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

[HairyMaclairy]

Bitcoin $BTC has apparently held at important support

... worth noting here, this represents the first doubling of the bottom from $3.2k to $6.4k.
Took ~14 months so setting the cadence for the new bull wave inside the secular mega-bull trend.
Expect a $12.8k interim bottom in ~7months, July 2020?

Also mostly in line with masterluc's amazing call from way back when ...

Too early.  A $12.8k bottom after breaking ATH in 2021. 

[1713887149]

1713887149

[1713887149]

1713887149

[akhjob]

Bitcoin is the most auditable blockchain

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-37f

[realr0ach]

Bitcoin is the most auditable blockchain

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-37f

Yes, a Chinese social credit score, cashless society slavery system for Jewish parasites to monitor goyim cattle in real-time is supposed to be auditable, you fucking moron.  I wouldn't bet the farm on Jewish digital slavery tokens, though.  Kind of hard to operate a digital slavery system if you don't exist:

Rabbi Predicts A Holocaust For Jews In America If Ruinous Jewish Usury Is Not Stopped

https://christiansfortruth.com/rabbi-predicts-a-holocaust-for-jews-in-america-if-ruinous-jewish-usury-is-not-stopped/

[Paashaas]

https://twitter.com/CryptoScamHub/status/1207497820875325441

[LUCKMCFLY]

The best option for protection against possible recession is Bitcoin.

Global debt is fast making fiat money worthless (see chart).

At $10 million per Bitcoin, Bitcoin provides a sufficient reserve to alleviate the world’s debt burden.

'Old money' will see this soon... #bitcoin #HODL #BTC

Source:https://twitter.com/CryptoDataHound/status/1207532871474237440

[VB1001]

Well, I'm glad to get up and see 7150, but we're not out of danger yet,
we have to get to the battle for 8,000/8150, until we get there, the bears will be fighting.

[El duderino_]

Where Do we wanna go from here?? Someone can fill in that question ? 

[Cryptotourist]

Jupiter moon - Europa.
Right after the slingshot effect.

[ivomm]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

[JSRAW]

@JJG, I got confused for a sec then i realized mhmm.... okay

[LFC_Bitcoin]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

Now that is interesting, what will the break even price be after the halving?

[nutildah]

Today was a great day for America BTW.



Trump finally impeached. He belongs to yet another very exclusive club now.

It was more symbolic than anything, but at least now maybe future presidents will think twice before asking foreign leaders to investigate their political rivals.

I'ma go ahead and attribute today's pump to this  

[bitserve]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

Now that is interesting, what will the break even price be after the halving?

All factors being equal, well, double (ie: $15K)

But then, if prices also increases it is predictable hashrate will too, so more than double.

There is always the possibility of price not increasing and then hashrate decreasing while maintaining the cost per BTC mined.

So... we don't really know... but double is most "safe" answer.

Or was it a rethorical question? lol

[HairyMaclairy]

Where Do we wanna go from here?? Someone can fill in that question ? 

More down before up imho.

[El duderino_]

Where Do we wanna go from here?? Someone can fill in that question ? 

More down before up imho.

Deeper as where we just went?? 

[realr0ach]

Today was a great day for America BTW.

Trump finally impeached.

It was more symbolic than anything, but at least now maybe future presidents will think twice before asking foreign leaders to investigate their political rivals.

Nutildah the California hairdresser is spamming the thread with Jew lies again I see.  That's the problem with you mentally ill leftists.  You're supposedly a male but you have a female brain and think objective reality does not exist and that if you just spam people with lies you can somehow fool them into believing in your own false reality.  Biden and his son were clearly the criminals taking bribes from China and abusing power to place his crack addict son into a job he isn't even qualified for, yet kike-leftists use the standard Alinsky tactic of accusing your opponent of the crime you're guilty of.

[LFC_Bitcoin]

Where Do we wanna go from here?? Someone can fill in that question ? 

More down before up imho.

[Cryptotourist]

More down before up imho.

Et tu Brute? -1 WO's merit.

#

repeat mode ON

-∞ WO's merit.

[HairyMaclairy]

Bitgo drops support for BSV, tells users to buy BTC

https://cointelegraph.com/news/bitgo-to-users-swap-bitcoin-sv-for-btc-before-hard-fork-stuns-wallet

[bitserve]

Oh, fuck, you did it again!  

Anyways, I will try to respond in a single block ignoring all those completely unmanageable intermixed quotes:

- Yes, it is not the same if you have some specific medical warning that says you only have a few months/years at the most. That would probably make for easier "planning" but as I said that's not usually the case.
 
- Heart attacks (in today's world) are overrated. Ok, depending on the cause and the damage (if any) to the muscle they might be more serious though, but not per se. Even so, I knew someone that had really bad heart problems, so bad that doctors routinely gave him only weeks/months of life at *MAX*... for more than 8 fucking years. So there's that. Yes, he eventually died... orders of magnitude later than his almost sure expectancy. And he REALLY enjoyed life during those 8 *free extra* years.

- On the other side there is people that simply die. At any age. With absolutely no warning and for no particular reason. And I am not talking about accidents here.

- I don't expect to live to 120. Not even 100. And probably I wouldn't even WANT to live over 90. In doubt about the eighties. Unless medical advances by then improve enough such that I can have an intense physical active lifestyle at that age. Walking around the park feeding birds is not my thing, mkay?

- Would I like to know the exact or approximate remaining life that I have? Well... that's tricky. Let's rephrase the question... If you only had 5-7 years left at the most... Wouldn't you like to know it? I would. To better invest my TIME in other things instead of exchanging it for money just in case I live way longer than expected. Less preparation for the future and more just LIVING now. Carpe diem you know.

- One thing is having a bug-out-bag (which I am completely in favor) and one different thing is to go full retard into preparing for an "apocalypse" scenario r0ach style. No, I refuse to plan for a scenario in which I would probably not want to live and, what's even worse, doing so at the cost of not being prepared for a more probable and enjoyable lifestyle. That's nuts. No surprise here, eh?


And I think that more or less sums it all up. Really, can't you avoid replying with that kind of complex structure? It makes for a very tedious work replying back. But you probably already know that and just don't care or even do it on purpose, don't you? lol