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

[heslo]

RE Saylor...he plomped $170 mil of his OWN money into the corn as well.
https://twitter.com/michael_saylor/status/1321422012380753921

the guy knows how to DCA,  

I literally don't know what I would do if I was sitting on a $60m profit.

Neither do I but what a problem to have

[Phil_S]

[serveria.com]

Poor Roach (not) 

[serveria.com]

[editet out]

Thanks, very helpful post.

Hey I'd like to start mining ETH just for fun. What are the specs of the GPU rig you could suggest? Nothing fancy just a budget GPU. Any hints?

Today AMD announced new cards 7nm navi 2. I expect 6800 xt to be the best for mining with price starting from $550. The navi 1 radeon vii was a beast with around 100 Mh, so I guess something like 150 Mh for 250 W. It is comparable with the asic miners, so for the next year this will be the card to go for mining.

He can start today with a 5600xt like this

https://www.amazon.com/MSI-Radeon-RX-5600-XT/dp/B08CKDLN91/ref=sxts_sxwds-bia-wc-p13n1_0?

mounted to a board like this

 https://www.ebay.com/itm/Onda-B250-D8P-D4-Ver-1-00-12-GPU-Mining-Motherboard-with-CPU-and-4GB-DDR4-Bundle/233761067107?

and a decent psu like this

https://www.ebay.com/itm/CORSAIR-RMx-Series-RM850x-CP-9020180-NA-850W-ATX12V-EPS12V-80-PLUS-GOLD-Certif/302647528762?


this would be a mining rig with room to expand down the road.

my thread here has a lot of info


https://bitcointalk.org/index.php?topic=5144362.0


you can opt for mining rigs
you can opt for gamer/miner rig.

[bitebits]

Hello Bitfinex whale. Nice to see you again.

[...]

1/  The yellow boxes are densely stacked sell orders, put there almost certainly by one entity. The last time we saw orders like that, it signaled the beginning of the end of the move up.

2/  I suspect we see something similar this time around. Price bouncing around in a channel for awhile, but not going much higher than those orders. Then eventually falling back down to the green trendline.

3/  But before that happens, there will likely be an opportunity to buy in the green box. If the election is contested, markets won’t like the uncertainly, and are expected to sell off. I expect BTC will sell off too. I’d set my buy orders at the green trendline.

https://twitter.com/colegarnerbtc/status/1321503863392866304

[JayJuanGee]

But Micheal Saylor is a real Bitcoin Bull.... I would say he must be a WO regular!


https://twitter.com/michael_saylor/status/1321422012380753921?s=20

While reading this tweet just remember he also hodl the 90% voting rights in MSTRG. So he informed the other managers, but in the end he self-voted his decision.

This is an interesting additional piece of information that was not really publicly known, previously.

So, we had found out that Saylor authorized his company to buy something in the neighborhood of 38k BTC at $425 million in two authorizations.

Now we are finding out that Saylor had also stocked up in his own personal stash of around $175 million.

Of course, both sets of purchase are quit a bit into profits in a relatively short period of time.

He can make any of us look and feel like small potatoes.. and there are similarly situated folks out there, like Michael Saylor who are well-likely sitting on a lot of cash and trying to figure out where to park such cash in order to at least NOT lose value.

[fillippone]

But Micheal Saylor is a real Bitcoin Bull.... I would say he must be a WO regular!


https://twitter.com/michael_saylor/status/1321422012380753921?s=20

While reading this tweet just remember he also hodl the 90% voting rights in MSTRG. So he informed the other managers, but in the end he self-voted his decision.

This is an interesting additional piece of information that was not really publicly known, previously.

Well, this is why I craft my thread very attentively: to disclose information going below the very first superficial layer.

All was already written in this posts (actually it is 75%, not 90%, but nothing really change).

Link to thread:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[FullNode]

BLACKROCK DOWNGRADES US TREASURIES; WHAT IT MEANS FOR BITCOIN?
New York-based @blackrock that handles $7.8 trillion worth of assets under management downgraded its ratings of the US Treasuries.
The firm stated that investors have no benefit in holding nominal government debts, mostly as its yields stay meagre.

https://bitcoinist.com/blackrock-downgrades-us-treasuries-what-it-means-for-bitcoin/
BTC

[BitcoinGirl.Club]

Good morning WO!
Observing @ $ 13,200

So finally we are moving forward. I missed everything in-between. What changed?

