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

[JimboToronto]

A splendid good morning Bitcoinland.

https://www.youtube.com/watch?v=Pn59e0xAZAk

Woke up just in time to see us reach our new ATH ($44899 Stamp)... currently $43695USD/$55804CAD (Bitcoinaverage).

Getting closer to that 400 acres /w private lake.

Thank you Bitcoin.

[vroom]

[philipma1957]

Yes I feel like this is a weak pump after such news. First Musk pump lasted shortly. Let's hope this one will be better.

It's not doge for sh*ts and giggles. He's already seriously endorsed btc more than a week ago and said he regretted "not buying it earlier" which is a strong hint that he bought. And since he's loaded, he must have bought a lot. This time is a confirmation. He'll have to buy a way bigger chunk next time to pump it that much. Or he'll have to reveal a previously bought bunch

He can do multiple BTC purchases using his Doge profits.


Look here goes nothing but he did this (at least I think he did)

Purchased Doge for years at 0.001 to 0.002 usd

it was easy for him to do this as doge was way under priced.

128,289,785,324  amount of doge available

https://coinmarketcap.com/currencies/dogecoin/

on  feb 17 2019 doge was worth 0.001974

So if he began buying doge then up until last

nov 15th 2020 doge was worth 0.002796

average purchase price of 0.002385

 1 billion coins is only 2,385000
10 billion coins is only 23,850,000


stack sales at 5, 6 ,7, 8 cents.

6.5 cent average

0.065 x 10,000,000,000 = 650,000,000

So that would let him buy the btc  fairly cheaply.

sin the first 650,000,000 really only cost him 23,850,000

[rdbase]

Yes I feel like this is a weak pump after such news. First Musk pump lasted shortly. Let's hope this one will be better.

It's not doge for sh*ts and giggles. He's already seriously endorsed btc more than a week ago and said he regretted "not buying it earlier" which is a strong hint that he bought. And since he's loaded, he must have bought a lot. This time is a confirmation. He'll have to buy a way bigger chunk next time to pump it that much. Or he'll have to reveal a previously bought bunch

He seems to be experimenting with his buying of BTC to see how much it pumps up on this drop in the bucket for him.
Next one might be bigger if he wants to pump his bags of whatever he holds and hedge them. Unlike what Portney tried to do but failed miserably.
Get ready Observers!

https://cointelegraph.com/news/bitcoin-hits-43k-all-time-high-as-tesla-invests-1-5-billion-in-btc

$44.9k right now within an hour of the news breaking.

Sorry, you are 57 post late.

Tesla just confirmed a $1.5 billion purchase, Jesus Christ. Want to accept BTC for their products too

https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf

"Life moves fast... blink and you just might miss it."
Ferris Bueller

[Elwar]

Crossing $42k was necessary to continue this rally. Tesla buying will prompt a whole new push upwards due to the acceptance that it is what the smart companies are doing.



Also, I was contemplating my next car. A plug in hybrid Pacifica or Rav4. I didn't consider Tesla because I want to be able to drive long distances.

But after Musk started tweeting positive things about Bitcoin I looked into Tesla. Looks like charging stations are common enough that I can drive most places no problem.

If I can buy a Tesla with bitcoin I'm buying one.

[d_eddie]

Next step - integrate Bitcoin mining in Tesla while driving.

Maybe redesign the climate system to use an ASIC as a source of heat? Not so effective in warm climates though. Not to mention the impact on battery life... it looks like a tough engineering problem. 

[hisslyness]

Yes I feel like this is a weak pump after such news. First Musk pump lasted shortly. Let's hope this one will be better.

It's not doge for sh*ts and giggles. He's already seriously endorsed btc more than a week ago and said he regretted "not buying it earlier" which is a strong hint that he bought. And since he's loaded, he must have bought a lot. This time is a confirmation. He'll have to buy a way bigger chunk next time to pump it that much. Or he'll have to reveal a previously bought bunch

He can do multiple BTC purchases using his Doge profits.


Look here goes nothing but he did this (at least I think he did)

Purchased Doge for years at 0.001 to 0.002 usd

it was easy for him to do this as doge was way under priced.

128,289,785,324  amount of doge available

https://coinmarketcap.com/currencies/dogecoin/

on  feb 17 2019 doge was worth 0.001974

So if he began buying doge then up until last

nov 15th 2020 doge was worth 0.002796

average purchase price of 0.002385

 1 billion coins is only 2,385000
10 billion coins is only 23,850,000


stack sales at 5, 6 ,7, 8 cents.

