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

[shahzadafzal]

What? How is this how Cobra helping Bitcoin? Did he accept the defeat?
The court case was about Bitcoin Whitepapper not about the open source license software.

[ChartBuddy]

Explanation

[JohnBitCo]

Nothing much have changed in this matrix for quite some time. Bitcoin is in range bound at the moment.

[Richy_T]

Difficulty drop and price bump. You love to see it

Maybe people were nervous to see it went OK.

Also seems as if someone made their spending numbers and now we're back in the wind again.

[modrobert]

What? How is this how Cobra helping Bitcoin? Did he accept the defeat?
The court case was about Bitcoin Whitepapper not about the open source license software.

That's irritating (verified it on https://bitcoin.org), so this "loonie crank abusing UK copyright law" (title given by core dev laanwj) won another battle?

BTW: For Bitcoin Core the official site can be used instead: https://bitcoincore.org/

[philipma1957]

Difficulty drop and price bump. You love to see it

As a miner..


diff has dropped from

25.3 to 14.4 in last 2 months

price has dropped

64k to 34k

If you do the math in terms of collecting and stacking coins it means more coins and if you are just selling to cash (I am not). you are making about 5% less in terms of cash

14.4/25.3 x 64k = 36k and price  is 34.6k

I am concerned with the new diff adjustment coming in 2 weeks

https://diff.cryptothis.com/

Latest Block:   689509  (31 minutes ago)

Current Pace:   85.3997%  (38 / 44.50 expected, 6.5 behind)

Previous Difficulty:   19932791027262.74                            
Current Difficulty:   14363025673659.96                            
Next Difficulty:   between 12521597367956 and 14284579252675
Next Difficulty Change:   between -12.8206% and -0.5462%
Previous Retarget:   Today at 2:25 AM  (-27.9427%)
Next Retarget (earliest):   July 17, 2021 at 4:33 AM  (in 13d 18h 43m 44s)
Next Retarget (latest):   July 19, 2021 at 11:51 AM  (in 16d 2h 1m 39s)
Projected Epoch Length:   between 14d 2h 8m 42s and 16d 9h 26m 37s

 
...

We are down about 14%
It is very early but a 14% drop on top of the 27.94% drop is more than I thought would happen.

If we drop 14% and go from 14.3 to 12.29 we are well under 50% of the gear online

That could be a real security issue.  I advise all to check the diff  and see what it does. this adjustment is important how does that go "the next 2 weeks are critical"


https://diff.cryptothis.com/

is easy to understand.  I really do not want any drop over 10% in 2-2.5 weeks I would prefer a drop of 5% or less.

[vapourminer]

As a miner..

diff has dropped from

25.3 to 14.4 in last 2 months

price has dropped

64k to 34k

If you do the math in terms of collecting and stacking coins it means more coins and if you are just selling to cash (I am not). you are making about 5% less in terms of cash

14.4/25.3 x 64k = 36k and price  is 34.6k

I am concerned with the new diff adjustment coming in 2 weeks

https://diff.cryptothis.com/

Latest Block:   689509  (31 minutes ago)

Current Pace:   85.3997%  (38 / 44.50 expected, 6.5 behind)

Previous Difficulty:   19932791027262.74                            
Current Difficulty:   14363025673659.96                            
Next Difficulty:   between 12521597367956 and 14284579252675
Next Difficulty Change:   between -12.8206% and -0.5462%
Previous Retarget:   Today at 2:25 AM  (-27.9427%)
Next Retarget (earliest):   July 17, 2021 at 4:33 AM  (in 13d 18h 43m 44s)
Next Retarget (latest):   July 19, 2021 at 11:51 AM  (in 16d 2h 1m 39s)
Projected Epoch Length:   between 14d 2h 8m 42s and 16d 9h 26m 37s
 
...

We are down about 14%
It is very early but a 14% drop on top of the 27.94% drop is more than I thought would happen.

