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

[El duderino_]

Good morning Bitcoinland.

Working our way back up from the big correction/retrace the last couple of days... currently $12001USD/$15680CAD (Bitcoinaverage).

Hopefully we'll be seeing new AYHs soon.

Go Bitcoin go.

Good thats close to ATH!!!!

[1714913866]

1714913866

[El duderino_]

So just shy of 12k and the weekend ahead of us.
So are we expecting the usual weekend pump? If so, where do you think we will top out at?

[yefi]

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

It's truly jaw-dropping to think we may never see four digits again. Everybody thought there'd be copious time to accumulate... nope.

[El duderino_]

what is hydra? the kids' show baddies?

Hydra......??

= Kialara...

[realr0ach]

Mining on earth (metals) is already controlled by governments.  If you want to take over the bitcoin network it would be very expensive.  

Gold on the other hand will have its value wiped out with one not so large rock moved into orbit around the earth.   The age of metals being a store of value is almost over.    

Another scumbag Dyask post full of bullshit lies as usual.  Bitcoin devs themselves in the past from Gmaxwell to The Gavinator all seemed to make believe that it was inevitable ASICs would undergo commodification and hinted that Bitcoin would be completely pointless and valueless if they did not.  And this is the god damn developers, not fucktard pump and dump scammers like you.  Newsflash:  they never did and there is absolutely no reason for them to ever.  Even Luke Jr refers to ASICs as the equivalent of a pyramid scheme where you buy one and then the ASIC maker uses that money to build ten for himself.

The entire purpose of Bitcoin mining is to attempt to make it an open entropy system.  If the door fee to even get into the game is having millions/billions of dollars to design chips and build a state of the art foundry, then Bitcoin mining doesn't even serve a purpose because it's essentially a closed entropy system again run by four companies:  TSMC, Global Foundries, Samsung, and Intel.  As for metals mining, yes, large companies can use economy of scale or concentration of massive capital to exert advantages over the common man, but Bitcoin mining is a ubiquitous, winner take all pool where a monoply takes everything and metals are not.

If Barrick spends billions on creating state of the machines to mine gold that no other humans or civilizations on the planet can compete with, does that mean they get all the gold in the world?  No.  They do not get to magically tunnel under your house to steal your minerals.  You can get down there with a shovel and get them yourself if you want to, but you can't feasibly mine Bitcon by hand.  They would get to leverage their monopoly to steal all the Bitcoins in the world, though; because like I said, Bitcoin is omnipresent and ubiquitous - it's designed to faciliate corporate monpoly while metals are not.  As for your jackass claims about "metals having no value because you can find them in space durrr", I already shut you down and made you look like an idiot multiple times with these claims because the cost of production is laughable and not even feasible in the first place.

[infofront]

IMO moon and $13,800 was not the top. Follow 3 day RSI and look for a top to form when 3 day RSI is over 90. I believe $10,300 was the local bottom.

It's truly jaw-dropping to think we may never see four digits again. Everybody thought there'd be copious time to accumulate... nope.

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

[El duderino_]

Missing Salt Lake City girl found dead and media completely omits the fact that:  

1)  Murderer was black

2)  The girl posted on Tinder and other sites "Sugar baby seeking sugar daddy" trying to extort money from men

3)  Girl has shocking resemblance to MicGoosen's girlfriend (is she still alive?)

4)  All women are prostitutes whose goal is to try to get men to look at them in order to extract resources from them

https://dailystormer.name/dead-bitch-in-salt-lake-was-a-literal-whore-having-sex-for-money/

Come on man, leave it out. Just to confirm I met mic & his gf in Madrid, she’s really pretty, miles out of your league & a lovely girl too.

Maybe show girls a bit of respect, you never know, one might let you touch her one day.

Don't mind it LFC I know u know what you saw and met with ..... r0ach is just a real respect-less guy ....  

[El duderino_]

F*** r0ach and gembitz on the same page

yeah that means.....

HODLsleep



^
Goodnight fellow WO-members !!!!!!!!!!!!!!!!

[yefi]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

[Spaceman_Spiff_Original]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

I planned to buy in big at 2700-2800.  I knew 3000-4000 was cheap long-term, yet I got greedy again, still beating myself up about that.

[Dabs]

Another scumbag roach post full of bullshit lies as usual.

blah blah blah jews ... blah blah blah metals ... blah blah blah non-fungible ... blah blah blah centralized ... blah blah blah digital shitcoin ... blah blah blah transaction validators ... blah blah blah rube goldberg ... blah blah blah schelling point ... blah blah blah permissioned ledgers ... blah blah blah garbage human beings ... blah blah blah imaginary valueless ... blah blah blah artificial keynesian ... blah blah blah exter's pyramid ... blah blah blah social credit score system ... blah blah blah idiot ... blah blah blah scam ... blah blah blah tard ... blah blah blah fundamentals ... blah blah blah I'm really angry for some reason ... blah blah blah buy high sell low.

