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

[philipma1957]

...


Can't really argue with that way of putting the matter.

We can cry together.


 

I am simply saying this time it is different.

Now does that mean much no.  But it is different.

I am fortunate in that I can stack btc and sell the other profitable mining for the time being.
I am not the only miner in the world with paid off gear that is able to continue mining at a profit.
And any miner like me can sell  the coins mined with the following letters

E..
L..
D...

while holding his BTC mined.

This makes me think that BTC is getting support from miners such as myself.

My profits do not drop as quickly as the price is dropping since the difficulty drops are offsetting the price drops.

Here is a case.

dec 2017 price 20k diff 2.6

sept 2018 price 6.4k diff 7.45



Apr 2021 price  64k    diff 23.5

June 2021 price 32k   diff 19.9 soon to be 16.5


I have zero idea of what these numbers mean in 2-3 months but they mean for me right now as a miner that holding the btc is not hard to do.

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[ChartBuddy]

Explanation

[JayJuanGee]

I'm staying a little on the sidelines recently. Life calls and all. Seeing some dodgy price action with unexplicable - artificial? - drops and a few recoveries. Just don't poke her: she knows her way.

And how does that make you fffffeeeeewwwwlll

depressed, yet?

 

My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).

I smell a nocoiner that sold his bitcoins at 19k.

Why does anyone belief its gonna drop just because we are lower and consolidating ... ? Few weeks back same people where aiming for 70-80-90-100K short-middle term, just normal market behavior imo.

Going lower is always a part of the story but why does everyone suddenly think when we have 50% drop that another 50% is gonna happen?

I see hard coiners disappoint me from time to time and probably a lot of people are getting emotionally while they think they don't etc...
At the end of the story, we are all just humans, tough I expect the highest level of HODL-DIAMOND hands from people with my activity and more....

Btw I also do hope for moon every sec,  but I do ride the waves when they are here...

Look at difficulty dropping.

this is the opposite of what happened from Jan 2018 to Sept 2018.

the difficulty was up at the end of every month as price was dropping.

This time the difficulty is dropping as price is dropping.

Yeah we could say it is the lack of chips so no new gear.

But this is a new pattern.

Which could mean a new price pattern will evolve in the next two- three months.

You seem to be attempting to put too much weight on some potentially perilous decisions that miners have to make concerning their profitability or lack thereof, but bitcoin gives no shits..

In udder words, miners have to adapt to dee king daddy, not the other way around.

If they find it profitable, then mine.. .

If they don't find it profitable, then don't mine

The difficulty will adjust every two weeks in order that they can recalculate in case such difficulty adjustment may well make any difference (on the margins) in terms of which way such miners were leaning.

[bitcoinPsycho]

@JJG

cry???who's crying? certainly not me   

[shahzadafzal]

The first person to quote this post get to choose the new poll.

Go! 

mememememe



Ps.. do I count as a "person"?  #justasking

So where are we on the poll? Are we HODLING this too?

[El duderino_]

Staying above page parity please

[cAPSLOCK]

Staying above page parity please

Don't even talk like that!  Of course it's staying above page parity!

(I hope haha)

[marcus_of_augustus]

Chicoms bitcoin FUD working again?? you got to be shitting me right??

when are the idiots going to get past sucking on chinky commie dick?

it's fucking pathetic and more embarrassing than having an imbecile, demented geriatric chicom stooge in the White House

c'mon bitcoiners can do better than this surely.

[LFC_Bitcoin]

Chicoms bitcoin FUD working again?? you got to be shitting me right??

when are the idiots going to get past sucking on chinky commie dick?

it's fucking pathetic and more embarrassing than having an imbecile, demented geriatric chicom stooge in the White House

c'mon bitcoiners can do better than this surely.

Spot on.

I admit I hate it when the price dumps & I might even panic, depending how bad it gets at times. But I have never once, in over 7 years, sold a single sat because of FUD.

If you didn’t sell in the 50k - 64k range then why the hell sell now, it’s beyond ridiculous.

