. I have a feeling we’re in for some pain ahead as things begin to normalize in the near term.

[Ami0]

₿itcoin is the pin.
Everything else is a bubble.



https://twitter.com/BTC_Archive/status/1574446622754365445?t=izUPP64wVRygJpoXeShx7g&s=19

[MusaPk]

Bitcoin holding up pretty well considering the currency crash that is currently happening globally. I guess if you aren’t American and your currency is crashing hard, then maybe Bitcoin is beginning to look like a safe haven. Valued in US dollars though, it would appear that cash is still King. I have a feeling we’re in for some pain ahead as things begin to normalize in the near term.

Yes that true but the real issue is majority are busy discussing about future of bitcoin from here on. Some says it's bottom, while some says it will go further down to 14k or 8k and bla bla.
You need to have trust in bitcoin and that trust should based on historical price chart of bitcoin. Bitcoin always hit back strongly after a fall back.
Cygan picture very well sums up the current scenario.

[ChartBuddy]

Explanation

[JayJuanGee]

.....Now Italy has voted for populists in the hope they can do something. That will end it tears, most probably.

Gee, I wonder why??

https://en.wikipedia.org/wiki/Demographics_of_Italy

The Italianos are like rabbits over there.   

I heard you guys like to talk about 200-week moving average.... ok but to me bitcoin is different may be this is is good for stocks but you can't put those formula here to get similar results anyway still its a good graph for the eyes staying below the line like how many? 3-4 months now?

How about a dip to 12k-14k and then 10x?


https://twitter.com/100trillionUSD/status/1574335198682316800

Sure.. anything is possible.

Are you trying to weasel in on the gallianooo-side of the current contemplated bet?

What odds are you giving to $12k-$14k?

[xzy887]

The Top 10 levels of Bitcoin adoption this year:

1. Vietnam 🇻🇳
2. Philippines 🇵🇭
3. Ukraine 🇺🇦
4. India 🇮🇳
5. U.S 🇺🇸
6. Pakistan 🇵🇰
7. Brazil 🇧🇷
8. Thailand 🇹🇭
9. Russia 🇷🇺
10. China 🇨🇳

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