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

[ChartBuddy]

Explanation

[NeuroticFish]

Soon the russians won't be able to transfer fiat outside russia

You're too confident over the future sanctions - if any. The west needs resources from Russia, hence the money will continue to flow.
America and middle east cannot give the quantities of gas Europe needs and probably cannot fight Russia's prices either.
All the western countries' noise was for nothing.

I guess that now some political things will be negotiated, the west will lower the tone, Russia will lower the prices and everybody will go back to sleep. Well, all excepting the newly occupied ones.

[shahzadafzal]

He summed it up in two sentences.

https://twitter.com/coinicarus/status/1495902048730193920?s=21

[aesma]

Soon the russians won't be able to transfer fiat outside russia

You're too confident over the future sanctions - if any. The west needs resources from Russia, hence the money will continue to flow.
America and middle east cannot give the quantities of gas Europe needs and probably cannot fight Russia's prices either.
All the western countries' noise was for nothing.

I guess that now some political things will be negotiated, the west will lower the tone, Russia will lower the prices and everybody will go back to sleep. Well, all excepting the newly occupied ones.

It will really depend on what happens exactly. If it's only more Russian troops in already Russian controlled areas (yes, because there are "rebels", but there were already Russians with no previous connexion to Ukraine there), then the sanctions will probably be limited to the people involved and other token things.

If there are advances to take control of the 2 oblasts fully, that means a fighting war, shells and missiles flying, soldiers killed on both sides by the dozens/hundreds, then "weak sanctions" won't cut it.

[PrivacyG]

After yesterday's Pussin decision to invade Ukraine and get severe sanctions from the world, I expected a bigger dump.

I did not.  Unless people see the word INVASION big on the news channel, they will not take it for granted.  It is not known as an official war yet, so the downward trend will continue until it is directly confirmed or denied that Russia is invading Ukraine by the news.  This is how I take it.  I doubt a new virus strain was able to plummet the markets but a Russian invasion will not.

I can not call them severe sanctions.  So far, Russia seems to be happy with what they got.

-
Regards,
PrivacyG

[ChartBuddy]

Explanation

[AlcoHoDL]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

[eXPHorizon]

USA,EU,Russia,China etc. Considering on banning crypto mining and trading for good.

[aesma]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

I'm mining ETH but it's a bit scary with the crazy fees, so I use a pool that pays directly in BTC, thus no worries.

[savetherainforest]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

You will never win! Sh!tcoins will always win!      

[ChartBuddy]

Explanation

[aysg76]

According to the latest report of PlanB 200 WMA is still increasing so there's some relief in this time and long term captivity indiacates that prices are tend to rise :



To all those who oppose it and tells other things are very good there is two lines very useful and logical tweet by Bitcoin enthusiast Saylor and summarises the whole scenario of the current time and how btc can be life saving for the holders :



This is actually going to happen as fiat is inflationary and all other assets like gold are negatively growing or say giving diminishing returns so what's left to us if we don't have bitcoin? Be wise and invest in it for your future.

The people who invest in shitcoin reading only few highlights and get influenced by others who says this coin is best than bitcoin and can give better returns to them just read the post of @AlcoHoDL above and see it's +800% in this time also when other shitcoins like BSV are going down and there's only one btc that's it.

This is how your shitcoin actually have the base built for them but have zero utility or say most of them are pump -dump scheme other's rug pull like squid game tokens but still people got eroded away.



The Bitcoin has been declared dead 444 times but still gives returns to holders and will rise more effectively in future but is any shitcoin capable of surviving even one major crash? The top 10 in CMC always varies but King remain king which is bitcoin only.

This is my request to all WO brothers to invest whatever they can like even $10-$20 also so as to keep the prices up a little from our side so show some support to that who can give you complete support in future.Make some effective use of your fiat which is bitcoin investment.

[suchmoon]

What do they mean by Illegal Mining Farms?

That's what happens when you get your news from Twitter. Read the actual thing and tell everyone what you've learned, win-win.

https://oilprice.com/Latest-Energy-News/World-News/Kazakhstan-Energy-Officials-Shut-Down-13-Illegal-Data-Farms-In-Crypto-Crackdown.html

tl;dr: using residential electricity rates for mining, apparently a big no-no in Kazakhstan.

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Yeah shitcoiners will show you some new-fangled pancake-with-maple-syrup totally-not-shitcoin that gained 5000000% in the last month. You can't possibly convince them. Greed and stupidity beats math and logic every time.

[ChartBuddy]

Explanation

[moneystery]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

on this 22022022 (today's date), I sold all the shitcoins in my dirty multi-coin wallet just to buy more Bitcoin....

[ImThour]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

Didn't added the biggest competitor of BTC in this list. I don't get it.

[cAPSLOCK]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

Didn't added the biggest competitor of BTC in this list. I don't get it.

This part tells you why:

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene.

[ImThour]

This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Bitcoin Cash (BCH)       $600                $283          -53%
Litecoin (LTC)            $48                $103         +115%
Monero (XMR)              $78                $144          +85%
Ripple (XRP)               $0.19               $0.69      +263%
Stellar (XLM)              $0.020              $0.18      +800%
IOTA (MIOTA)               $0.91               $0.72       -21%
---------------------------------------------------------------
BTC 200-Week MA          $689             $19,911        +2790%

Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

Sources:
Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

Didn't added the biggest competitor of BTC in this list. I don't get it.

This part tells you why:

The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene.

I mean that makes sense however I would love to see how ETH performed vs BTC in the same time period.

[vapourminer]

however I would love to see how ETH performed vs BTC in the same time period.

oh man thems are trigger words

batslap in 3.. 2..

[d_eddie]

Jay.....? Jaaayyyyyy?
There's someone here who needs a chat with you...

popcorn.gif