If we drop 14% and go from 14.3 to 12.29 we are well under 50% of the gear online

That could be a real security issue.  I advise all to check the diff  and see what it does. this adjustment is important how does that go "the next 2 weeks are critical"

https://diff.cryptothis.com/

is easy to understand.  I really do not want any drop over 10% in 2-2.5 weeks I would prefer a drop of 5% or less.

gloom and doom post after gloom and doom post.

i miss chartbuddy

[ChartBuddy]

Explanation

[philipma1957]

Buddy lets get going I want to see thirty five  35+ numbers from you

[philipma1957]

As a miner..

diff has dropped from

25.3 to 14.4 in last 2 months

price has dropped

64k to 34k

If you do the math in terms of collecting and stacking coins it means more coins and if you are just selling to cash (I am not). you are making about 5% less in terms of cash

14.4/25.3 x 64k = 36k and price  is 34.6k

I am concerned with the new diff adjustment coming in 2 weeks

https://diff.cryptothis.com/

Latest Block:   689509  (31 minutes ago)

Current Pace:   85.3997%  (38 / 44.50 expected, 6.5 behind)

Previous Difficulty:   19932791027262.74                            
Current Difficulty:   14363025673659.96                            
Next Difficulty:   between 12521597367956 and 14284579252675
Next Difficulty Change:   between -12.8206% and -0.5462%
Previous Retarget:   Today at 2:25 AM  (-27.9427%)
Next Retarget (earliest):   July 17, 2021 at 4:33 AM  (in 13d 18h 43m 44s)
Next Retarget (latest):   July 19, 2021 at 11:51 AM  (in 16d 2h 1m 39s)
Projected Epoch Length:   between 14d 2h 8m 42s and 16d 9h 26m 37s
 
...

We are down about 14%
It is very early but a 14% drop on top of the 27.94% drop is more than I thought would happen.

If we drop 14% and go from 14.3 to 12.29 we are well under 50% of the gear online

That could be a real security issue.  I advise all to check the diff  and see what it does. this adjustment is important how does that go "the next 2 weeks are critical"

https://diff.cryptothis.com/

is easy to understand.  I really do not want any drop over 10% in 2-2.5 weeks I would prefer a drop of 5% or less.

gloom and doom post after gloom and doom post.

i miss chartbuddy

I am not sure  what to do about the hashrate .

I am still mining  and stacking my btc

I am selling the other coins I mine.

I will be creating multiple LN nodes in New Jersey

The LN network could end up being a real force for BTC.

And I am still a crab not a fish

[becoin]

The court case was about Bitcoin Whitepapper not about the open source license software.

The court case was about Britain. If British people want to live in a free country they have to move out of Britain asap. That is the moral of the story. Period.

[JayJuanGee]

Plan B
@100trillionUSD
Looks like I was too early dismissing diminishing returns scenario. I fact, this will be the key question next 6 months:
1) Was $64K the top and will we oscillate between $25K-50K?
2) Or was $64K not the top and will the bull market resume towards S2F $100K-288K?
My money is on 2
https://twitter.com/100trillionusd/status/1411287372956942337?s=21

I am also going with the second option which is the future choice as most famous investors and global companies have just joined the list so oscillation between $25-$30k is temperorary and $64k was just this year's ATH.Next year in 2022 we would be giving two options:
1) Will it be oscillating between $65k-$70k?
2)Or will ATH of $100k again be crossed?

Bitcoin has always gone beyond our expectations so being optimistic about its growth is best in our side.

Maybe there are three or four options for ATH considerations for this cycle?

1) $64,895 as top for this cycle

2) Sub-$100k as top for this cycle

3) Between $100k and $288k as top for this cycle

4) Supra-$288k as top for this cycle (maybe as high as $1.5 million, perhaps?  a real outlier).

I am not even having much of a clue for how long any of the scenarios could take to playout, because it could take several more months to get back into the supra $50k price arena in order to break back above $64,895 (presuming that we get to those points). so we could have a few decently-sized correction before even getting above $64,895 and even sub $100k (presuming that we get to those points).. but probably breaking above $100k would cause a bit of an UPpity free flow, if it were to occur this cycle.. either this year or dragging out into 2022.. possibly as late as the third quarter (though admittedly the third quarter would be getting quite late for the cycle to still have UPpity momentum).