[Hhampuz]

Strength in numbers and all that, china always had a big following for Bitcoin so not too surprising that China fud hits the hardest.

Probably hard to imagine, but if you are a citizen there it's possibly scary on levels we could not comprehend. idk

[JayJuanGee]

Remember @jjg taking issue with myself saying that it is "stalled" with misplaced pontifications of his/hers.

Yes.. thanks for the reminder Biodom about your previous dumb-ass statements.  It's not the first time that you had made dumb-ass statements, so kind of getting used to it.. no problema.  Anyhow, at first you denied making the "we are stalled" statement because the facts did not really add up, but then when it seemed to have become kind of true, then you embraced your dumb-ass statement full-heartedly (or should I say foolheartedly?).

One thing you are good for, Biodom, and that is... humor.


 

It not only stalled, but declined a good 40% since then.

Hm?  

Well, I suppose you could be better off with a proclamation that we are "stalled" currently, but there surely would be some problems with that too.. even though the BTC price has been moving around between mostly $30k and $40k for about a month, but I would even find some difficulties in characterizing such current activities as "stalled."  But whatever, you can say whatever you want to say.. it's a free country.... wait..

It's too bad I did not sell almost any at 50-55.

Well too bad..

Sucks to be you.  Doesn't it?

 

When having any doubts hodling:


https://bitcointalk.org/index.php?topic=238.msg2004#msg2004

Something to note down...

- Bitcoin is a cryptocurrency
- Nodes based on the CPU Power

Yes ... exactly.

When satoshi used the word "cryptocurrency" in 2010, we knew what the fuck he was talking about, right?

Was there any ambiguity?

Don't give into the use of crypto or cryptocurrency too quickly shahzadafzal unless you recognize what the fuck the person using the term is saying or trying to say.

If they are being amorphous about it, or they are failing and refusing (perhaps purposefully?) to clarify the position of bitcoin as compared to shitcoins, then it is likely to your advantage to NOT be so god damned complacent about the use of such term.. even though it is accurate it can be ambiguous as fuck when used by shitcoiners and disingenuine dweebs.. similar to the term blockchain, yet perhaps even more ambiguous these days because all kinds of bullshit is lumped into the term cryptocurrency that had not been lumped into the term blockchain... think about various aspects of Defi and various aspects of NFTs, for example... and also think of some stable coins that might not even rise to the level of being a blockchain.. just some managed project in a database.

@JJG

cry???who's crying? certainly not me  

That sucks.

Well, I guess you abandoned me, then.

I am going to have to cry all by my lil selfie.

[ChartBuddy]

Explanation

[bitcoinPsycho]

This is fine

[JayJuanGee]

Damn what happened, I bought way more BTC than expected, with that drop triggering buy orders !

I will need to sell some back when it goes up, almost nothing left in the fiat bag. My bank accounts feel a bit empty.

Congrats Toxic !

Frequently shit happens, and you should be paying attention so that you do not end up getting traumatized by such happenings when they do happen to happen (or alternatively if they do not end up happening to happen).

I can't wait till the chinese fuck off entirely. I've been wishing that for 5 years though so will probably never happen.

You are right.

Not going to happen, so I remain unsure why you (or anyone else) would be wishening for such a thing unless just like to live in a fantasy world rather than our real world.   

A thing not seen since previous bull market is the big green dildo's after dumps.
Market seems to move slower

Constant FUD, not getting a chance.

Patience young padawans.

[El duderino_]

img src free

[ChartBuddy]

Explanation

[UnDerDoG81]

Ping Pong between two resistance lines 31K to 42K. Lets see wich one breaks first. That will decide the next months. I think the El Salvador thing was a planned trap to FOMO people to buy Bitcoin and then squeeze em out with more coordinated fakestream media FUD.

[El duderino_]

https://twitter.com/_justinmoon_/status/1407054269690351622?s=21

[El duderino_]

[bitcoinPsycho]

Guilty