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

[philipma1957]

First person to identify what movie that's from gets a prize.

robocop

cult classic is cult classic

 

Not quite, but the movie this is from is also a cult classic.

Same decade.

time bandits

wow cant believe i missed that. time bandits rocked, saw it a few times.

must be alltimers setting in.

https://nestflix.fun/your-money-or-your-life/

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


best scene for me was when god allowed evil leftovers to survive.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[heslo]

Just got an email from Bitmain about some mining summit they're holding and selling tickets to. That's not the interesting part, what they also mention is they're launching their S21 miner there. Will be interesting to see the specs on that device and I'm sure that they've likely been mining on this stuff for a while which explains the ever increasing hash rate



Excuse the poor quality, posting from my phone

[philipma1957]

Just got an email from Bitmain about some mining summit they're holding and selling tickets to. That's not the interesting part, what they also mention is they're launching their S21 miner there. Will be interesting to see the specs on that device and I'm sure that they've likely been mining on this stuff for a while which explains the ever increasing hash rate

they won't be a lot better. Maybe 18 watts and 200th.  Which brings about cabling issues.


I guess they could use 2 c19 to c20 cables and pull 5500 watts which is about 300th at 18 watts a th.

A double c19/c20 cable would solve some cabling issues.  It would fuck those with 20 amp circuits but if you had a 30 amp circuit at 230 watts that is 6900 watts x 80 % = 5520 watts

So maybe they shoot for that as the top mark.

18 watts is a good improvement in efficiency

I think the issue they have is one c19/c20 rates at 3500 watts max (this is a high number) I stay under 3300 for safety sake.

So do they cap the gear under 3500 watts or go to a pair of c19/c20 cables.

Which really lets a big unit happen.

[wavessurfing]

Pro Bitcoin candidate wins in Argentian Election.
Wins president, wins Bitcoin
Bitcoin wins in Argentian..
Buy Bitcoin, Hold bitcoin.

if i have well understood, he preaches for a salvador-like system: abolition of peso, usd legal tender, role for bitcoin ?

[JayJuanGee]

[edited out]

iow

everything i really needed to know in life i learned in the bitcointalk forums

That's parts of dee reasonenings that "we" all be dum dums.   

SOPR Analysis Suggests Bitcoin (BTC) Target at $38,600.

Source.
Really waiting for $38k?

An autumn bull run
Should lead us to the halving
And a bigger rise.

Everyone waiting for halving .
Edit.

What is "SOPR" Analysis?

I thought that if a person uses an acronym that is not necessarily widely known, then such person should say what the acronym is/means.

Source.
"WO" Senior peoples. 

Yes you are right, I can't find myself when I watch predicted the range and new name.

You can called anything "___". with the proper word.

Which seems to largely mean that I have to look it up myself.

Here's a GlassNode page (graph) on the topic of Spent Output Profit Ratio (SOPR), which I suppose was the earlier intended reference.

Pro Bitcoin candidate wins in Argentian Election.
Wins president, wins Bitcoin
Bitcoin wins in Argentian..
Buy Bitcoin, Hold bitcoin.

For those of us wanting a link.. here is one:  https://www.coindesk.com/policy/2023/08/14/pro-bitcoin-candidate-javier-milei-unexpectedly-leads-in-presidential-voting-in-argentina/#:~:text=Javier%20Milei%2C%20a%20libertarian%20candidate,primary%20presidential%20election%20in%20Argentina.

Also, it appears that the election is not final since no candidate has yet won more than 45%

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

New filing from ARK for a Digital Asset and Blockchain thematic ETF will hold equities
_Source

[JayJuanGee]

New filing from ARK for a Digital Asset and Blockchain thematic ETF will hold equities
_Source

What does that mean?  

'splain it.


'specially.  Does it relate to dee cornz?  and if so, how?

[JimboToronto]

time bandits

Damn this makes me feel old... this movie was made 40 YEARS AGO? How is this possible. Feels like last week.

I guess it depends on when you were born.

I was born in the 1940s so I still kinda think of the 1950s as being "modern".

You know: transistors replacing vacuum tubes, jets replacing propeller airliners, rock&roll replacing swing, computer punchcards, beatniks, etc... ultra modern.

I still think of Eminem as being recent even though many here weren't even born when he was recording.

My grandmother was born in a time of horses and buggies, kerosene lamps and telegraphs. By the time she died at the age of 97 she'd seen the coming of electric lights, cars, radios, airplanes, income taxes, 2 world wars, the great depression, the atom bomb, television, men on the moon and computers in people's homes.

I remember horses on the streets of Toronto, washboards, iceboxes, shellac records, and vacuum tube radios and coal furnaces, but I was quick to jump into computers, the internet, peer-to-peer filesharing, decentralization and of course Bitcoin.

You can relate to the past without being stuck in it.

[El duderino_]

Petit ant

[JayJuanGee]

Petit ant

I was thinking something kind of similar.