[Old Geek]

Alrighty then. We had a quick drop and held above 10000. Was that enough correction to take us to 15000?

[heslo]

Aaaand down we go :/

[HI-TEC99]

It kind of pissed me off. I was taking my sweet ass time accumulating in the $3K-$4K range. I assumed we'd probably still be there now.

I only ended up re-buying half of what I had originally planned - why couldn't we have just panic bought like bitches instead of being so methodical?

Still, can't complain.

I planned to buy in big at 2700-2800.  I knew 3000-4000 was cheap long-term, yet I got greedy again, still beating myself up about that.

Ditto.

By breaking $10k the honey badger sent us all this message.

[realr0ach]

Good news-it would mean unbelievable prices ahead (300K-500K)

You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.

[HairyMaclairy]

And that looks like resistance turning into support on our impossible dream line.  Go figure. 

[dyask]

Mining on earth (metals) is already controlled by governments.  If you want to take over the bitcoin network it would be very expensive.  

Gold on the other hand will have its value wiped out with one not so large rock moved into orbit around the earth.   The age of metals being a store of value is almost over.    

Another scumbag Dyask post full of bullshit lies as usual.  Bitcoin devs themselves in the past from Gmaxwell to The Gavinator all seemed to make believe that it was inevitable ASICs would undergo commodification and hinted that Bitcoin would be completely pointless and valueless if they did not.  And this is the god damn developers, not fucktard pump and dump scammers like you.  Newsflash:  they never did and there is absolutely no reason for them to ever.  Even Luke Jr refers to ASICs as the equivalent of a pyramid scheme where you buy one and then the ASIC maker uses that money to build ten for himself.

The entire purpose of Bitcoin mining is to attempt to make it an open entropy system.  If the door fee to even get into the game is having millions/billions of dollars to design chips and build a state of the art foundry, then Bitcoin mining doesn't even serve a purpose because it's essentially a closed entropy system again run by four companies:  TSMC, Global Foundries, Samsung, and Intel.  As for metals mining, yes, large companies can use economy of scale or concentration of massive capital to exert advantages over the common man, but Bitcoin mining is a ubiquitous, winner take all pool where a monoply takes everything and metals are not.

If Barrick spends billions on creating state of the machines to mine gold that no other humans or civilizations on the planet can compete with, does that mean they get all the gold in the world?  No.  They do not get to magically tunnel under your house to steal your minerals.  You can get down there with a shovel and get them yourself if you want to, but you can't feasibly mine Bitcon by hand.  They would get to leverage their monopoly to steal all the Bitcoins in the world, though; because like I said, Bitcoin is omnipresent and ubiquitous - it's designed to faciliate corporate monpoly while metals are not.  As for your jackass claims about "metals having no value because you can find them in space durrr", I already shut you down and made you look like an idiot multiple times with these claims because the cost of production is laughable and not even feasible in the first place.

Wow you really have a serious comprehension issue.   Again gold is doomed as a source of value because there is so much of it available.   Scarcity of gold is only because of the limits on technologies.   The technology is developing and greed will insured that it is used until there is minimal value left in getting more gold.    Gold is doomed.    

Cyptrocurrency has plenty of risks and it may not have that long of a future, but the Pandora's box has been opened and at least it has a brighter future than something like soon to be a common metal.    

[dyask]

Good news-it would mean unbelievable prices ahead (300K-500K)

You braindead, idiot scammers in this thread have NEVER once explained how the price of Bitcoin can go to $500k or even $50k while cost of production is $3-6k.  Nobody would ever buy a coin for $500k when they can simply mine one for $3-6k instead.  And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.  The crypto pump and dump scam seriously is butting up against the limits of the natural world now but that sure doesn't stop you scammers from posting complete bullshit 24 hours a day.

The production cost of bitcoin has been increasing and will continue to increase if the price keeps going up.   That is a factor of how much mining there is.   Higher prices drives more mining which drives down the reward for mining.   When btc is selling for $500k, the cost of producing one bitcoin will like be close to $500k.   It is a pretty simple concept.

[realr0ach]

You think the present day power consumption of Bitcoin can increase by two orders of magnitude?  HAHAHAHAHA.

[infofront]

And mining CAN'T expand by an order of magnitude to drag cost of production up or it would use more power than the entire United States.

Hyperstagflation is coming over the next decade.

Increases in price of everything we need to use, deflation in price of everything we used to buy with debt.

Additionally $200+k would be a peak price after the halving so the cost of production would be halved. And indeed maybe every old ASIC would be incentivized to mine that peak, but the rest of the people will have to buy BTC because there is a limited supply of ASICs.

Wth the $1 million peak probably not until after another or two more halvings after 2020, thus 1/4 to 1/8 of the production cost required by that juncture.

P.S. It’s the limited supply of ASICs that makes the Core SegWit donations attack even more viable.