[El duderino_]

Recent rise in #bitcoin  price and drop in gold price, increased the price of bitcoin to 7 ounces of gold. IMO this is significant.

https://twitter.com/100trillionusd/status/1321731076767830017?s=21

[JayJuanGee]

Nice post fillippone. Did I light up your bracelet? Does it flash when double merited?

Of course, it flashed and vibrated when you merited me (single merit, not double), and again when you mentioned me.
You actually sent a double thrill on my body.

My body is ready. (also for this)

fillippone .... edited out a wall of fillippones.......  fillippone fillippone fillippone fillippone

TEST123 #nohomo

Looks like homo to me, even if you disclaim.

 

[Paashaas]

Good morning WO!
Observing @ $ 13,200

So finally we are moving forward. I missed everything in-between. What changed?

Goodmorning BitcoinGirl.Club. Bitcoin is slowly decoupling from the stock and gold market.

Recent rise in #bitcoin  price and drop in gold price, increased the price of bitcoin to 7 ounces of gold. IMO this is significant.

https://twitter.com/100trillionusd/status/1321731076767830017?s=21

Goeiemorgen El duderino.

Watching the same post at the same time lol.

It looks like Bitcoin is getting ready to conquer a larger portion of the gold market cap.

Right now BTC is at about 2.4% of the market size of gold.

This is only the beginning.

https://twitter.com/ecoinometrics/status/1321731938541948929

[BitcoinGirl.Club]

<snip>

Morning!
So had $13,800+ at some point and then we are down to $700+. Looks like market is trying to stable at some price around the current price.

Wall Street Suffers Worst Day Since June

[philipma1957]

Also there are large drops in difficulty due to end of rainy season in China.

This puts downward pressure on price.

This difficulty my gear earns 1 btc for the entire 2 weeks

But with a 15% drops in diff next 2 weeks

I earn 1.15btc

this means as a  miner I have a spare 0.15btc due to higher earnings which I can sell off.

Thus downward pressure on price from miners for the next 17 days.


besides the expected .15 increase in coin for a 1 btc miner there are huge fees.

https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer

blocks
654662 over 2.8 coins in fees
654661 over 2.5 coins in fees
654660 over 2.6 coins in fees

huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly  thus more downward price pressure.

So whales sitting on 50 million in profit
and big pools getting huge fees

both point to us going down in price.

[friends1980]

Nice post fillippone. Did I light up your bracelet? Does it flash when double merited?

Of course, it flashed and vibrated when you merited me (single merit, not double), and again when you mentioned me.
You actually sent a double thrill on my body.

My body is ready. (also for this)

fillippone .... edited out a wall of fillippones.......  fillippone fillippone fillippone fillippone

TEST123 #nohomo

Looks like homo to me, even if you disclaim.

 

Hope Of Missing Out?

It looks like we're expanding the dictionary of trading vocabulary more and more every day...

[infofront]

Previous poll results:

[soullyG]

Bounced nicely off $13000, now at $13420 and rising

[philipma1957]

I missed I was too low on that poll.

This time I voted we go under 13k.

[Karartma1]

But Micheal Saylor is a real Bitcoin Bull.... I would say he must be a WO regular!


https://twitter.com/michael_saylor/status/1321422012380753921?s=20

While reading this tweet just remember he also hodl the 90% voting rights in MSTRG. So he informed the other managers, but in the end he self-voted his decision.

This is an interesting additional piece of information that was not really publicly known, previously.

Well, this is why I craft my thread very attentively: to disclose information going below the very first superficial layer.

All was already written in this posts (actually it is 75%, not 90%, but nothing really change).

Link to thread:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

I hope the guy has invested in his personal security too. I mean his OpSec is completely gone. I wouldn't sleep very well at night knowing the world knows I have 17k damn coins!

[El duderino_]

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear