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

[Spaceman_Spiff_Original]

Spaceman how big are youre odds of holding that bottom??

Well it isn't looking pretty right now...
EDIT: still think it has a shot at holding, we'll see.

I guess that question got answered pretty darn fast...   

[1713494284]

1713494284

[1713494284]

1713494284

[1713494284]

1713494284

[goldkingcoiner]

I wish I could add this as my avatar Just now found out animated avatars are not allowed.

[eddie13]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

[xhomerx10]

Pie-in-the-sky special.  Orders UP!



avatar-sized

Be careful that image was used from a google search, I think it was not intended for commercial use. I found it for the recently re-ignored user that started using that phrase in recent days.

 I only need be careful not to eat it.

[JimboToronto]

-snip-

I'm curious about your user name.

I can clearly see the spoonerism but why is it pluralized?

Is it what you like? 

[JayJuanGee]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

[El duderino_]

Spaceman how big are youre odds of holding that bottom??

Well it isn't looking pretty right now...
EDIT: still think it has a shot at holding, we'll see.

I guess that question got answered pretty darn fast...   

Yeah that was real damn fast .... at least you got back the avatar ability and a HAT that comes with it

[Ludwig Von]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?

[DeathAngel]

Dig Bicks is the NotLambChop of this cycle.

I suggest you put him/it on ignore.

[infofront]

The new poll is almost fucked already. This is like last November, just going in reverse.

[DeathAngel]

The new poll is almost fucked already. This is like last November, just going in reverse.

I was living like a Saudi Prince back then after the bch fork. I was living the high life, now I’m eating pot noodle for my meal

[JayJuanGee]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?

A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days

[infofront]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

Bwahaha. It doesn't happen that easily. We're going to keep grinding lower for months. There will be a few rallies to the upside, just to raise your spirits a little bit. Once you see a glimmer of hope, the Bogdanoffs will sell again and crush it. Rinse and repeat.

It will only end when our spirits have been utterly decimated, and our souls nearly destroyed. This thread will be nothing but tumbleweeds and r0ach posts. That's when you know we're starting to head back up. It will take a few months for anyone to even realize we're in recovery mode. We won't have time to read charts at that point anyway. We'll be too busy tying nooses and working overtime at McDonald's.

Then the bull returns and we get to do it all over again. Choo choo motherfuckers.

[PoolMinor]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

Bwahaha. It doesn't happen that easily. We're going to keep grinding lower for months. There will be a few rallies to the upside, just to raise your spirits a little bit. Once you see a glimmer of hope, the Bogdanoffs will sell again and crush it. Rinse and repeat.

It will only end when our spirits have been utterly decimated, and our souls nearly destroyed. This thread will be nothing but tumbleweeds and r0ach posts. That's when you know we're starting to head back up. It will take a few months for anyone to even realize we're in recovery mode. We won't have time to read charts at that point anyway. We'll be too busy tying nooses and working overtime at McDonald's.

Then the bull returns and we get to do it all over again. Choo choo motherfuckers.

The bottom will be reached between the Ides of March and USA Memorial day (2019).

[Kylapoiss]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Not that I'm cheering or anything, but I do believe that altcoins still have at least one more massive rally ahead where bitcoin dominance would see new lows:



I was trying to explain to one bloke that it doesn't matter if you buy 0.1 bitcoin or 100000 of some shitcoin for same amount of money, if it rises 50% the gains will be the same. He firmly believed that his 100000 coins will make him more money, as the numerical value of them is higher. Many know nothing about math, sad.

[Ludwig Von]

I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?

A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days

Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.

So, they are risking their BTC profits for a war in a only losses quest. Strange guys these miners, would Obelix say.

[lightfoot]

It's more than 3300. With S9's I would guess it's around 6k a coin at current difficulty. Granted you could ratchet the diff down slowly, but I think they're mining at a loss now to wave dicks. Eventually they will have to pay investors/electric bills/bribes.

[Zaanda]

https://i.postimg.cc/4dj5Wm3T/tttt.png


what if the real manipulation was not on USDT exchanges?

A Bullish Crab is close to forming on all the tether exchanges.  Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy?  Maybe the tether exchanges are more close to an honest price.  

Or am i not understanding something?

[lightfoot]

Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.

I think their number is a bit low. They estimate 5c/kw for an S9 while the Chinese average for electricity is around 8c, and the US is around 10-12c. I think right now they're mining at a loss, and dumping coins to try and support this stupid hash war. Guess it will be worth it, but it's not sustainable in the long run.

[Ludwig Von]

what if the real manipulation was not on USDT exchanges?

A Bullish Crab is close to forming on all the tether exchanges.  Makes me wonder a little bit, why do we trust the non tether exchanges, they can manipulate just as easy?  Maybe the tether exchanges are more close to an honest price.  

Or am i not understanding something?

You will understand when you will have no way out of your Tutters ... . Good lunch with that.