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

[ProfTP]

And there is a new AYH just about 1000Dollores under the ATH.

As I type this post, I calculate the difference to be $689... since we had an ATH of $19,666 and we had a AYH from yesterday (about 17 hours ago) of $18,977.

is Bitstamp the official WallObserver exchange for prices?

on Bitfinex or Coinbase ATH was $19891.

Yes... we use bitstamp here for those kinds of general price discussions including ATH type issues, but if you have some point that you want to make about some other activities on other exchanges that includes price, then of course you can discuss those issues too.. and in that regard it would be good to mention which exchange(s) you are talking about..   

Sometimes, of course, we will discuss exchange arbitrage type issues too, in order to figure out some of those dynamics, sometimes - which exchange arbitrage seems to be a bit less of an issue than it was in 2014, 2015, 2016, and even 2017 at least with the BIGGER ones.. but who knows about if those matters might rear their ugly heads again, , these days as compared to historically in which sometimes there would be 10% price differentiations between exchanges, and sometimes we discuss those kinds of difference of price matters too to the extent that it might be relevant to some point that is in discussion or that someone might want to bring up.... and of course, if you are making those kinds of comparisons, then mentioning which exchange(s) is/are at issue would help, too.

an explationary post by JayJuanGee gives all the information you need. Maybe a grain to much to compute.

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[Biodom]

Last time I checked this was a BTC/USD thread..

Please remind yourself of that next time you post some bs "pictures" indicating nothing, but I digress.
You see, you are prone to some 'funzies' after all.

BTC/USD is affected by other things in the market, don't you think?
Besides, this thread was "political" for two weeks. Where were your strong objections then?
I dare to say that you probably lost your bag on some shitcoin, hence being so bitter about it.

[Cryptotourist]

d_eddie, that 15000 hat of yours, is so out of style.

15k stable
end of year brings ATH
time to change my hat

#haiku

[explorer]

   Still tracking that channel for 7 weeks or so.  I don't see why it can't run a few more days to deliver an ATH.

[philipma1957]

Last time I checked this was a BTC/USD thread..

Please remind yourself of that next time you post some bs "pictures" indicating nothing, but I digress.
You see, you are prone to some 'funzies' after all.

BTC/USD is affected by other things in the market, don't you think?
Besides, this thread was "political" for two weeks. Where were your strong objections then?
I dare to say that you probably lost your bag on some shitcoin, hence being so bitter about it.

Meanwhile as I predicted the eth to btc % has become closer to 4% .

BTC is simply not in a vacuum no more complex than that.

So if you mine both btc and eth as I do watching the ratio between them is a necessity.

my observation is :

1200/20000 in 2017 was 6%
510/18000 is 2.83333 %

the average of Them is 4.4166 %


so does btc drop to get closer to 4.166%
or does eth go up to get closer to 4.166

well
both went up

540/18266 = 2.899%

I do not chart.
I do ratios.
I make guesses from many different ratios.

no more complex than that.

I say the 2.899% number is too low and should approach 4.166%

so does eth go up
does btc go down

do both go up but eth faster.

do both go down but eth slower.

all of the above does not mean I give a shit about eth or hodl eth or recommend eth.

but (cost of energy per watt to get btc is the key.)

and my methods determine what to mine to get btc

and it is no more complex than this:

Mining eth and convert to btc  is less costly per watt than directly mining btc.

And my opinion is that this will continue onwards for at least 40 days.

Note the bold type this is the entire purpose of mining btc in the first place to convert energy into btc.

not my idea at all.

https://en.wikipedia.org/wiki/Satoshi_Nakamoto

Satoshi came up with it.


So if I use eth as a tool to analyze and acquire btc using less energy  well then more power to me. ( a cheap pun)

[serveria.com]

I dunno...$18k-$19k seems to be a top retail price for most. Seems most dont want to buy at higher prices.  Just institutions sucking up all the mining supply.
Anyway..best guess on a possible correction pattern.

#dyor

D

#stronghands

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

[serveria.com]

Until a couple of days ago, I was expecting some kind of swing action between 14.5k and 16k, possibly until the end of the year. Now I see similar patterns on the hourly, the 4 hour and the daily: higher highs, lower lows. Nothing exact, of course, because she follows her own rules anyway. So it's strictly SOMA, but this could be the bull run we've been waiting for a while. I don't mean the ultimate bull run (will there ever be one? I suspect and hope not), but something echoing 2017-2018, with unexpected* highs in late December/early January, and a sensible correction soon after that. We'll know soon enough I guess: as soon as the past ATH is broken, it's going to be FOMO all the way.


* speaking from a normie POW

Well I could buy this one... if we'll break ATH FOMO is inevitable... 

[Toxic2040]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

[serveria.com]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

[itod]

I doubt it $13k is going to happen anytime soon (ever?). And also according to your graph we're going to recover in around February-March 2021? Also straight line to the moon looks improbable. IMHO we're going to ~$50-70k top then down to $25-30k and then to the moon November-December 2021. 

a good as prediction as any i think    these are just 1 sigma soma doodles on a chart to give peoples something to stare at as we await carolina

i dun know nothin

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

This looks true to me. Hands that buy through PayPal are week, they'll panic out and sell on the first dip. PayPal is good for bringing hype around BTC and nothing else, serious fresh money has to come from investment funds.

[_javi_]

I just destroyed over 1,000 bitcoin days myself, but I didn’t sell any..

Me too.. I moved 18500usd paying a 10cent fee

[Toxic2040]

A good point by El Dude earlier today - what would a noob (just bought $500 worth BTC on Paypal) think upon seeing $13k in a graph on what he considers to be a trustworthy BTC guru forum? F*CKING SELL! RIGHT NOW! 

