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

[ChartBuddy]

Explanation

[1714830379]

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[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

[Wexlike]

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

21.08.2017 ETH/BTC 0,074

22.02.2022 ETH/BTC 0,069

ETH lost value compared to BTC.

[ImThour]

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

21.08.2017 ETH/BTC 0,074

22.02.2022 ETH/BTC 0,069

ETH lost value compared to BTC.

That's what I was asking for, cheers.

OR In cAPSLOCK's format:

Coin Name         Value on 21-Aug-2017   Current Value   Change
---------------------------------------------------------------
Bitcoin (BTC)          $4,002             $37,111         +827%
Ethereum (ETH)      $323                $2,615           +709%

[ChartBuddy]

Explanation

[ivomm]

Today @Grayscale announced the launch of a new public campaign to encourage American investors to submit comments on our application with the SEC to convert $GBTC to a Spot Bitcoin ETF.
The page includes directions on how to submit comments to the SEC, and additional information about what an ETF conversion would mean for $GBTC.
We invite you to share your perspectives with the SEC and make your voices heard!
http://grayscale.com/comment/
https://twitter.com/Sonnenshein/status/1496107898933583872

[Torque]

To all you boys and girls feeling bearish about Bitcoin rn, just remember...

The SEC didn't rush a shit ton of Bitcoin ETFs to all be approved in Nov-Dec 2021, just to have their wealthy establishment buddies invest in them just to LOSE money.

That's not how the Wall Street Richie Rich Club works. Ya' know, the one we're not a part of.

There is a reason for everything the SEC does. The insiders ALWAYS know what's coming ahead of the public by at least 6-12 months. Always.

The stonk market is getting closer to having this silly war thing in the Ukraine all priced in, the war they have been planning for a year or more. Then no more downity, only uppity.

Now put your big boy pants (or big girl panties) on and quit whining. Now is a great time to buy more btc.

#HODL #BUYMOARBTC

Also, look over here! (at the Ukraine BS), don't look over there (at the China property market continuing to implode):

https://finance.yahoo.com/news/crisis-china-property-industry-deepens-084525884.html