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

[Biodom]

you need oil combustion turbine, also need to have miners with internet hookup.
I have no idea if you can buy oil as a person.

WTI May -$39.9?! Not %%
Settled at -$37.63 per barrel

[jbreher]

Interesting reddit on an analysis of all these "grassroots" protests to open the Govt. Hint: It's gun nut astroturf...

https://www.reddit.com/r/maryland/comments/g3niq3/i_simply_cannot_believe_that_people_are/fnstpyl/

Like-minded oppressed peoples are likely to communicate and coordinate? Who woulda thunk it?

Sorry, you lost all credibility with the use of the term 'gun nut'.

[Raja_MBZ]

Look at oil, behaving like some weird shitcoin.

Honestly, I don't remember any sh!tcoin except for Bitconnect behaving this bad.

[Last of the V8s]

[cAPSLOCK]

You know how we talk about the next X minutes/hours/days/weeks being critical for BTC?

Well this is an possible inflection point.  Is it or is it not correlated to the legacy system.  Is it or is it not (yet?) a safe haven.

Big chance we are going down hard here... soon.

And yet... if we do not?

[Raja_MBZ]

Big chance we are going up hard here... soon.

FTFY

[LFC_Bitcoin]

@alistairmilne
Remember, the SEC allowed Oil ETFs/ETNs but not for Bitcoin
https://twitter.com/alistairmilne/status/1252295022923448320?s=21

[jojo69]

pass the crazy pills

[Wekkel]

You know how we talk about the next X minutes/hours/days/weeks being critical for BTC?

Well this is an possible inflection point.  Is it or is it not correlated to the legacy system.  Is it or is it not (yet?) a safe haven.

Big chance we are going down hard here... soon.

And yet... if we do not?

Hardcore holders did not sell. They won’t sell now either. At some point, all bears will have sold. You can feel it happening.

Oil price negative.... How much more proof do you need to see the markets are screwed beyond recognition.....

[rolling]

These oil option traders who never intended to take delivery are getting ruined. They have to dump the contracts or be stuck with arranging delivery. Option traders should have to be part of the market to even trade, gtfo if you're not in the oil business.

Same goes for the bitcoin option traders, gtfo if you're just trying to make filthy fiat.

Maybe they'll pass a law after this all blows over to ban cash settled options.

[cAPSLOCK]

Big chance we are going up hard here... soon.

FTFY

If you've ever read any of my posts you know I am not a BTC bear...  but markets do not make sense right now.  Which is an understatement.  I am hopeful, very hopeful that BTC starts to shine... right now.  But the markets are about to set new lows.  The draw on BTC is going to be pretty damn hard.

I really really hope I am wrong.  I mean... who knows.  Maybe the S&P closes up or even today? Lol.

[jbreher]

probably simulate all that analog gear with a raspberry pi now. well except for the analog "sound" perhaps.

Fairlight CMI - Computer Musical Instrument. Not much of that 'analog' sound.

[jojo69]

MSM can't even

[cAPSLOCK]

You know how we talk about the next X minutes/hours/days/weeks being critical for BTC?

Well this is an possible inflection point.  Is it or is it not correlated to the legacy system.  Is it or is it not (yet?) a safe haven.

Big chance we are going down hard here... soon.

And yet... if we do not?

Hardcore holders did not sell. They won’t sell not now either. At some point, all bears will have sold. You can feel it happening.

Oil price negative.... How much more proof do you need to see the markets are screwed beyond recognition.....

I agree with you.. but BTC is a market too.

This is either the moment we have been waiting years for...  or...

(PS.  I am not selling a SAT... but I might be buying soon...)

[LFC_Bitcoin]

@winklevoss
After today, oil  can no longer be considered a reliable store of value. Your next best options are the U.S. dollar (gulp), gold (scarce), or Bitcoin (fixed).
https://twitter.com/winklevoss/status/1252304602055299073?s=21

[xhomerx10]

Barrel of oil equivalent = 6.1178632×10⁹ J
Antminer S17+ 70TH/s rated @ 40J/TH


 6.1178632×10⁹ J/bbl x 600 bbl = 3,670,717,926,540 J

 3670717926540 J / 40J/TH = 91,767,948,163.5 TH

 How many bitcoin can I mine in 91,767,948,163.5 TH?

 The probability that any give hash will lead to a valid block is 1/(2³²D), where D is difficulty
 currently D = 13,912,524,048,946

 So, 91,767,948,163.5x10¹²H x 1/(2³²13,912,524,048,946)/Block
 
 = 1.5357666489943172022545931579071 Blocks (currently 12.5BTC/Block)

 = 19.197083112428965028182414473839 BTC

 Wow.  I thought it would have been much more.  
 We're killing the planet!!

[jojo69]

probably simulate all that analog gear with a raspberry pi now. well except for the analog "sound" perhaps.

Fairlight CMI - Computer Musical Instrument. Not much of that 'analog' sound.

that whole wall on the right is Elektor Formant modules, nary a 1 or 0 in sight

[jbreher]

Almost forgot to ask, Those of you who are in US, which platform you use to buy bitcoin using Bank? A friend of mine wants to buy bitcoin and he is looking for a better platform which has less fees for Bank transfer.

Coinbase Pro. Zero transfer fees.

[Raja_MBZ]

Big chance we are going up hard here... soon.

FTFY

If you've ever read any of my posts you know I am not a BTC bear...  but markets do not make sense right now.  Which is an understatement.  I am hopeful, very hopeful that BTC starts to shine... right now.  But the markets are about to set new lows.  The draw on BTC is going to be pretty damn hard.

I really really hope I am wrong.  I mean... who knows.  Maybe the S&P closes up or even today? Lol.

Oh come on mate, I know very well that you're not a bear. I'm sorry if you took it that way. I'm just expressing what I feel right now: volatility/bullish. IMO, bitcoin still standing above $6000 after all this chaos is very bullish.

[Toxic2040]

Barrel of oil equivalent = 6.1178632×10⁹ J
Antminer S17+ 70TH/s rated @ 40J/TH


 6.1178632×10⁹ J/bbl x 600 bbl = 3,670,717,926,540 J

 3670717926540 J / 40J/TH = 91,767,948,163.5 TH

 How many bitcoin can I mine in 91,767,948,163.5 TH?

 The probability that any give hash will lead to a valid block is 1/(2³²D), where D is difficulty
 currently D = 13,912,524,048,946

 So, 91,767,948,163.5x10¹²H x 1/(2³²13,912,524,048,946)/Block
 
 = 1.5357666489943172022545931579071 Blocks (currently 12.5BTC/Block)

 = 19.197083112428965028182414473839 BTC

 Wow.  I thought it would have been much more.  
 We're killing the planet!!

+2 WOsMerit's