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

[ChartBuddy]

Explanation

[1686064252]

1686064252

[1686064252]

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[1686064252]

1686064252

[1686064252]

1686064252

[1686064252]

1686064252

[ChartBuddy]

Explanation

[Biodom]

$jjg...As promised, here are some numbers:

If i had bulk invested $47K instead of DCA since 2013-2014, using buys at exactly my actual timing, I would have gotten about 113-114 BTC vs 45btc (dcaing by your estimate).
Please...I did not invest 47K (could be any other number), so don't start counting it as my "basis", I simply used the number in your example.

But, here is a more pertinent number: with mining started in Nov 2019 and lasting until about March 2022.
2.3 btc mined with the average price of $18.17K/btc. Revenue about 41.8K
If, instead, you would have spend the exact same $$ (say, 42K) on DCA during the same time period, doing it on a weekly basis, then Excel gives me a weekly average for btc of $29.2K and, therefore, 1.43 BTC accumulated.
2.3 is >>1.43
btw, my previous assertions for averages were all based on weekly btc prices put into Excel (sorry, don't care about dcabtc website).
You can ask me: how come the btc mined price average is lower. It is because when you mine, you always mine more in the beginning and less later (due to difficulty increase).

TL;DR bulk purchase earlier wins (obviously), but don't neglect mining, especially if you start a new round when btc price is low and price of machines is low as well. Imho, peeeps should listen to what phil is saying about when is a good time to start mining and or purchase mining machines.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

$jjg...As promised, here are some numbers:

If i had bulk invested $47K instead of DCA since 2013-2014, using buys at exactly my actual timing, I would have gotten about 113-114 BTC vs 45btc (dcaing by your estimate).
Please...I did not invest 47K (could be any other number), so don't start counting it as my "basis", I simply used the number in your example.

But, here is a more pertinent number: with mining started in Nov 2019 and lasting until about March 2022.
2.3 btc mined with the average price of $18.17K/btc. Revenue about 41.8K
If, instead, you would have spend the exact same $$ (say, 42K) on DCA during the same time period, doing it on a weekly basis, then Excel gives me a weekly average for btc of $29.2K and, therefore, 1.43 BTC accumulated.
2.3 is >>1.43
btw, my previous assertions for averages were all based on weekly btc prices put into Excel (sorry, don't care about dcabtc website).
You can ask me: how come the btc mined price average is lower. It is because when you mine, you always mine more in the beginning and less later (due to difficulty increase).

TL;DR bulk purchase earlier wins (obviously), but don't neglect mining, especially if you start a new round when btc price is low and price of machines is low as well. Imho, peeeps should listen to what phil is saying about when is a good time to start mining and or purchase mining machines.

added two whatsminers 200 th coming in about eight days.

[Tipeform$]

#BTC   : is the worst yet to come?




https://twitter.com/MMCrypto/status/1621907308694609920?t=Orup1mMv6ppkXkr37I6Ltw&s=19

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Arriemoller]

I'm probably wrong but this stupid Chinese balloon story has many hallmarks of a media psy-op for distraction

It's a convenient distraction from Ukraine losing against the Russian invasion (certainly in the east) and probably going to be in a terrible bargaining position later this year thanks to the help of the USA, NATO and Boris Johnson. They will be lucky if they keep everything west of the Dnieper river. Donetsk, Luhansk and Crimea ain't ever coming back, that's for sure.

Plus the fact certain forces in the USA recently even said they think they will be at war with China in a few years.
What a coincidence!

China can put countless satellites in space, monitoring whatever the USA is doing and even make all the iPhones sold in the USA, but a balloon?! A balloon?! Yep, THAT's not acceptable!

 

You don't seem to realize that Ukraine is still winning, I think you should call that wake up call woman.

[Arriemoller]

Anyone wanna give me a three week summary? Pretty please.

[ChartBuddy]

Explanation

[Hueristic]

Anyone wanna give me a three week summary? Pretty please.

Who was that, JSraw, I think that did that so well?
*Think I butchered his name, memory sux and keeps getting worse.

[BobLawblaw]

[ChartBuddy]

Explanation

[nutildah]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Lainta]

The Central Bank of Nigeria is pushing for wider CBDC adoption by limiting ATM cash withdrawals and changing banknotes for lower denomination ones.

As a result, demand for $BTC is skyrocketing and price reached a 40% premium.

🇳🇬 Nigerians don’t want CBDC, they want #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1622340350198136833?t=a01ntz9U9Dpjh5m72G7COw&s=19

[ChartBuddy]

Explanation