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

[Philipma1957cellphone]

~snip

Hey, if it hits you this hard there might be something to it but.. you do you!

Ad hominem?
You see, the success rate of vaccinating the flu is around 40% - 50%, while threating it medically is 70-90%.
Tell me which is the better way to go, long term. I see a point in vaccinating the elderly and sick, but c'mon... mass-vaccination with decreasing success rate because of FUD and lies?

EDIT: Just to point this out clearly: I don't condemn anybody getting vaxxed, i condemn the state pushing this agenda using messages which are harmful to our society.

You simply believe you are correct.
The nice thing is in ten years one of three things will be true.


Anti vaxxers got drilled
Pro vaxxers got drilled
Pretty much a push both lose about the same.

My guess is pro vaxxers either do better or it is pretty much a push.

Your guess is anti vaxxers either do better or it is pretty much a push.

If it is pretty much a push cool.
I can live with it.

It does show the need for more than one planet for humans to live on.

As the best spots on earth have been isolated islands.

[serveria.com]

I'm looking at the number and I see no dip... since what time 33k->32k is a dump? It's not even for ants goddammit... 

[cAPSLOCK]

For a while this thread became bidettalk instead of bitcointalk.

First of all when do we EVER talk about bitcoins here?

But second.  Someone really should be chronicling all this.  Going back over it to tease out all the good bits as above is just about impossible, I'd think.

[cAPSLOCK]

Damn, have I missed something?

Why is there a TP buying craze again? What happened this time? End of the world? UFOs & shit? COVID-19-related?

Or is it just investors buying the dip?

There's a rumour Elon Musk is going to tweet about wiping his ass.

I *AM* sorry.  But *THAT* is merit-worthy.

I was embarrased by Kaiser at Miami.. but you know what?  He was right.  Fuck Elon.

[ChartBuddy]

Explanation

[eXPHorizon]

Damn, have I missed something?

Why is there a TP buying craze again? What happened this time? End of the world? UFOs & shit? COVID-19-related?

Or is it just investors buying the dip?

There's a rumour Elon Musk is going to tweet about wiping his ass.

I *AM* sorry.  But *THAT* is merit-worthy.

I was embarrased by Kaiser at Miami.. but you know what?  He was right.  Fuck Elon.

Said this many years ago, Elon is just a Thief, he was at the right place at the right time to take advantage of the whole thing thats all there is to it. He didnt invent anything Its only a cashgrab for him

[aesma]

Damn BTC and my stocks crashing, just as I was happy as I finally got FTTH. 1GBps connexion.

[ivomm]

Damn, have I missed something?

Why is there a TP buying craze again? What happened this time? End of the world? UFOs & shit? COVID-19-related?

Or is it just investors buying the dip?

There's a rumour Elon Musk is going to tweet about wiping his ass.

I *AM* sorry.  But *THAT* is merit-worthy.

I was embarrased by Kaiser at Miami.. but you know what?  He was right.  Fuck Elon.

Yeah, fuck Elon, fuck the communists! Elon has sold his soul a long time ago to winnie the pooh - china's version. Whatever the ccp says, Elon is repeating it. The truth behind Tesla removing Bitcoin payments is that Winnie has commanded his bitch Elon to do so, otherwise - no money! Now ccp is in distress and pulling hair - how to stop the collapse of their economy hence the ccp ruling. And they are blaming for everything Bitcoin - the mortal nemesis to the ccp   But the collapse of the ccp regime is inevitable, especially when the truth about the covid-19 created as a bio weapon and tested on the prisoners in the yiguri concentracion camps, becames known to the world.

[ChartBuddy]

Explanation

[WaltKitty]

Still printing lower high's with $33,4k support fading into resistance. Watching $28,6k for a potential lower low zone. This falling channel continues to chase legacy market's into July.

Three Lion's ftw but this is taking laser eyes to another level.
https://www.espn.com/soccer/england-eng/story/4429423/euro-2020-england-charged-after-kasper-schmeichel-lasered-before-harry-kane-penalty

[ChartBuddy]

Explanation

[philipma1957]

I see miners doing fine as price and difficulty are in synch.

when you look at the numbers.

25.05 diff with 64k price
14.36 diff with 34k price

12.95 diff with 31k price. seems to be happening.

all generate the same or close to the same in cash value.

They are perfect for a chip short builder that has a large farm outside of China.

This trend will not go away until the fall.

Until bitmain and other builders  get a lot of chips.

Nothing in the last eight weeks goes against this guess of mine.

So this time is different simply check the 2018 hashrate and difficulty rise while price dropped.

this time in 2021 hashrate and difficulty drop while price dropped.

[ChartBuddy]

Explanation

[Torque]

I see miners doing fine as price and difficulty are in synch.

when you look at the numbers.

25.05 diff with 64k price
14.36 diff with 34k price

12.95 diff with 31k price. seems to be happening.

all generate the same or close to the same in cash value.

They are perfect for a chip short builder that has a large farm outside of China.

This trend will not go away until the fall.

Until bitmain and other builders  get a lot of chips.

Nothing in the last eight weeks goes against this guess of mine.

So this time is different simply check the 2018 hashrate and difficulty rise while price dropped.

this time in 2021 hashrate and difficulty drop while price dropped.

I never bought the bullshit MSM narrative that "Chinese miners are getting kicked out of China due to govt crackdown."

That is total bullshit. They didn't go anywhere. They simply turned off part of their mining hash power to bring mining difficulty in line with lower price to maintain profit.

This is temporary. They will eventually turn it back on.

[aysg76]

There's a rumour Elon Musk is going to tweet about wiping his ass.

Seeing this the shitcoin holders who think Elon their saviour and market expert might rush to buy tissue papers he is using and next time toilet rolls manufacturers see a boost in their share price

[suchmoon]

It's exactly this kind of uninformed bullshit

Exactly. Because I said none of the bullshit that you're attributing to me. Next time try more reading and less projecting of your insecurities on others.

[Wekkel]

While you entertain yourselves with Covid nonsense, I keep my eye on the price: https://www.zerohedge.com/geopolitical/currency-wars-world-verge-epochal-monetray-revolution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[Dabs]

I never bought the bullshit MSM narrative that "Chinese miners are getting kicked out of China due to govt crackdown."

That is total bullshit. They didn't go anywhere. They simply turned off part of their mining hash power to bring mining difficulty in line with lower price to maintain profit.

This is temporary. They will eventually turn it back on.

If miners are making profit, why will they turn off their equipment? If someone else turns off theirs, others will keep their own turned on, if possible.

The miners turned their equipment off to reduce the risk to them of their hardware getting confiscated or getting discovered. One does not "lower" the difficulty all by themselves.

But then, I never had warehouses full of equipment, the most I had before was what I could fit in a small room, so about a dozen small mining rigs or less. I turned mine off because I was paying more in electricity than I was mining, but then I lived in a country where electricity is not cheap.

[Torque]

If miners are making profit, why will they turn off their equipment? If someone else turns off theirs, others will keep their own turned on, if possible.

Hashrate rose to chase the run up in price by the whale traders using 100X leverage.

At ~$60K they were still profitable, but then the sudden crash to ~$30K and they weren't anymore. Exit the China 100X leverage momentum trade.

So hashrate had to fall in order for mining to become profitable again. It's going to be roughly the same for both large scale and smaller miners.

The miners turned their equipment off to reduce the risk to them of their hardware getting confiscated or getting discovered. One does not "lower" the difficulty all by themselves.

O rly? According to whom? Who told you that, the MSM? Lol  

[ChartBuddy]

Explanation