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

[cAPSLOCK]

You guys can discommunicate me from the thread when you're ready.

[philipma1957]

You guys can discommunicate me from the thread when you're ready.

She looks energized!

[BTCETFInvestor]

The Bitcoin network saw its 20 millionth BTC mined this week, leaving just 1 million coins left to be paid as rewards to miners.

The milestone has crypto industry observers taking stock of the rapidly changing Bitcoin mining industry, and weighing the economics of a shifting landscape against expectations of Bitcoin’s performance as an investment.

Mining companies help secure the Bitcoin network and verify transactions, expending large amounts of energy in a race to solve cryptographic puzzles in exchange for transaction fees and newly created Bitcoin as rewards. It’s taken miners 16 years to mine the 20 millionth coin from Bitcoin’s inception, but it could take roughly 115 years to unlock the remaining supply, according to Wolfie Zhao, the head of research at TheEnergyMag.

That doesn’t necessarily mean the Bitcoin mining industry will look the way it does for the next century. John Todaro, a managing director and senior research analyst at Needham & Company, expects many publicly traded miners to exit Bitcoin mining in 2027 and 2028.

“​​We believe a large portion of the public Bitcoin miners will sell down nearly all of their Bitcoin holdings before year-end 2026 as they embark on [capital expenditure] spend related to AI workloads,” he wrote in a recent note shared with Decrypt. In other words, Bitcoin mining companies are pivoting to AI.

All the publicly traded Bitcoin miners the firm covers have allocated a portion of their compute power to high-performance computing, or HPC, and AI. It’s a shift that’s been going on for years.

And it’s easy to see why, he added.

“Stubbornly low hash price combined with the upcoming 2028 halving presents a concerning environment for Bitcoin mining operations,” he told Decrypt. “Many operators are at or near breakeven costs today, while NOI margins in HPC are north of 80%.”

NOI refers to net operating income, which measures revenue minus operating expenses, excluding financing costs and taxes. So it stands to reason that mining firms are adjusting their revenue split to favor better margins.

Ross Gan, the chief communications officer at Bitdeer, told Decrypt the firm has Bitcoin’s technological infrastructure in its DNA.

Bitdeer, the Singapore-based miner led by Bitmain co-founder Jihan Wu, illustrates the fork in the road facing the industry. Wu helped industrialize Bitcoin mining in the first place—Bitmain, which he co-founded in 2013, once controlled roughly three-quarters of the global market for Bitcoin mining chips. Now Bitdeer is converting several of its facilities into AI data centers while simultaneously developing its own next-generation mining hardware.

► https://finance.yahoo.com/news/bitcoin-hit-major-milestone-most-140730017.html

[philipma1957]

Hash won't crash just yet.

As price relief is on the way.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

Hash won't crash just yet.

As price relief is on the way.

Phil - Give me your 'price relief' prediction (both in price and time) BTC mining maestro!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[kellrobinson]

The chart indexes bitcoin price by block height, with halvings marked on major grids every 210,000 blocks.  Price cycling influenced solely by the halvings will be rendered on the oscillator as a triangle wave.  For years at a time, the oscillator indeed takes the shape of a triangle wave (with a little superposed transient stochastic stuff).  The entire period between the second and third halvings, and the long bull run that ended last year, hew to a triangle wave with a wavelength of 210,000 blocks that peaks in the second quarter of the halving period.  What's imponderable in the context of this halving-detector oscillator, like the dip in the 2021 double top after the third halving, which is matched by a deep divot in the oscillator, may result from exogenous macro influences.  Whatever the case, bitcoin price action appears once more to have departed from orderly halving-influenced behaviour, as seen in the oscillator's recent precipitous drop.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

as i mentioned earlier today my three predictions happened
gold dropped when it opened
silver dropped when it opened

btc went up with the gold and silver markets opening
seems obvious that the ten plus countries near iran 🇮🇷 do not want to hold physical items as they have zero protection from missiles.

we may now see a huge shift from metals to btc.
making four cycle believers weep in sorrow for dumping coins last fall.
as always or not.

but jjg does say btc is 1000x the value of gold.

JJG also says that it could take 50-200 years for the market prices to reflect true value...

Sure, it is possible that there could be some world/macro events that help to accelerate more accurate valuations, yet I am not going to hold my breath - which surely might suggest that I don't get too excited about short term charts... even though directionally there might be certain times like our current times in which bitcoin's non-physicality is being appreciated by the market - not that miners (or their machines) are non-physical... but yeah, if such machines are scattered around the globe, then surely transactions can be made without such physicality levels.

[philipma1957]

as i mentioned earlier today my three predictions happened
gold dropped when it opened
silver dropped when it opened

btc went up with the gold and silver markets opening
seems obvious that the ten plus countries near iran 🇮🇷 do not want to hold physical items as they have zero protection from missiles.

we may now see a huge shift from metals to btc.
making four cycle believers weep in sorrow for dumping coins last fall.
as always or not.

but jjg does say btc is 1000x the value of gold.

JJG also says that it could take 50-200 years for the market prices to reflect true value...

Sure, it is possible that there could be some world/macro events that help to accelerate more accurate valuations, yet I am not going to hold my breath - which surely might suggest that I don't get too excited about short term charts... event hough directionally there might be certain times like these in which bitcoin's non-physicality is appreciated - not that miners (or their machines) are non-physical... but yeah, if such machines are scattered around the globe, then surely transactions can be made without such physicality levels.

Gold down
Silver down

Btc 73500 up

Rotation to the blockchain of btc to protect wealth

Gold and silver are no protection from drones.

More than 21 countries in range of Iran's attacks.

[JayJuanGee]

[edited out]

Rotation to the blockchain of btc to protect wealth

Gold and silver are no protection from drones.
More than 21 countries in range of Iran's attacks.

Could be? Could be?

I am glad that "we" already got some a long time ago.

literally.. the real "we" not the "royal we" alone.

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

[edited out]

Rotation to the blockchain of btc to protect wealth

Gold and silver are no protection from drones.
More than 21 countries in range of Iran's attacks.

Could be? Could be?

I am glad that "we" already got some a long time ago.

literally.. the real "we" not the "royal we" alone.

 

Yeah I stacked a lot of corn since the drop.

Relative of course .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com