This looks true to me. Hands that buy through PayPal are week, they'll panic out and sell on the first dip. PayPal is good for bringing hype around BTC and nothing else, serious fresh money has to come from investment funds.

Do you think pp buyers are hunting thru interweb forums for signals? And they are daytarding? Hmmm...hadnt thought about that possibility actually. I think I have been pretty clear about doing ones own research. Probably better safe than sorry however.

Appreciate the feedback.

[Cryptotourist]

1200/20000 in 2017 was 6%
510/18000 is 2.83333 %

Why do you insist on using US dollars?
If your goal is to acquire more BTC, then you should really use the BTC pairs.

In 2017, ETH/BTC pair was @0.152 BTC per ETH on June the 8th, or $404.99 at the time.
If you sold your ETH for BTC then, that would have been great.
On 11th of January 2018, ETH hit $1594.89 ATH, but at the same time its value in BTC was ~ 0.1
Now if you had sold 1 ETH on the 8th of June, kept the BTC for a few months, and sold it @19666, what would have been the outcome? ~$2400 for that single ETH?

This is a perfect timing example of course, but it is what it is.

And my opinion is that this will continue onwards for at least 40 days.

Currently ETH is still in a downtrend, so you must mean, after 40 days.

Satoshi came up with it.

Well he didn't know about ETH at the time, did he?


Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

F*CKING SELL! RIGHT NOW! 

Good.
That noob should never had bought BTC, in the first place. Oh wait, he didn't.

[bitserve]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

Is it that much different than all the people mining FIAT with their workforce to buy Bitcoin? How did you buy yours? Do you even mine bro?

I know you do.. or did... but had to say that

[philipma1957]

1200/20000 in 2017 was 6%
510/18000 is 2.83333 %

Why do you insist on using US dollars?
If your goal is to acquire more BTC, then you should really use the BTC pairs.

In 2017, ETH/BTC pair was @0.152 BTC per ETH on June the 8th, or $404.99 at the time.
If you sold your ETH for BTC then, that would have been great.
On 11th of January 2018, ETH hit $1594.89 ATH, but at the same time its value in BTC was ~ 0.1
Now if you had sold 1 ETH on the 8th of June, kept the BTC for a few months, and sold it @19666, what would have been the outcome? ~$2400 for that single ETH?

This is a perfect timing example of course, but it is what it is.

And my opinion is that this will continue onwards for at least 40 days.

Currently ETH is still in a downtrend, so you must mean, after 40 days.

Satoshi came up with it.

Well he didn't know about ETH at the time, did he?


Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

F*CKING SELL! RIGHT NOW!  

Good.
That noob should never had bought BTC, in the first place. Oh wait, he didn't.

here is the deal dollar per watt is how I pay the power bill.

so
 if gpu to eth to btc cost me 1 dollar to get 2 dollars worth of btc
and asic to btc cost me 1.5 dollars to get 2 dollars worth of btc

mining eth is better.

Most people on this thread buy and hodl or trade a bit. some mine.

I Never said I hodl eth.
I look at power cost to get btc.

Since power cost is in usd for now I base on usd.

this is about power cost for me. not eth. or doge or ltc

I don't care about those coins other then their ability to get me btc cheaper then directly mining btc.

Look if you don't mine and want to avoid all coins,  but btc I am fine with that.



to be fair as soon as I can pay my power in btc I will no longer show usd numbers

[cAPSLOCK]

I dunno...$18k-$19k seems to be a top retail price for most. Seems most dont want to buy at higher prices.  Just institutions sucking up all the mining supply.
Anyway..best guess on a possible correction pattern.

#dyor

D

#stronghands

You just drew exactly the way I have idealized this to go.  I think in part based on the idea that it mirrors 2016's drop after breaking the 1K ATH. 

The two thoughts that make me wonder are:

-  It happened once that way... why would it just do it again?
-  This is a different game.  The players have a different strategy, and MORE CASH.

[d_eddie]

d_eddie, that 15000 hat of yours, is so out of style.

15k stable
end of year brings ATH
time to change my hat

#haiku

That's right, sorry I'm lagging behind. Need to poke our Official Hatter

[philipma1957]

back to new records.   all from this thread link

https://bitcointalk.org/index.php?topic=138109.0

nov 2020 is the only month to always be over 13,000

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05  14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710  Nov 2020 the only month to ever stay above 13,000

Nov 6   to Nov 21

2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,652
2020-11-12  15,939  
2020-11-13  16,279
2020-11-14  15,982
2020-11-15  15,972
2020-11-16  16,409
2020-11-17  17,260
2020-11-18  17,874
2020-11-19  17,792
2020-11-20  18,370
2020-11-21  18,710 longest streak over 15,000

[aesma]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

You can't mine BTC with GPUs right now. You need to buy expensive ASICs, that become worthless quickly.

I got my BTC stash in 2013 by mining LTC and selling it for BTC. I never cared for LTC, but that was the way to do it with less risk back then, and even truer right now, because at least the PC hardware was worth something when mining wasn't profitable anymore.

[philipma1957]

Finally philip, I do appreciate some insights you provide, but turning WO into "mine ETH for BTC - Oh" is just not right.
Not to mention that I find your ratios totally misleading. Better off mining BTC, any day of the year, shit excluded.

You can't mine BTC with GPUs right now. You need to buy expensive ASICs, that become worthless quickly.

I got my BTC stash in 2013 by mining LTC and selling it for BTC. I never cared for LTC, but that was the way to do it with less risk back then, and even truer right now, because at least the PC hardware was worth something when mining wasn't profitable anymore.

I know but you just can't make them understand how good

gpu to eth to btc is at the moment.

Buy a new card 3 year warranty. I still mine with 1080ti's from dec 2017 and they turn profit.