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

[Copetech]

https://mobile.twitter.com/Kris_HK/status/1483277350683185155?ref_src=twsrc%5Etfw%7Ctwcamp%5Eembeddedtimeline%7Ctwterm%5Eprofile%3Acryptocom%7Ctwgr%5EeyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19%7Ctwcon%5Etimelinechrome&ref_url=https%3A%2F%2Fwww.worldcoinindex.com%2Fcoin%2Fcryptocomchain

Crypto.com Hack Update.

[1715399151]

1715399151

[ChartBuddy]

Explanation

[fillippone]

It’s just a correction in a correction…

Classic:

DGAF = Don't Give A Fuck.


https://twitter.com/nayibbukele/status/1483194959989719059
https://twitter.com/Investingcom/status/1482975157023035396

The middle finger to the IMF crooks nocoiners is going to be a little bit more costly, to our fellow bitcoiner.

[ChartBuddy]

Explanation

[aysg76]

Classic:

Sounds similar to this  :



But have diamond hands if you can...

[serveria.com]

As you guys are worried for the price, I am here to tell you that price is the least interesting metric to assess the healy of our mutual orange friend.

For example, which measure the security of the Bitcoin network, is yet another time at ATH.



China mining Ban, Kashakistan riots, anything can stop the miner's weapon race.

The impressive pace of network hashrate will take us to another gigantic difficulty adjustment next Friday, when the difficult will readjust.

The adjustment will be a gargantuan one:

Latest Block:   719212  (2 minutes ago)
Current Pace:   109.1272%  (1517 / 1390.12 expected, 126.88 ahead)
Previous Difficulty:   24272331996979.97                            
Current Difficulty:   24371874614345.62                            
Next Difficulty:   between 26456677151315 and 26605209206773
Next Difficulty Change:   between +8.5541% and +9.1636%
Previous Retarget:   January 8, 2022 at 8:40 AM  (+0.4101%)
Next Retarget (earliest):   Friday at 4:34 AM  (in 3d 4h 12m 38s)
Next Retarget (latest):   Friday at 6:18 AM  (in 3d 5h 55m 56s)
Projected Epoch Length:   between 12d 19h 53m 51s and 12d 21h 37m 9s

https://www.bitrawr.com/difficulty-estimator

What does it mean exactly?

Can you remember my thread on Alps Blockchain? A small Italian mining company using hydropower to mine bitcon:

ALPS BLOCKCHAIN: mining in Italy from 100% renewable energy

There was a picture of a mining rack with more or less 150 miners on it:

 

	Fig. 5. The largest ALPS Blockchain plant is located in Valstagna (VI).

I called this Rack "Valstagna Window", after the name of the Central where it is located.

This means that, if I got my computations right, the next difficult adjustment has been caused by a gigantic increase in the HAshrate, caused by a rise in the computing power roughly equivalent to 900 of those racks.
900.
In two weeks
And in the future, probably, every two weeks.

Up only

Quality posting from filippone as usual 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[somac.]

As you guys are worried for the price, I am here to tell you that price is the least interesting metric to assess the healy of our mutual orange friend.

For example, which measure the security of the Bitcoin network, is yet another time at ATH.



China mining Ban, Kashakistan riots, anything can stop the miner's weapon race.

The impressive pace of network hashrate will take us to another gigantic difficulty adjustment next Friday, when the difficult will readjust.

The adjustment will be a gargantuan one:

Latest Block:   719212  (2 minutes ago)
Current Pace:   109.1272%  (1517 / 1390.12 expected, 126.88 ahead)
Previous Difficulty:   24272331996979.97                            
Current Difficulty:   24371874614345.62                            
Next Difficulty:   between 26456677151315 and 26605209206773
Next Difficulty Change:   between +8.5541% and +9.1636%
Previous Retarget:   January 8, 2022 at 8:40 AM  (+0.4101%)
Next Retarget (earliest):   Friday at 4:34 AM  (in 3d 4h 12m 38s)
Next Retarget (latest):   Friday at 6:18 AM  (in 3d 5h 55m 56s)
Projected Epoch Length:   between 12d 19h 53m 51s and 12d 21h 37m 9s

https://www.bitrawr.com/difficulty-estimator

What does it mean exactly?

