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

[philipma1957]

So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.

Eth fees are insane.

I mine eth and directly convert it to BTC and fiat.

for me an eth coin is paid as if it is 1.89 x actual coin price as the fees are 89% after the pool takes its cut.

So 1700 x 1.89 = 3213 so I get paid as if an eth coin is worth  3213.

My mining deal is ½ to the host so 1606.5 for me and 1606.5 for the host.

basically 1700- 1606.50 = 93.50 for a 1700 coin

I immediately convert 900 to btc and 800 to cash

So as a miner my eth allows me to buy 900 in btc for 93.50 and have 800 cash.

This is stupid good for me and every other eth miner that understands what to do with the cheaply acquired eth.

I only wish I could get more mini gear to get more eth to convert to btc

I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc.

obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers.

[JayJuanGee]

Told myself yesterday I'm going to buy more if 40K is passed. Time to open the wallet...

Something is wrong with this scenario.. but hey, peeps gonna do what peeps gonna do... and surely better to be getting in rather than waiting (sitting on thumbs).. that's for sure.

   

Told myself yesterday I'm going to buy more if 40K is passed. Time to open the wallet...

Wait for 42,000$ to be on the safe side.

Yeah.. wait until $100k to be "really safe."

 

[edited out]

I CALL UPON AND INVOKE THE JJG GODS TO HELP ME MAKE ME SOME MORE FUN OF THE LIGHT BULB !!!! BZZZZZZZZZ !!! Go install some solar panels. ... 600whats are lots of whats.

Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point.

These days.. 65watts can give off the same quantity of lumenes.... as the old 600w..

In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize.

 

Ok, so I see we're rich again, gals? 

Been dancing up n down between 40 and 40,7 for almost 4 hours, this is pure torment I've discovered emotions I didn't even know I had before.

Bitcoin oh Bitcoin
Bitcoin Bitcoin oh Bitcoin
Oh Bitcoin Bitcoin

#nohomo

Don't get emotional, F1980..

This is nothing but a thing - largely normal BTC price movement - even though many of us are either becoming richie or already having had been become richie with a wee bit of icing on the cake (and more icing, and moar.. but who's counting?  perhaps the emotional ones?)

[dieselmeister]

Quick 41K kiss...

You mean like poseidon's kiss?  

God that's disgusting. I LOVE IT

You are welcome 

[600watt]

Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point.

These days.. 65watts can give off the same quantity of lumenes.... as the old 600w..

In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize.

 

fuck those cold LEdiodes. i am all for high pressure sodium with lots of juice throughput.

[marcus_of_augustus]

https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macro-strategy

[Biodom]

So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.

I only wish I could get more mini gear to get more eth to convert to btc

I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc.

obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers.

Stupid cards are nowhere to be seen.
I have only two 1080 ti, one is in a gaming PC, another is mining grin (yes, I am a stubborn fella).
Sure, i am missing out on not doing eth and converting to btc, whatever, small potatoes.

That said, 3080 unavailability is starting to piss me off (I am not paying $1.5K for a $700 card) and and everybody are blaming eth miners for it.

[xhomerx10]

Exactamente!!!!!.... I am in complete agreement with you, Save the RF, on this particular lame and irrelevant point.

These days.. 65watts can give off the same quantity of lumenes.... as the old 600w..

In that regard, we (the royal we, perhaps?) surely need a 65watt 600w in order to modernize.

 

fuck those cold LEdiodes. i am all for high pressure sodium with lots of juice throughput.

 You have to keep those little babies warm too

[Hhampuz]

https://www.microstrategy.com/en/bitcoin/videos/bitcoin-macro-strategy

Damn he's flexing that '09 The Times there in the background, Ross is.

[goldkingcoiner]

If you imbue a private key on a physical gold BTC coin and put 1 BTC into the BTC address, you would have a golden Bitcoin worth more than BTC. Silver Haze, before you ask. How is everyone doing today?


Edit: Why is Elon Musk pumping Doge so hard? Lining his own pockets?

[dieselmeister]

[Gyrsur]

https://ycharts.com/indicators/bitcoin_average_transaction_fee

[El duderino_]

url generator free

[Gyrsur]

[Hhampuz]

~

Is that all the gold you need to buy 1BTC? Imagine all the space you need 

[Gyrsur]

~

Is that all the gold you need to buy 1BTC? Imagine all the space you need  

yes. 1 BTC = 22 oz Gold currently.

if you have to leave the country your anus is to small for all the Gold! 

[Gyrsur]

So I've been playing around with DeFi with a small bit of some of my old ETH and I went to "stake" some coins and the gas fee was over $2k. I canceled the transaction but I don't see ETH lasting much longer as it is. I've warned people away from ETH due to how overloaded it has all become and it appears that it is unusable at this point.

Eth fees are insane.

I mine eth and directly convert it to BTC and fiat.

for me an eth coin is paid as if it is 1.89 x actual coin price as the fees are 89% after the pool takes its cut.

So 1700 x 1.89 = 3213 so I get paid as if an eth coin is worth  3213.

My mining deal is ½ to the host so 1606.5 for me and 1606.5 for the host.

basically 1700- 1606.50 = 93.50 for a 1700 coin

I immediately convert 900 to btc and 800 to cash

So as a miner my eth allows me to buy 900 in btc for 93.50 and have 800 cash.

This is stupid good for me and every other eth miner that understands what to do with the cheaply acquired eth.

I only wish I could get more mini gear to get more eth to convert to btc

I am paying under 11 cents to the dollar for my btc. to around 4400 for 1 btc.

obviously I don't have enough mining gear with this or I would not post here. As I would make Bob and Rick look like paupers.

I see the flippening not coming...  

https://cointelegraph.com/news/ethereum-posts-new-highs-as-defi-gas-fees-top-1-000-on-complex-protocols

https://www.flippening.watch some outdated data from AUGUST 20TH, 2020 11:01AM US PACIFIC

[True Myth]

Got drunk and put some more random lines on the random lined chart. 

Posting my projection in the event that I hit a .0005% chance of being correct so I can pretend I knew everything all along.

Breakout above ATH on February 14th with a price target of $48,500.

[Elwar]

Observing large walls at $41k and $42k.

Hopefully there's enough pressure to push through and avoid a double top.

[Gyrsur]

Observing large walls at $41k and $42k.

Hopefully there's enough pressure to push through and avoid a double top.

double tops should be avoided at all costs. 

[lightfoot]