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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26928971 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 1 users with 9 merit deleted.)
Popkon6
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December 21, 2022, 04:05:35 AM

The evolution of money



https://twitter.com/MemeingBitcoin/status/1604835801304649733?t=sdKXJE2ju7_Y2bAYQ-TBdg&s=19
ImThour
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Bitcoin Bottom was at $15.4k


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December 21, 2022, 04:48:50 AM
Merited by JayJuanGee (1)


https://twitter.com/WatcherGuru/status/1605423363362537473
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December 21, 2022, 05:01:17 AM


Explanation
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Self-Custody is a right. Say no to "non-custodial"


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December 21, 2022, 05:22:12 AM

Funny how you are able to frame a restart in such a Cryptotourist dominant way - especially when you went out with a kind of cat's-got-ur-tongue whimper in our last battlito.
Don’t you just love the art of war!
Everybody claims whatever, and draws their own bubble conclusions.
BTW, you were 18-3 down before our last battlito.
#I.dominant

oh gawd....  Roll Eyes Roll Eyes Roll Eyes

Maybe you do need a head-start though?
Like a kind of 3 to 1 handicap.
It’s not called a “head start”, when I absolutely own your ass already. Grin

Yes... another way of suggesting that one of us suffers from delusions of grandeur.





Off to the trenches now.
I’d like to re-debate to what extend - the Bitcoin network hashrate drifts in parallel with Bitcoin’s price action or not.
I think we can both agree, that if [extreme example] the hashrate were to fall to zero - Bitcoin’s price would fall to zero.
Similarly, if it were to go bonkers, the price would follow up wildly too.

Hashrate follows price.  Not the other way around.

Sorry that I have to be the one to inform you of such news.   Tongue Tongue

I’m more interested in the smaller time frames tbh.
Does the price follow the shifts in the hashrate, does it front-run it, or does it back-run it?
Last time we debated this, you sort of convinced me, but now I’m having second thoughts.

Well, if you are looking at the matter from the wrong direction, then it is going to seem confusing...

and yeah, even though hashrate follows price, the hashrate can get ahead of the matter, and there are other games going on with hashrate too.. so in the end hashrate is only one of the factors, anyhow.

BTC price is affected by all kinds of matters, and the miners are playing their own little games.. and for sure, a lot of miners had a very good year on 2021, so they are kind of paying for that now, in terms of some of them overextended themselves and ended up gambling on the BTC price not going down as far as it did.. but that does not stop other miners (more efficient ones) from forcing out the less efficient ones.. including that some of the equipment that they bought went online during  a downward move in BTC price.

Me thinks that when hash ribbons turn green again [currently in a red dip], we’re going to pump through $20k [Feb-March].

There could be some relation in terms of purging out as many of the inefficient miners as possible.. but there are other things going on, so you are likely going to end up with wrong conclusions (just like Philipma) when you get too obsessed with putting too much weight into the wrong factors - such as ideas of hashrate affecting price.


[yeah, sorry for using Kraken BTC/EUR pair instead of Bitstamp, not]

Either way of using Kraken, the Euro or you could even use moon rocks, it does not matter. 

You are like the plato allegory of the cave dwellers in the cave watching shadows on the wall and striving to assigning significance to mumbo jumbo.  hahahahahaha

 Cheesy Cheesy Cheesy Cheesy Cheesy

Go figure in your lil fantasylandia...

Or not.  ....................

                                                         .......I don't care.  You can weight whatever factors and/or indicators that you like in terms of attempting to figure out what you are going to do or not do in your anticipation of BTC price direction.. health of the network or whatever it is that you are trying to figure out with such gobbledy-gook..

Be Like JJG ~

Gosh, that sounds like a threat!
Of course I have nothing against DCA-ing, but how about also chunk buying the bottom?

Yes... you can buy the dip instead of DCA.

DCA is more like a beginning accumulation strategy, but of course, DCA can be applied at other times too.. and also DCA can supplement a buying the dip strategy.. especially when we are at historical low prices, like now, relative to the 200-week moving average, which is now about $24.3k

BTCitcoin $16.9k<$21k in 31 Dec 2022

What is that supposed to mean?

Have you been following the 'vices of Cryptotourist?

 Cheesy Cheesy Cheesy Cheesy Cheesy

I'm referring to spoiken dae gobbledidy


'Splain ur lil selfie.

Did Cryptotourist get another one of you?
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bitcoin retard


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December 21, 2022, 05:29:20 AM


seems they grew too quickly carrying too much debt...




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December 21, 2022, 06:01:20 AM


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December 21, 2022, 07:01:17 AM


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OutOfMemory
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December 21, 2022, 07:25:19 AM


Cuz' "it's going up forever", right?
(Just not in a bear market)

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December 21, 2022, 08:01:16 AM


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Privacy Servers. Since 2009.


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December 21, 2022, 08:48:12 AM
Merited by JayJuanGee (1)

Not sure if this had been posted before: https://www.bbc.com/news/technology-60576373

Now it's clear why they want Binance to collapse. You go against the system you die. What CZ did was he just refused to rob Russian users  Huh
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December 21, 2022, 09:01:21 AM


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December 21, 2022, 10:01:18 AM


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December 21, 2022, 10:19:56 AM
Last edit: December 21, 2022, 10:32:02 AM by BitcoinBunny
Merited by JayJuanGee (1)

Not sure if this had been posted before: https://www.bbc.com/news/technology-60576373

Now it's clear why they want Binance to collapse. You go against the system you die. What CZ did was he just refused to rob Russian users  Huh

CZ is right. The criminal FED / US government organisation are wrong and think the US dollar cannot die.

