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

[bitebits]

https://twitter.com/ryandraycott/status/1282009373133484036

[1714929903]

1714929903

[1714929903]

1714929903

[bitebits]

https://btc.com/stats/diff

Halfway into the two weeks difficulty period. Next difficulty adjustment expected to be +6% and ATH. The Bitcoin network is in top notch conduction, bullish!

Next difficulty adjustment in 24 blocks. Expected +9.5% to 17.29T, which is an All Time High (previous ATH was 16.55T around the halving).

Bitcoin boring or bearish? Far from!

[jbreher]

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

That's a steaming pile of horseshit if I ever saw one.

First of all, BTC's hash rate is about 60x bigger than that of BSV.

Second of all, BSV's hash rate is highly centralized among a small number of miners.

Such differences are not fundamental, and not due to any technical aspect of the coins/chains in question. They are merely differences in today's preferences of the market participants.

BSV is mineable by the same set of participants as is BTC.

And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.   

[LFC_Bitcoin]

Next difficulty adjustment in 24 blocks. Expected +9.5% to 17.29T, which is an All Time High (previous ATH was 16.55T around the halving).

Bitcoin boring or bearish? Far from!

Miner death spiral FUD, get in the bin!

[somac.]

God damn, just get the fuck over 9300 without someone knocking you down straight after.

[LFC_Bitcoin]

https://twitter.com/alistairmilne/status/1282630594107781121?s=21

[dre1982]

https://twitter.com/alistairmilne/status/1282630594107781121?s=21

I read the last months a lot about signals for a new ATH. Let's hope it will start soon (now I finally got some funds)

[fillippone]

We have two ATH in bitcoin today!

• Difficulty ATH
  

  The 318th Bitcoin mining period has started with block 639,072. ⛏ New difficulty: 17,345,948,872,516 (+9.89%)

  
  https://twitter.com/btcblockbot/status/1282644004681723905?s=21
  
• Block ATH@639072!

Bitcoin is so much more than his price!

[sirazimuth]

• Block ATH@639072!

Bitcoin is so much more than his price!

Block ATH?
Doesn’t that happen like every 10 minutes or am I missing something?

[somac.]

https://twitter.com/alistairmilne/status/1282630594107781121?s=21

Mmmm, love that hopium.

[fillippone]

• Block ATH@639072!

Bitcoin is so much more than his price!

Block ATH?
Doesn’t that happen like every 10 minutes or am I missing something?

Exactly!
Every mined block strengthen the network and the Bitcoin experiment.
I celebrate every new block as a proof of Bitcoin Resilency.
I don’t give anything for granted.

[sirazimuth]

That’s the spirit!

[kellrobinson]

To do a regression on bitcoin's long term trend, get rid of the manic price actions (the stuff in blue). Do a regression on the red data. You get the yellow line. Its equation is price = 10^(.09242*sqrt(d)-1.5011) where d is the days elapsed since September 11, 2010



 I project a brief top between $150k and $200k around late 2021, followed by a grinding bear market reverting eventually to the base trend.

Well, there are 4128 days between September 11 2010 and December 30 2021.
Putting this into formula gives the price of $27342 , nowhere close to 150-200K
Details:
sqrt of 4128 is about 64.25, multiplication by 0.09242 gives about 5.938, which after subtracting 1.5011 results in 4.43684, which is your exponent.
10^4.43684 is 27342

maybe, adjust the number you are subtracting?
Or, your order of operations is written incorrectly (multiplication precedes addition or subtraction)
https://en.wikipedia.org/wiki/Order_of_operations

I'm guessing that formula is a quantitative projection of the baseline, and the blowoff top number given (150k) is more of heuristic estimation according to historic baseline-peak ratios

You've got the idea.  This thread shows exactly how I arrived at the $150-200k quantitative projection of the next peak based on past quadrennial cycles, and includes some pretty pictures.
https://bitcointalk.org/index.php?topic=5198154.msg52962479#msg52962479

[dragonvslinux]

Not sure if someone already shared this, but Hash Ribbons indicator just gave it's 12th buy signal in 10 years 

Buy signal confirmed on Weekly chart!



Hash rate 7 day MA at new ATH 

[DaRude]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you. Are you not on top of your game cause your scam coin dropped bellow Cardano by market cap today? No worries, just hit up Ayre to pump it by 20% for old times sake

[DaRude]

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

That's a steaming pile of horseshit if I ever saw one.

First of all, BTC's hash rate is about 60x bigger than that of BSV.

Second of all, BSV's hash rate is highly centralized among a small number of miners.

Such differences are not fundamental, and not due to any technical aspect of the coins/chains in question. They are merely differences in today's preferences of the market participants.

BSV is mineable by the same set of participants as is BTC.

And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.   

Is this when jbreher pulls up some exceptional definition of centralized, to school everyone on how by that one-off definition BTC is as centralized as BSv? Where we all know that he's full of it?

[BlackHatCoiner]

[LFC_Bitcoin]

@TheMoonCarl
I honestly think that #Bitcoin  is right now getting ready for a huge move towards $20,000.

This is the calm before the storm.
https://twitter.com/themooncarl/status/1282678113902755842?s=21

[rdbase]

^^ He is pro bitcoin and wants to be prez let him reclaim his name as coinye.
He just might do it if gets ever social media addicted people in the states to vote for him and have a woman as his running mate.
Bitcoin is pumping so it is a good day.
Down with the banks yoooo!

[Icygreen]

Perhaps the market makers FED's major move is to create fomo into stocks while keeping BTC stable/or showing decline.
Patience brothers, and remember your training.