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

[Pamoldar]

Angel Investors, accredited investors with billions of dollars. Average joes get is when the price is ATH LOL

If Average Joe is lucky he might get a 2X or 3X of a high risk Tech stock after 10-15 years. So best case his initial investment of $5K might go to $15K.

Meanwhile the Angel Investor's shares worth $500M (that he got with an initial seed funding of $50K) just went to $1.5B.

LOL

LOL yeah it's like buy bitcoins when the price is $19k+ then wait until now and then for the next halving 😜

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[cAPSLOCK]

That was a fun little dip.

[VB1001]

It is a study of the cost of electricity in each country to extract 1 BTC.

The date is 2018, surely the antiminer have improved consumption, but it's still interesting to see the cost per country.

https://www.elitefixtures.com/blog/post/2683/bitcoin-mining-costs-by-country/

[StartupAnalyst]

Guys did you watch it?

Binance+Tron=Pump & Dump. Jail Time? CZ and Justin Sun Scared. Bittorrent ICO Hustle

I looked at this, interesting information, thanks for sharing! I have long had suspicions that Binance and Tron have the same owners - masters of speculation.

[micgoossens]

That was a fun little dip.

Now a Fun little long UP trip!

[Torque]

It is a study of the cost of electricity in each country to extract 1 BTC.

The date is 2018, surely the antiminer have improved consumption, but it's still interesting to see the cost per country.

https://www.elitefixtures.com/blog/post/2683/bitcoin-mining-costs-by-country/

The Myanmar miners are loving it! Everyone else not so much

[Pamoldar]

It is a study of the cost of electricity in each country to extract 1 BTC.

The date is 2018, surely the antiminer have improved consumption, but it's still interesting to see the cost per country.

https://www.elitefixtures.com/blog/post/2683/bitcoin-mining-costs-by-country/

The Myanmar miners are loving it! Everyone else not so much

Huh! Did you see Venezuela LOL
It's all green there! I am packing up to move there 😜

Venezuela came in as the cheapest nation at $531. Their electricity rates are heavily subsidized by the government, leading to incredibly low prices. Trinidad and Tobago, Uzbekistan, Ukraine, and Myanmar round out the rest of the five least expensive nations.

[VB1001]

^^
Yes, there are some +/- $ 2,000

[Globb0]

Haven't heard about friendly bears before:
https://www.thesun.co.uk/news/8295961/casey-hathaway-bear-missing-boy-woods-safe/

[infofront]

https://twitter.com/100trillionUSD/status/1092504931226009601

[StartupAnalyst]

Haven't heard about friendly bears before:
https://www.thesun.co.uk/news/8295961/casey-hathaway-bear-missing-boy-woods-safe/

[Biodom]

Bearish Murad Tweetstorm

If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are:

1. SM club subscriber.
2. Too "smart" for your own good.
3. Want to push asset down to load since you don't have ANY of it.
4. You are named Tone or Murad.

What is the correct answer?

[serveria.com]

Time to wrap it up here, folks.

Bitcoin is turning out just like the internet.

When the bubble popped, everyone just stopped using it.

i went to bitcoinland and all i got was this stupid hat !    weeee

Yeah, cause i’m not owning any actual BTC’s
50$ drop and wouldn’t we know it a Weeee re-entry

$3000 close and 3k is just a fluffy $25OO    weeeee

$3400 is nowhere close to $3000 let alone $2500

That's because Gembitz is an idiot, ignore him.

He's not an idiot he's a dickhead. It's a huge difference.

[VB1001]

https://www.bitcoinblockhalf.com/

[Globb0]

Not only is this not going away, but it provides the most asymmetric return on almost any bet that a company can make right now.

And most Average Joes have no idea why that is, because they are completely ignorant to how traditional market IPOs are structured. They never wonder why a Facebook doesn't begin life trading on the NASDAQ at $0.01/share instead of $20/share.

Q: Why does a company like Facebook not do a 10,000X, 1000X or even a 100X this many years after launch? And the early investing public gets to benefit from such a move in the price?

A: Because the 10,000X in Facebook stock already happened pre-IPO. It was stolen away from the Average Joe public by the founders, initial *wealthy* investors, wealthy hedge fund managers and investor banks. These are all people who had nothing to lose and everything to gain because they were already wealthy. They end up with 99.99999999% of the shares before public trading launch. What ends up trading on the public market float is a pitiful, minuscule amount compared to the sum total...a drop in the bucket.

THIS is why the wealthy are getting wealthier while the average and poor get poorer. They (Average Joe) are being shut out from being able to invest in early rounds of Tech companies and being able to benefit/profit by owning massive amounts of shares pre-IPO for little investment, like the rich can.

Rich people can go onto Dragons Den and buy the company for 50% of the money.

While poor people just have to drink in the queen vic.

[StartupAnalyst]

Bitcoin is becoming increasingly decentralized. Compare how the situation has changed in less than five years with the distribution of hashrate among mining pools.
We are going in the right direction!

[Torque]

Bearish Murad Tweetstorm

If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are:

1. SM club subscriber.
2. Too "smart" for your own good.
3. Want to push asset down to load since you don't have ANY of it.
4. You are named Tone or Murad.

What is the correct answer?

If you look at his last 3 ending tweets, personally he doesn't sound like he's just trolling Bitcoin. He actually sounds like a somewhat realistic hodler to me.

That being said, I don't believe Twitter activity about Bitcoin/crypto is a valid metric at all. Hundreds, thousands of Bitcoin sockpuppet shill accounts were created during the run up to influence people buying in. Now they have all gone dormant. It will happen again, 100% sure of that.

[Pamoldar]

https://twitter.com/ChartsBtc/status/1093174852351971328/photo/1

[LFC_Bitcoin]

https://www.bitcoinblockhalf.com/

^^^^^

On my mind at regular intervals - every day
The halving = the dynamite that starts every bull run

[Pamoldar]