Accordingly, in the past hour and a half or so, we have been getting a wee bit of UPpity taking "us" from the $29,3xxs and getting "us" into the $29,6xxs..

but still not quite a thing in terms of the "concerns" about @Buddy's streak of staying in the $29,xxxs overall... .

.and surely, from the perspective of this here cat, even though this here cat likes to see movement just like any other pussy, much of this still remains a bit of a so what situation, at least in the broader fact that "we" still seem to be floating around nearly smack dab in the middle of the $25k to $35k don't wake me up zone... aka snoozeville.

.. but also don't get me wrong.. it's not like I am not paying attention, and I get a sense that the spreads of my orders have been getting smaller and smaller and smaller.. and at this time, they are $2k apart, so $30.5k-ish for the sells and $28.5k-ish for the buys.. then the buys are mostly $500 increments down to $13k-ish... and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..

....and also, recall that my sell orders had gotten executed up to $130k-ish on BinanceUS during that "mistake" in June.. so I still have not completely rebalanced/recovered from the effects of that "mistake"... amongst the top of the "best" problems that I have had in bitcoinlandia to date.. .. even though surely, many of the no-coiners and low coiners would suggest that going from the mid $200s to our current $30k-ish arena to be a BIG problem for some of those there folks (that is if they are paying attention to their own opportunity costs), so surely I benefited a lot from Bitcoin's UPpity problem falling in the past 8-ish years... as likely there are several of the regular WO members who might have gone back to close to as far as 8 years ago to be able to relate to my feelings about the $250 to $30k-ish problema.. Hey, that's a zap of pretty stable increases of more than 100x, no?

Of course, those shorter term members may well be suffering through problems that might only date back to about 2018 or 2019, and even though 2019 was a bit of a weird year in terms of not really having any flat jumping off point, so even though I like to call April 1's $4,200 as the jumping off point for that.. there may well be quite a few WO accumulator/HODLer members in and around the space who are more likely experienced numbers that were more in the range of $6k to $9k for their comfortable to bounce off of range.. so sure there is a difference between calling the bouncing off point as $4,200 versus numbers that might end up going all the way up to $9k.. and in that regard, their sense of "stable" BTC price appreciation can vary anywhere between 3.3x and 7x .. still not bad.. but not quite close to the feeling of 100x.. and surely these later entrants (who are 4 years more junior than the more than 8 year entrants), might need to wait 1 or 2 more cycles before they might start to feel somewhat comfortable in 30x to 70x, and it may take even another 1-2 more cycles after that to bring them into a kind of 100x category of BTC price appreciation.. and I am not suggesting these numbers to be guaranteed - even though we can see a kind of trend about getting in early and attempting to be in the game longer.. so seems to be "time in the game" rather than "trying to time the game."

[BobLawblaw]

Finally put an order on the books and willing to make a sacrifice to Karhu if it hits my target, to get this bull run officially started.

Doubt the order gets filled today, but she's on the board @ Gemini.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

time bandits

Damn this makes me feel old... this movie was made 40 YEARS AGO? How is this possible. Feels like last week.

I guess it depends on when you were born.

I was born in the 1940s so I still kinda think of the 1950s as being "modern".

You know: transistors replacing vacuum tubes, jets replacing propeller airliners, rock&roll replacing swing, computer punchcards, beatniks, etc... ultra modern.

I still think of Eminem as being recent even though many here weren't even born when he was recording.

My grandmother was born in a time of horses and buggies, kerosene lamps and telegraphs. By the time she died at the age of 97 she'd seen the coming of electric lights, cars, radios, airplanes, income taxes, 2 world wars, the great depression, the atom bomb, television, men on the moon and computers in people's homes.

I remember horses on the streets of Toronto, washboards, iceboxes, shellac records, and vacuum tube radios and coal furnaces, but I was quick to jump into computers, the internet, peer-to-peer filesharing, decentralization and of course Bitcoin.

You can relate to the past without being stuck in it.

Oh yes, what was before me was always there. What changed while I was a child was significant changes in the world. Everything after passes before my eyes much faster. The viscosity of time and space changes so much... What was far and great, now close and small, what lasted a whole day, now flies by in just a day... For today's teenagers, bitcoin will be what it always was, and the pre-bitcoin times will be somewhere in the same place as the pre-internet, pre-personal computers, and dinosaurs.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Unknown Op]

[bitebits]

[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
[...]

The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

[...] and the sells are $500 increments until $31.5k-ish then they go into $1k increments, and they slowly get bigger and BIGger and BIGGER... until $5k increments between $120k-ish and $150k-ish..
[...]

The royal we are already sorry for your loss. May I ask what is causing the compulsory selling (since $300 or so)?

Caused by his excel suggestions?  

One of my kids keeps selling his brokerage account, every time justifying it by saying that he "rounds" it up...lol