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

[bitebits]

https://twitter.com/100trillionUSD/status/1257344002531241984

If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving.

[Toxic2040]

Zoom the fuck out, ToxicMoxic!!!

D




----
M

strong hands

[bitebits]

[Biodom]

https://twitter.com/100trillionUSD/status/1257344002531241984

If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving.

Never heard about a 12 mo moving average, but....OK.
...Introducing a 520 wk moving average...We are way above that one.

Mind you, I am still bullish, but planB keeps coming up with something that is tangential at this point.
I understand that he is nervous on whether his models would work or not. It's nail-biting time.

[JayJuanGee]

According to this chart the past 2 halvings have been followed soon after by an insignificant dip. Insignificant long term but at the time felt like a letdown due to the hope that the price would rise right after the halving. There was a jump right after the first halving due to the scare that the halving would cause the end of Bitcoin due to miners stopping mining. When they didn't stop the price jumped a little. Before easing back down. I remember selling about 400 bitcoins after that quick jump to $12 (all the bitcoins I owned).

400 BTC is a good amount of bitcoin to aspire to, and even to maintain as a reasonable ongoing amount, even though they were only worth about $4,800 at that particular 1st halvening time.  Hopefully, you were able to buy back some or all of them for at or below $12.  What you did after that might be a different story.

I suppose that the longer that any of us have been in the bitcoin accumulation world, there is an amount of bitcoin that we can point to that we had, at one time that we no longer have or are able to get, but some of that would be somewhat natural and reasonable to maybe have difficulties  maintaining a certain quantity of BTC and retaining some desire and practice of shaving off some dollar profits at various points in time.

Someone in earlier accumulation phases (or later entrants into BTC) may not have reached their peak bitcoin points, yet.

Personally, I have a point that I can point to, and I doubt that I will ever get even close to having that many BTC again, but that is o.k..  I do not live in the past, and I am more than happy with my current accumulation level and also my various future projection that involve both shaving off profits from time to time and also possible accumulation, too (but at the same time only an outline so some uncertainties regarding how the specifics of those projections are going to play out).

[Wekkel]

Nice setup.

not bad for a 10 year old platform, lol, still gets the frames in the games I play, even at 5760x1080

but yeah, I think your sked for a new build is about right, hopefully by then we will have the GPU horsepower for 3@4K with good frames

Been waiting for a cheap i7 to boost my old i3-6100 setup, but chumps keep on pricing an i7-7700k at ridiculous prices 2nd hand 

Even while a $120 entry Ryzen is faster now.... 

[Phil_S]

According to this chart the past 2 halvings have been followed soon after by an insignificant dip.

I bet this halving will NOT be like past 2 halvings.

Our badger hates following past patterns (and seems to enjoy messing with people's predictions).

[LUCKMCFLY]

Interesting bullish scenario.

If we forget the noise of monthly prices, and focus on the signal of 12-months moving average .. we are at ATH. That is the big picture. Nice set-up for the halving

Source: https://twitter.com/100trillionUSD/status/1257344002531241984

And in the same thread we have:

Bullish scenario for bitcoin:
– major cycles triangular formations high(i) –> high(i+1) –> low(i+1)
– breakout is soon after the low(i+1) and a second 200 weeks MA test.
$BTC $BTCUSD #bitcoin $XBT $BLX

Source: https://twitter.com/CryptoHamsterIO/status/1257350380406607873

[LFC_Bitcoin]

How’s everybody doing this fine Monday?

Everything is good, halving only a week away, anybody excited for the ride ahead?

https://www.bitcoinblockhalf.com/



Just a bit of friendly WO advice from Uncle LFC -

[jbreher]

Should I FOMO in and buy bitcoins ? 

Never FOMO. OTOH, ABB (Always Be Buying).

it feels it could get up to 10K$ and find a new higher equilibrium with all the money printing and risks of lost value in both USD and EUR.

You're missing a zero there. And perhaps an additional single-figure multiplier.

[HairyMaclairy]

Arbitrage opportunity for the brave/foolhardy?
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k

Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500.

