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

[ChartBuddy]

Explanation

[1714466027]

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[1714466027]

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[1714466027]

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[1714466027]

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[1714466027]

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[xhomerx10]

Good luck raising $1 billion in fresh capital in this environment
https://www.investopedia.com/genesis-warns-bankruptcy-6831768
How much is a Billion?
A Billion seconds is 31.5 years
A Million seconds is 11 days.

 I know, right?!
A Billion Iranian Riyal is 1 base model Kia Sportage

[Torque]

You'll get a break the last week of December and that's about it.

[Hueristic]

Taking down FTX hurt but now that we know how dodgy it was, you can't really argue it's a bad thing.

Going after Coinbase is another story. I don't know in what state it is, but I assume it's run more professionally than FTX. Also, if we're looking at dodgy things, what about BNB coin ?

Cz is a snake that probably just got his books straight after years of naked manipulation and wants to get called by out someone like Armstrong as he is now liquid for the first time.

He wants to make a big splash and reveal after stirring up some more drama is my guess.

Armstrong while being a snake himself is not dumb enough to play into CZ's hand.

China is also looking into buying El Salvador... https://www.theguardian.com/technology/2022/nov/15/china-el-salvador-economy-cryptocurrency-fall

The bitcoin losses are relatively insignificant to the overall debt, but the president’s determination to mock advice from the IMF to backtrack on his bitcoin policy has spooked international markets. When the ratings agency Moody’s announced a January downgrade in the country’s credit, Bukele tweeted: “Breaking: El Salvador DGAF”, an acronym of “don’t give a fuck”.

[ChartBuddy]

Explanation

[eXPHorizon]

Of course he does not give a fuck that was evident for the get go...

[Hueristic]

Good luck raising $1 billion in fresh capital in this environment
https://www.investopedia.com/genesis-warns-bankruptcy-6831768
How much is a Billion?
A Billion seconds is 31.5 years
A Million seconds is 11 days.

From what I read the other day the big issue is that Genesis lent 1 Billion to Its parent company Digital Currency Group (DCG) and DCG cannot pay it back as they lent FTX a few billion for a pile of shit coins.

I don't think this shit is even legal and it looks like they did this to get around laws that stop them from gambling investor funds.

I told a buddy a few weeks back to get anything he can out of gBTC with the #NotYourKeys tag but he will never get it.

I spent a good hour over a few beers trying to explain why you need to hold your keys and I got the "OK sure" answer and knew he wasn't going to sell that garbage and get real coins.

I'm sure next time we sit down he will tell me how he lost all his "Bitcoin" investment as proof he shouldn't have listened to me.

Whatever I give up on trying to help people.

I told him a year before the Silver crash to get rid of it and get corn, I told him to start getting rid of all the properties last year and get corn on this dip and then he announced he bought and just didn't get it when I told him he bought NOTHING if he holds gBTC.

But he was born well off and has saved alot during his life so he will be just fine but will never know how well he could have had it if he had just bought the corn any number of times he was told it was in a dip.

[ChartBuddy]

Explanation

[aesma]

Good luck raising $1 billion in fresh capital in this environment
https://www.investopedia.com/genesis-warns-bankruptcy-6831768
How much is a Billion?
A Billion seconds is 31.5 years
A Million seconds is 11 days.

What I find funny is that many websites survived the loss of big amounts of crypto to hacking, but they seem to be unable to survive losing fiat.

BTW why aren't they raising crypto ? 65000 BTC for example.

[goldkingcoiner]

♪ ♫ ♬I say, we can hodl if we want to
We can leave your friends behind
Because your friends don't hodl
And if they don't hodl
Well, they're no friends of mine♪ ♫ ♬

Ah, Safety Dance. Men Without Hats.

 I see what you did there.  

Men without hats indeed 

[eXPHorizon]

Nobody needs hats but the uncertain ones




call me Super Vegito

When you can Hear the GIF


https://www.youtube.com/watch?v=eWcXkRJ6Fms

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

Of note....in Houston, TX, real estate taxes are 'killing" me every darned year.
They are roughly 2% per year per current year RE value...you can have 3X of the house (in $) in Cali, 4X in Colorado for the same tax.
As valuation rises, that 2% becomes more and more. The only limit of increase is 10% increase max for the year, but if, say, property value increased 20% in a year, this means that you would get hit with 10% tax increase two years in a row, unless value drops in year 2.

But no income tax.

You have to pay somehow for the quality electric infrastructure...

are you being sarcastic?
if yes, OK, but usually it is stable (apart from when it was minus 4-5C in a subtropical situation).
if not sarcastic, then they have 8.25% sales tax to compensate for no state tax...we still pay federal taxes, though.

[ChartBuddy]

Explanation

[Biodom]

FYI: bottom estimate

Historically, there is a significant bottom (either local or the whole cycle) once difficulty significantly declines for at least two diffuculty periods.
Each period is about two weeks.
In the current period (ending in about 12 d 6hr) the projection is for about 8% decline.
Assuming that it would stay this way and the next one would be negative as well, then the bottom would be either at that time or +/-10-14 days.
Therefore it could be around Dec 19 plus minus 10-14 days.
Or, we might have had it already when we dipped to 15.5K.

[sirazimuth]

https://www.youtube.com/watch?v=oVj4kZF-Fgk

[philipma1957]

FYI: bottom estimate

Historically, there is a significant bottom (either local or the whole cycle) once difficulty significantly declines for at least two diffuculty periods.
Each period is about two weeks.
In the current period (ending in about 12 d 6hr) the projection is for about 8% decline.
Assuming that it would stay this way and the next one would be negative as well, then the bottom would be either at that time or +/-10-14 days.
Therefore it could be around Dec 19 plus minus 10-14 days.
Or, we might have had it already when we dipped to 15.5K.

we are lining up to october of 2018 in terms of diff tanking due to mining companies failing.

We are about 40 days off.

so if that keeps on that way we will bottom about Jan 2023. price would be close to 13.8

all based on mining with 6 cent power and top of the line miners. = break even

Mining floors usually hold and don't crack up with btc.

and we may not dip to 13.8k due to the 6 cent power number I used to get it may be more like 7.5 due to fuel and power price jumps.

that means we are pretty much there. as the duderino said a day or 2 ago. I purchased some btc then. like 15.8 or 15.9

[ChartBuddy]

Explanation

[eXPHorizon]

You better pay Respect to the ADVANCED Electrical infrastructure because it is the way of the next GEN Energy. And that Energy is something else


https://www.youtube.com/watch?v=NdLTEC6X3pk&t=139s


it is A.I controled but that A.I is not A.i it is C.I