Difficulty drop and price bump. You love to see it

Maybe people were nervous to see it went OK.

Also seems as if someone made their spending numbers and now we're back in the wind again.

Who made their spending numbers?

[proudhon]

[ChartBuddy]

Explanation

[vapourminer]

gloom and doom post after gloom and doom post.

i miss chartbuddy

I am not sure  what to do about the hashrate .

I am still mining  and stacking my btc

I am selling the other coins I mine.

I will be creating multiple LN nodes in New Jersey

The LN network could end up being a real force for BTC.

And I am still a crab not a fish

and i thought i was comfortable that honeybadger was going to, well, kinda what its done in the past, within reason of course. but this is uncharted territory.. always interesting, that.

such hubris on my part.. we all know how many f*cks honey badger gives.

i think ill put my seat belt on for this one.

[WaltKitty]

I have never seen a Bitcoin mining farm do this before.
https://twitter.com/EoinHiggins_/status/1411075158006284290

https://www.cnn.com/2021/07/03/americas/gulf-of-mexico-fire-intl/index.html

These petrocorps are Evil incarnate and need to pay every cent of profit they make into a global rehabilitation plan for our Planet until they Chapter 7 and worm's gnaw on their corpses.

[LFC_Bitcoin]

@WClementeIII
Bitcoin is now in heavy accumulation. Supply shock in play.

There's been a clear bull div in strong hand buying vs price, but check out that big spike printed last night.

This force is pushing up against price.

thanks: @woonomic for helping me create this
data: @glassnode
https://twitter.com/wclementeiii/status/1411319757442359302?s=21


@WClementeIII
And check out this spike in whales.

Whales added 64,137 BTC to their holdings yesterday.
https://twitter.com/wclementeiii/status/1411319763574349831?s=21


@WClementeIII
Exchange inventories are down -24,259 BTC in the last week, now trending sideways bullish
https://twitter.com/wclementeiii/status/1411319767840047111?s=21

[ChartBuddy]

Explanation

[philipma1957]

@WClementeIII
Bitcoin is now in heavy accumulation. Supply shock in play.

There's been a clear bull div in strong hand buying vs price, but check out that big spike printed last night.

This force is pushing up against price.

thanks: @woonomic for helping me create this
data: @glassnode
https://twitter.com/wclementeiii/status/1411319757442359302?s=21


@WClementeIII
And check out this spike in whales.

Whales added 64,137 BTC to their holdings yesterday.
https://twitter.com/wclementeiii/status/1411319763574349831?s=21


@WClementeIII
Exchange inventories are down -24,259 BTC in the last week, now trending sideways bullish
https://twitter.com/wclementeiii/status/1411319767840047111?s=21

I want this to be the direction we go in.

This time is different is actually true.

Chip shortage caused an inability to build and sell a shit ton of gear.
Now a "power" or farm shortage has caused an inability to mine with gear on hand.

Thus getting coins via mining is easier.

I now am running a  mine  of about 1700 x 0.00000927 x 30 =  .47277 coins a month that is divided among a few people and bills

When the diff was  25.05 we did 0.26988 coins a month.

The major play happening is being done by hashrate drop.

look at this from the point of a big corporation controlling huge mining facilities.

if they had 1.7 eh vs 1.7ph they now earn

.47277 x 1000 = 472.77 coins a month

vs

.26988 x 1000 = 269.88 coin a month

I can assure you bitmain has more the the 1.7eh I just mentioned.

They did claim 10% of the worlds hash which would have been over

17eh

If their strategy was to have that out of china and then shut their china clouds down that they rented to smaller players.

that 17eh out of China could be in play

and they would be earning 4727.7 coins a month vs 2698.8 coins per month.

So yeah it is a different thing this time.

Could Be very good.

[aysg76]

Nice and perfect revenge for DogeFather by one of the Bitcoin holder at his level . That's a fair deal also as your Tesla could wait for another few years but btc is priority at this stage. Moreover the most secured Tesla EV model S worth $130000 was burning on the road in one phootage so he must concentrate on those matters first but he is busy promoting his memecoin.