It is, however, not the time to start selling BTC in Iran. Despite official proclamations, the rial has taken a beating alongside the Iranian economy.

According to Radio Free Europe, black market trading had the U.S. dollar selling for 156,000 rials. The toman would cut four zeroes off of current rates, but may well run into the same problems that have stymied the rial.

• incredibly difficult to get your Rials back into USD
• a really great way to end up in US prison for breaching sanctions

[Globb0]

Arbitrage opportunity for the brave/foolhardy?
https://cointelegraph.com/news/iran-ditches-the-rial-amid-hyperinflation-as-localbitcoins-seem-to-trade-near-35k

Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500.

It is, however, not the time to start selling BTC in Iran. Despite official proclamations, the rial has taken a beating alongside the Iranian economy.

According to Radio Free Europe, black market trading had the U.S. dollar selling for 156,000 rials. The toman would cut four zeroes off of current rates, but may well run into the same problems that have stymied the rial.

• incredibly difficult to get your Rials back into USD
• a really great way to end up in US prison for breaching sanctions

But you do get the nice orange outfit!

One of my fav colours.

[Hueristic]

my early i7 still kicking ass after all these years.

Lots of other upgrades and re-upgrades latest was a 1040ti I think.

SSD etc. no real need to spend the silly money for newer components right now (or the money)

oh totally, I have yet to see a compelling reason to move off my hotrodded X58 setup; 48G of RAM, nvme boot drive, 1080ti, it does what I need

Nice setup. My daily driver is still an i7 4770K, 16GB RAM, 1080ti.

I'll probably upgrade in 2022 when Zen 4 releases. It's supposed to release on a new socket (AM5), and support a lot of the next gen tech, like USB 4.0 and PCIe 4.0. I'd also like to get away from Intel due to all the security vulnerabilities.

Did you mean DDR5 and USB 4?


Ryzen 3 supports PCIE 4.0.



AFAIK The new intel socket will support PCIE 4.0 but eh CPU's don't. Rotflmfao what a joke they are twisting marketing to make it sound like they do. And the Intel Fanboi shills are all trying to make it sound like thats a reason to buy the new socket, so you can upgrade the cpu in the future and have PCIE 4.0. funny thing is the retard fanboi's are eating it up. Its going to be even funnier when the next Intel gen gets released and they find out they need a new socket again because cough DDR5. LOL but then they will be saying how great it is to have DDR5 and that was their goal all aloneg, now run and buy new boards again you little sheeple.

[OutOfMemory]

my early i7 still kicking ass after all these years.

Lots of other upgrades and re-upgrades latest was a 1040ti I think.

SSD etc. no real need to spend the silly money for newer components right now (or the money)

oh totally, I have yet to see a compelling reason to move off my hotrodded X58 setup; 48G of RAM, nvme boot drive, 1080ti, it does what I need

Nice setup. My daily driver is still an i7 4770K, 16GB RAM, 1080ti.

I'll probably upgrade in 2022 when Zen 4 releases. It's supposed to release on a new socket (AM5), and support a lot of the next gen tech, like USB 4.0 and PCIe 4.0. I'd also like to get away from Intel due to all the security vulnerabilities.

Did you mean DDR5 and USB 4?


Ryzen 3 supports PCIE 4.0.



AFAIK The new intel socket will support PCIE 4.0 but eh CPU's don't. Rotflmfao what a joke they are twisting marketing to make it sound like they do. And the Intel Fanboi shills are all trying to make it sound like thats a reason to buy the new socket, so you can upgrade the cpu in the future and have PCIE 4.0. funny thing is the retard fanboi's are eating it up. Its going to be even funnier when the next Intel gen gets released and they find out they need a new socket again because cough DDR5. LOL but then they will be saying how great it is to have DDR5 and that was their goal all aloneg, now run and buy new boards again you little sheeple.