The sanctions / seizing of Russian funds will be seen as a turning point in history, as stupid as coming off the gold standard under Nixon. Most of the funds seized weren't even from Russians who wanted to live in Russia any more. None of it made sense or helped end the Ukraine war one bit.

Why would China and Saudi Arabia help a dying dinosaur spend its silly dinosaur tokens when those dinosaur tokens can be seized if the dinosaur isn't happy?

If China / Saudi Arabia and Russia came together and set Bitcoin as the new oil payment standard, the USA would be completely fucked up its own backside and rightly so. With a diaper pooping criminal tosser at its helm.
No lifeboats. End off!

The big question I have is why are the UK and the EU behaving like lemmings and jumping off the cliff following that diaper pooping criminal tosser?! What has been promised to the criminal elite in charge behind closed doors?
The lack of empathy from the big banker tosser prime minister in charge we have here in the UK to those on strike and the poor is not going unnoticed by me. It comes across like the Canadian surfboarding tosser in charge and not giving a damn about the truckers earlier this year.
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December 21, 2022, 10:25:49 AM

Facebook, Google, iOS they are our babies they can spy on anyone.

You forgot the mother of all spyware, Microsoft and What’s Up.
In fact, the scamdemic was nothing but a huge data mining operation, sided along with the vaccine agenda.
It’s actually very terrifying if you stop and think about it, and one has to go through great lengths, if he is to [try to] preserve his digital privacy.
What’s more, it’s getting to a point were it will not be [much] possible, unless we do something about it.

Fun fact, I enjoy giving away false leads, because you should always remember that what is tracking you, is nothing but a state of the art AI, JJG style.
That said, we are human, so we’re bound to make mistakes, regardless of our intentions.



oh gawd...

It’s God, you blithering robot.
It’s God, regardless which one, so even if you cannot believe in any, at least show some respect to others who do.



Yes... another way of suggesting that one of us suffers from delusions of grandeur.

Let’s put that to the test, shall we?



Hashrate follows price.  Not the other way around.

I expected nothing less of your handler.
Your sponsor gawds [AKA Bitcoin whales], cannot have the average Joe thinking otherwise.



Sorry that I have to be the one to inform you of such news.

No worries, it’s not news, it’s utter bullshit.



Well, if you are looking at the matter from the wrong direction, then it is going to seem confusing...

I’ll look in any direction I damn well like, okay?
You do you, and keep staring at the cave.



and yeah, even though hashrate follows price, the hashrate can get ahead of the matter, and there are other games going on with hashrate too.. so in the end hashrate is only one of the factors, anyhow.

Repeating yourself does not work on me, you should know that by now.



BTC price is affected by all kinds of matters, and the miners are playing their own little games.. and for sure, a lot of miners had a very good year on 2021, so they are kind of paying for that now, in terms of some of them overextended themselves and ended up gambling on the BTC price not going down as far as it did.. but that does not stop other miners (more efficient ones) from forcing out the less efficient ones.. including that some of the equipment that they bought went online during  a downward move in BTC price.

What a crack of diverting bullshit.
So what you’re essentially saying, is that the mining “ban” on China in the summer of 2021, did not affect the price.
Okay. Hahahahaha.



There could be some relation in terms of purging out as many of the inefficient miners as possible.. but there are other things going on, so you are likely going to end up with wrong conclusions (just like Philipma) when you get too obsessed with putting too much weight into the wrong factors - such as ideas of hashrate affecting price.

If the internet were to go down tomorrow, resulting in miners not being able to mine, you’re saying that it would NOT affect the price.
Muahahahahaha, whatever.



You are like the plato allegory of the cave dwellers in the cave watching shadows on the wall and striving to assigning significance to mumbo jumbo.

You - just don’t - go Greek on me, you’re not - in the slightest - qualified.
For a person that has been right on the scamdemic, since day one, don’t you think it’s an unfair quote?

I read somewhere that ChatGPT has an IQ of around 80.
Of course I don’t abide with that opinion, and think that my dog is orders of magnitude smarter than you.



Yes... you can buy the dip instead of DCA.

Gee, I’m glad we have your permission. Tongue



Have you been following the 'vices of Cryptotourist?

It’s my obligation to tell you that you’re starting to see ghosts.
Understandable, but do snap out of it for the sake of others.



Did Cryptotourist get another one of you?

We are all Cryptotourist.
LOL



“The greatest knowledge, is knowing how to remove ignorance”
Antisthenes


Get out of the cave people.
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December 21, 2022, 11:01:18 AM


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December 21, 2022, 12:00:29 PM
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https://twitter.com/BitcoinMagazine/status/1605533075315642369?t=hmtQHLu9K1DoRU9noWkYOQ&s=19
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December 21, 2022, 12:01:21 PM


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December 21, 2022, 12:16:38 PM

There is a high chance price moves back up to the 17500-17700 area then drop hard to 10k.

What wisdom, you really have to be a genius to come up with something like that. Fortunately, I deleted that social network, so I don't have to read all these pointless speculations.
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December 21, 2022, 12:31:55 PM






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December 21, 2022, 01:01:17 PM


Explanation
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