6.5 cent average

0.065 x 10,000,000,000 = 650,000,000

So that would let him buy the btc  fairly cheaply.

sin the first 650,000,000 really only cost him 23,850,000

in between launching rockets, and building cars, he's buying doge?

[dieselmeister]

So after this pump, f2pool came around and sell massive btc to get under 40k again. I wouldn't wonder, if this will happen.

Or maybe Elon did.

Or maybe that or maybe we go with some dump and pumps finally to 50k (I hope for 60k, because that would be 50k in Euros... damn change rate USD/EUR)

[lightfoot]

Crossing $42k was necessary to continue this rally. Tesla buying will prompt a whole new push upwards due to the acceptance that it is what the smart companies are doing.



Also, I was contemplating my next car. A plug in hybrid Pacifica or Rav4. I didn't consider Tesla because I want to be able to drive long distances.

But after Musk started tweeting positive things about Bitcoin I looked into Tesla. Looks like charging stations are common enough that I can drive most places no problem.

If I can buy a Tesla with bitcoin I'm buying one.

Well, the trick is the charge rate. Apparently superchargers can charge at a rate of 300 miles per hour. With a 500 mile pack that's not bad but you would have to fuel up over a long lunch. Biggest problem is the proper Tesla won't be ready for delivery till the fall, I want it now.....

Well sort of. I really want an open source one now. Hm.

Hm. A traditional L2 charger can do 6.6kw. With 200 watts per mile that's around 22 miles per hour. To get to 300mph you would need an input source of 59.4kw. At 408 volts 3 phase that's 50 amps per phase or 6/4 gauge wire.

(Houses do 240v single phase, so that's a 30 amp circuit with 40a wiring to handle derate. 8-10 gauge wire.)

[macson]

what crazy atmosphere here, yeahhhh our king BTC make new ATH today. thanks old man, I love U

[savetherainforest]

F^CK YOU MUSK! ... I dropped 15G in Litecoin. just... F... &&&&&@CK YOU ELON!!!  


*edit: f^ck also BTCiTcoin... ... he ruins another coin for me..  


*edit(2): he taunting me... ... :  https://twitter.com/elonmusk/status/1358539071824424961

[LFC_Bitcoin]

Apple may be the next big company to buy bitcoin


https://www.cnbc.com/2021/02/08/apple-may-be-the-next-notable-company-to-buy-bitcoin-rbc-says.html?&qsearchterm=bitcoin

New money flowing in when noobs see the TESLA news & other institutions start to follow.

[serveria.com]

good thing I only bought 500 doggy coins

HFSP! 

[Wekkel]

This feels close to Hyperbitcoinisation.

There is no career risk anymore in bringing Bitcoin on the corporate balance sheet.

Of course, this wave will only increase the brrrr money printing which is good for ... Bitcoin 

[dieselmeister]

44k the air seems to become thinner for the moment...

[serveria.com]

Tesla just confirmed a $1.5 billion purchase, Jesus Christ. Want to accept BTC for their products too

https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdf

Here it is: "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. We believe our bitcoin holdings are highly liquid. However, digital assets may be subject to volatile market prices, which may be unfavorable at the time when we want or need to liquidate them. "

Elon just literally gave me a new Tesla for free (at least one) by performing this epic buy!  

[600watt]

Crossing $42k was necessary to continue this rally. Tesla buying will prompt a whole new push upwards due to the acceptance that it is what the smart companies are doing.



Also, I was contemplating my next car. A plug in hybrid Pacifica or Rav4. I didn't consider Tesla because I want to be able to drive long distances.

But after Musk started tweeting positive things about Bitcoin I looked into Tesla. Looks like charging stations are common enough that I can drive most places no problem.

If I can buy a Tesla with bitcoin I'm buying one.

i got a model X and it is a great car. i can recommend. when entering this car it is like boarding the future. you can have bitcoinwisdom on the big screen while driving, absolutely nuts.  

[goldkingcoiner]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

[savetherainforest]

good thing I only bought 500 doggy coins

HFSP!  

ofc he will be poor.

[cAPSLOCK]

This feels close to Hyperbitcoinisation.

There is no career risk anymore in bringing Bitcoin on the corporate balance sheet.

Of course, this wave will only increase the brrrr money printing which is good for ... Bitcoin  

It's a little scary isn't it?

Why am I scared?

(edit - but boy is that one sexy ass bullflag)