I am still on Intel, mainly because my i7-2800K is still sufficient as desktop processor and some 3-4 year old i5 on the laptop for cooler operation (lower fan noise, more battery time) but my next mobile one will probably be a Ryzen, too. They have come into Intel territories, regarding operation temps and single core processing power (for DAW use).
Intel is just marketing crap nowadays, not to mention the numerous bugfixes rolled out that impact performance considerably  

EDIT: Anybody aware of a 2019/2020 notebook without bottom vents? Currently i run on Acer x349, but i failed to find a successor yet. Even the newer Swift 3 has bottom vents now. Suxx 

[bkbirge]

Read that quote 3 times fast...
https://cointelegraph.com/news/original-blockchain-bitcoin-different-paths-to-decentralization

“What is essential to ensure the cryptographic integrity of the system, and the decentralization of validation, is in fact, truly central. It is the unavoidable aspect of making a credible record. But the rotation of the successive block creation, its purpose is not achieving the purpose of increasing the cryptographic strength of the system.”

[Hueristic]

EDIT: Anybody aware of a 2019/2020 notebook without bottom vents? Currently i run on Acer x349, but i failed to find a successor yet. Even the newer Swift 3 has bottom vents now. Suxx 

I don't know much about lappy's but here's a nice one on sale.

https://www.bestbuy.com/site/asus-rog-zephyrus-g-15-6-gaming-laptop-amd-ryzen-7-16gb-memory-nvidia-geforce-gtx-1660-ti-max-q-512gb-ssd-metalic-hairline-black/6335912.p?acampID=614286&irclickid=zAmXG3U5zxyOWw005-R4sULoUkizGzR0ESMPwM0&irgwc=1&loc=zAmXG3U5zxyOWw005-R4sULoUkizGzR0ESMPwM0&mpid=221109&ref=198&skuId=6335912

I'm still running an old I3 quad asus that does the job fine. but I don't game on a laptop. Actually I don't game much at all anymore, getting old I guess.

[LFC_Bitcoin]

1 week before the halving in July 2016 & the price is $673

[cafetools]

Why no bottom vents? so it doesnt heat up when its on your stomach/ lap?

I bought a Acer aspire 5 slim ryzen 3 AMD vega, on amazon they are $350 but i bought a refurb one they $80 cheaper! it was brand new literally, not even 1 fingerprint on it.

[Last of the V8s]

[OutOfMemory]

EDIT: Anybody aware of a 2019/2020 notebook without bottom vents? Currently i run on Acer x349, but i failed to find a successor yet. Even the newer Swift 3 has bottom vents now. Suxx  

I don't know much about lappy's but here's a nice one on sale.

https://www.bestbuy.com/site/asus-rog-zephyrus-g-15-6-gaming-laptop-amd-ryzen-7-16gb-memory-nvidia-geforce-gtx-1660-ti-max-q-512gb-ssd-metalic-hairline-black/6335912.p?acampID=614286&irclickid=zAmXG3U5zxyOWw005-R4sULoUkizGzR0ESMPwM0&irgwc=1&loc=zAmXG3U5zxyOWw005-R4sULoUkizGzR0ESMPwM0&mpid=221109&ref=198&skuId=6335912

I'm still running an old I3 quad asus that does the job fine. but I don't game on a laptop. Actually I don't game much at all anymore, getting old I guess.

Looks nice, classic design. Just too big for me, 14 inch screen is my personal maximum.
I started into the notebook era with these 9-inch vaio's, when i did a lot of wifi/lan packet sniffing on the road, settled with 12/13 inch screens for a long time, but my aged eyes need 14 inch for full-HD to save me from headaches...

Why no bottom vents? so it doesnt heat up when its on your stomach/ lap?

I bought a Acer aspire 5 slim ryzen 3 AMD vega, on amazon they are $350 but i bought a refurb one they $80 cheaper! it was brand new literally, not even 1 fingerprint on it.

Yep. The old couch/blanket issue.
The Acer models from 2017, based on the Swift aluminum cases, are my go-to reference. Good work, no bottom vents, good battery life, nice non-glare screen, sufficient for indoor use. I really consider getting a used one as replacement for my wife's Swift3 (screen flickers, old Acer problem with the crappy display connector on the sub-board).