Can you remember my thread on Alps Blockchain? A small Italian mining company using hydropower to mine bitcon:

ALPS BLOCKCHAIN: mining in Italy from 100% renewable energy

There was a picture of a mining rack with more or less 150 miners on it:

 

	Fig. 5. The largest ALPS Blockchain plant is located in Valstagna (VI).

I called this Rack "Valstagna Window", after the name of the Central where it is located.

This means that, if I got my computations right, the next difficult adjustment has been caused by a gigantic increase in the HAshrate, caused by a rise in the computing power roughly equivalent to 900 of those racks.
900.
In two weeks
And in the future, probably, every two weeks.

Up only

Quality posting from filippone as usual 

Yep, and while the network is in better shape than ever, we also have taproot on the protocol side. Certainly don't need to worry about the technicals of Bitcoin itself.

Price, yeah not great. My thoughts are moving to the "we are in a large sideways channel", and have been since the move from 64k to 30k. I think it is therefore very possible that we move back down to near the 30k level, but there will be a lot of stacking on the way by long-term holders and it will only possible with a collapse of the traditional markets. All very possible.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@GoingParabolic
Before you go to bed tonight decide on owning your share of the 18M #Bitcoin  in the market. You and your family deserve it. Believe it.
https://twitter.com/goingparabolic/status/1483268663872532481?s=21


@BigSky_HODL
I’ll simplify it for you.  All Shitcoins are going to ZERO.
https://twitter.com/bigsky_hodl/status/1483282213772926980?s=21


@Excellion
We're rewriting the rules for the entire financial system. #Bitcoin 
https://twitter.com/excellion/status/1483243584547885063?s=21


@Dennis_Porter_
Culture is shifting…

Rappers don’t want dollars. They want digital assets.

Sports players don’t want USD, they want #Bitcoin .

Don’t blink. The world is changing quickly.
https://twitter.com/dennis_porter_/status/1483134430340206593?s=21


@JohalMiles
#Bitcoin  is hovering around 40k.

And yes it's still walking the path to eating the world in the next 10 years.
$BTC
https://twitter.com/johalmiles/status/1483108423466168332?s=21

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Torque]

I can't say I know that much about Tether, as I haven't had any interest in it to look into it too deeply.

Having a stablecoin pin its value on a fiat is already a laughably bad idea. But to back a so-called "stablecoin" without being able to prove that it's actually pegged to the fiat dollar, much less able to prove its pegged to anything at all really, nor to be able to verify who holds it or how much, if the collateral backing it (fiat) is there and accessible 1:1, seems actually far worse than backing digital fiat to me.

And beyond just making day trading easier, what purpose does it serve?

https://youtu.be/-whuXHSL1Pg?t=136

I watched that entire video, and it told me exactly nothing about Tether beyond what I either knew or could have guessed about it. Which says more about the uselessness and fraud of Tether than my limited knowledge. They are likely running a fractional reserve scheme (scam?), just like every major bank in the world. The only difference is that no one knows if their collateral has any or enough value to cover their debt load in the case of a major wipe out. I'm guessing not.

And beyond just making day trading easier, what purpose does it serve?

The video did answer this question: none. Which again, was as I surmised all along.

[ChartBuddy]

Explanation

[YourMother]

BTC trading at 2x since the ath of 2017
Pretty pathetic price performance if you ask me, especially for the long term holders

[ChartBuddy]

Explanation

[cAPSLOCK]

BTC trading at 2x since the ath of 2017
Pretty pathetic price performance if you ask me, especially for the long term holders

Yes.  $40k bitcoin is such a huge disappointment. 

[El duderino_]

Annoying price of BTC for long term hodlers….

Some did sold some at good/reasonable prices compared with now.

But to sit on a load of cash with non intentions not really the best thing imo.

Though I understand some would like to buy on the cheap, but now price isn’t yet cheap enough to rebuy, maybe if sold at the ATH-ish, other problem is people who haven’t sold any or very low numbers are a bit stuck as well cause if they want something a little more expensive, then it surely isn’t the price to sell atm…

Struggle of a hodlers life ….

Btc to cheap to sell or to high to buy back….