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

[bct_ail]

Tomorrow, I am going to write a new thread on this (if I have some time left): implication are hyuge!

I am definitely interested in learning more about it.

[1714921241]

1714921241

[1714921241]

1714921241

[serveria.com]

What is he doing? Going back?

Fuck him; he's irrelevant anyway.

His beloved Tesla wouldn't be shit without sucking on the teat of government subsidies

It's just a matter of time. Big guys (Merc, BMW, Audi, Porsche, VW, Lexus) are switching to e-vehicles already now. In like 10 years nobody will even remember what Tesla was... lack of new models/designs, poor build quality, expensive post warranty service/support - things don't look good for Tesla. 

[friends1980]

(...)
I'd say we'll have a laugh about this in a few months, but in truth, we probably won't, because by then, we'll probably have forgotten completely about this "just another FUD".

^ ^ ^ Don't tell me we're talking about that Tesla guy again...

[ChartBuddy]

Explanation

[shahzadafzal]

Don’t be a dumb as f*** and repeat after me… bitcoin bitcoin bitcoin!!!!

[Sarah Azhari]

Man the price is going crazy today, i wounder if we will hit 100k

yes for sure,

[Mr.D4rio]

What is he doing? Going back?
https://i.imgur.com/b7vIPOm.jpg

Oh no... not that guy Elon again 

[virasog]

(...)
I'd say we'll have a laugh about this in a few months, but in truth, we probably won't, because by then, we'll probably have forgotten completely about this "just another FUD".

^ ^ ^ Don't tell me we're talking about that Tesla guy again...

[friends1980]

Not sure if this has been explained clearly enough to some of you, but it's BTC that's currently at $66,000, not Merit.

[philipma1957]

I am expanding the mine and will continue to sell some coin as it comes in.

Reasonable, yes. But... why don't you hodl for about 1-2 months and then sell a bigger chunk? Wouldn't that be more profitable? Or you don't believe in 2013 scenario playing out?  

Expanding the mine now allows for greater earnings now.

Mine expansion is a bitch. I usually DCA gear one or two times a month.

Even when the coin was at 29-35k ths summer I dca a lot of gear when coin is low price I buy the gear on credit.

Once coins reached 50k I started selling small pieces to pay off the credit. Credit is just about paid and mine is 2.5x the size it was on June 1.

Our mine started In Dec 2018 4x s9.s 48th

we now have 1800th

0 gpus now over  50 less than 150
0 L3's  now over 10 less than 75

The expansion comes from sale of coins.
I still have the btc stack and do not touch it. I add to it .

But I have coins to sell on a regular basis. My price for any coin is only %50 due to the power deal I have.

So when I buy a ton of gear and I did from June to now selling some coin at the 50k to 65k levels is fine.

I can't endlessly hodl. I held all coins mined in June July August. I do convert most shitcoins to BTC

[d_eddie]

Uptober breather
Disturbance of energy
Ants get back to work





#haiku

[ChartBuddy]

Explanation

[somac.]

Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.

I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?

[philipma1957]

Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.

I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?

A lot could be like me they mined and held for 3-4 months and are taking some profit for expansion and bills.

[somac.]

Interesting price action around the highs, I expected more of a breakout honestly. Probably just a small breather before on the up, but being that we haven't really had a healthy correction since the 41k low I woldn't be surprised if we have a bit of a pullback/sideways for a while.

I noticed that the mempool spiked fairly high in the last 24 hours, profit takers again maybe?

A lot could be like me they mined and held for 3-4 months and are taking some profit for expansion and bills.

The increase in the mempool would back this up. In which case we just have to work through it then up we go.

[Sayeds56]

https://twitter.com/search?q=planb&src=typeahead_click

[hisslyness]

I am expanding the mine and will continue to sell some coin as it comes in.

Reasonable, yes. But... why don't you hodl for about 1-2 months and then sell a bigger chunk? Wouldn't that be more profitable? Or you don't believe in 2013 scenario playing out?  

Expanding the mine now allows for greater earnings now.

Mine expansion is a bitch. I usually DCA gear one or two times a month.

Even when the coin was at 29-35k ths summer I dca a lot of gear when coin is low price I buy the gear on credit.

Once coins reached 50k I started selling small pieces to pay off the credit. Credit is just about paid and mine is 2.5x the size it was on June 1.

Our mine started In Dec 2018 4x s9.s 48th

we now have 1800th

0 gpus now over  50 less than 150
0 L3's  now over 10 less than 75

The expansion comes from sale of coins.
I still have the btc stack and do not touch it. I add to it .

But I have coins to sell on a regular basis. My price for any coin is only %50 due to the power deal I have.

So when I buy a ton of gear and I did from June to now selling some coin at the 50k to 65k levels is fine.

I can't endlessly hodl. I held all coins mined in June July August. I do convert most shitcoins to BTC

I am not sure why you need to keep justifying your position. I don't think you have to mate. You are running a business and there are cost that needs to be paid. Expansion will comes at a cost. Someone has to pay for all of this, more investors will mean less of the overall pie. What better way than for you reinvest the BTC you have earned to compound the future BTC earnings.

I had a BTC mine for about 4 years before the power cost made it unworkable!.. so i know exactly what you are doing. Still have a few S9 and Canaan 741 just sitting here collecting dust. and some very very very old S1 and Terra-miners.

[ChartBuddy]

Explanation

[Paashaas]

Firework on Binance US.

[somac.]

Firework on Binance US.

wowza