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

[ChartBuddy]

Explanation

[Arriemoller]

Bitcoin is surging above 22K...could it be because of Sweden election results?
naaah

What else could it be? Stock exchanges in Asia also surging, and the SEK is also strenghtend against the dollar and euro. (that last thing is probably actually as a result of the election outcome).

[Arriemoller]

Things seem to get a little tight over here in Europe, regarding mains power supply. (Good quality) photovoltaic panels are selling out like crap, network power prices on the rise, solar installers overbooked until mid 2023. Complete systems for the private sector mostly sold out too.
I did want to get into PV for my home next year, but as i am looking at the supply market and see prices rising and supply chain issues for the next 6-12 months, i had to take the plunge. Ordered PV panels today, next step is to choose the best possible inverter system for my case, which includes mainly wall- and roof- mounted panels, with a complex shadowing situation and aim at a relatively high PV output in winter. And i didn't even look at backup solutions, which only make sense in an uninterrupted, grid connected mode with sane size of a battery array capacity, which i'm going to design and build, in full geek DIY tradition, in the face of slowly starving supply of components.


Thanks Vladimir Putin for messing up the markets by starting a "special military suicide command", i whish you a nice...

RUSTY PIPE

 

Mining/node operation is not even included in my plans (yet), but i'm keeping it in the back of my head.

Have you considerd a "solar panel tower" basically, if you dont have a good place to put your panels you erect a mast or tower and put them on that tower. Yoy know what I mean, something like this. https://www.elinstallatoren.se/app/uploads/2021/08/Soltorn-1-375x563.jpg

It would be way easier and cost effective with free standing panels, but as a private user, PV is only allowed in convenient ways when it's mounted on roofs or integrated into the house's walls. Details are too complicated, seems like the government only wants free standing PV if you are a solar power plant owner. 

Maybe it's just me, but I get the feeling that there is a lot of unnecessary bureaucratic regulations in Austria. I'm not saying we don't have that in Sweden, but it seems that when it comes to building regulations we are a little bit more relaxed than most European countries.

[ChartBuddy]

Explanation

[xhomerx10]

Wow, all the drinking seems to have had a really negative impact on him.

yea.... he doesn't look healthy at all...

Also, I do not think I have ever heard a less meaningful 7 minutes of speaking in my life.  It did not even make any sense.  Not only did the whole thing not make sense, the individual ideas he was failing to connect were generally incoherent. 

And I fully turned off my CW is a dipshit filter.  I almost wanted it to be compelling in some way.  I watched the whole damn thing. 

Absolute gobbledygook.

 But he wanted to talk about few different topics; different from the normal gobbledygook yet related.  Like when Alice goes up to Bob in the USA and does whatever she wants to him because he is a republican in a democracy without a constitution or rules.  What Alice did do Bob has nothing to do with nodes because Bob had moved his nodes out to the edge for experimental purposes.  What Alice did to Bob is none of our fucking business!  George Orwell said it best, "...something halfway between a girls’ school and a lunatic asylum, and all we are doing at present is useless, or slightly worse than useless.”  Or perhaps that was Madison but my point is that Bob was attacked by Alice not for being different but for being different for the sake of being different and rightly so.  In short we need smaller government with rules pushed to the fringe because it's not the nodes.  I hope that clears things up.

 Thank you.

[Gachapin]

I find it most entertaining when his idiotic mega ego takes full possession of him and he gets angry with everyone, strutting around like a moronic rooster

Don't be mistaken, everything is an act with this guy. If there's shouting, it's because he's hoping people will mistake it for authenticity and sincerity.

I don't doubt that he is fake af

But I think he is also slave to his inner demons... 
Reminds me of an actor who can only play certain roles that are close to his natural character...

[ChartBuddy]

Explanation

[OutOfMemory]

Maybe it's just me, but I get the feeling that there is a lot of unnecessary bureaucratic regulations in Austria. I'm not saying we don't have that in Sweden, but it seems that when it comes to building regulations we are a little bit more relaxed than most European countries.

You really have no idea, Arrie. It might be way worse than you probably image.

Example?
Well, my neighbor is allowed to feed 8kw/h into the grid (max), because he was the first in line to install a grid connected PV.
Some other neighbor tried to register a PV as well, he has been told by the grid company that he will be allowed to feed at a rate of 2kw/h.
Bummer. He cancelled the build, so i will likely face the same limits as soon as i get a reply to my application.

...and this wasn't even a very "regulative" example. The tax law is said one of the most complicated of the world. I didn't look for proof, but it doesn't sound very wrong, if i look at my experience with income tax declaration.

I was wrapping my head around this, resulting in a future scenario of using the unused PV output for a battery and some mining equipment to complensate for the lack of grid export gains bacause of the limit. Probably down to mining some shitcoin to convert to BTC.
Of course, i will take other measures to primarily use my PV output myself. Mining in the sunnier seasons might be profitable.
I have to project the numbers and look into the mining gear market, all i did so far was mining some shitcoin (which i can't remember the name or $short) for an equivalent of a few dollars of gain using an Nvidia GTX card, out of curiosity.

I don't expect the grid capacity to be expanded in my area, at least not within the next few years. In the very worst case the company will just refuse to take power from my PV, so i would even be forced to go the mining route.

Sorry if i spam the WO with a few questions about (c-word) -mining in the near future  
My biggest concern rn is that the mining would be interrupted on a daily basis, at times the sun doesn't shine. I know, this is more or less a battery-size problem, but i will first have to wait a whlle for restocked battery hardware, while the PV should be up and running already.

[Richy_T]

But I think he is also slave to his inner demons... 
Reminds me of an actor who can only play certain roles that are close to his natural character...

Here's the thing though, he's a conman through-and-through and he knows that if he genuinely loses control, there's a good chance he'll say something he that would blow things.

Though admittedly, he's made so many blunders that his followers pretty much amount to a cult by now.

[Richy_T]

Sorry if i spam the WO with a few questions about (c-word) -mining in the near future  
My biggest concern rn is that the mining would be interrupted on a daily basis, at times the sun doesn't shine. I know, this is more or less a battery-size problem, but i will first have to wait a whlle for restocked battery hardware, while the PV should be up and running already.

Yes, definitely an issue that you won't be able to amortize your equipment costs over periods when the sun doesn't shine. Especially as it tends to go obsolete so quickly.

[ChartBuddy]

Explanation

[OutOfMemory]

Sorry if i spam the WO with a few questions about (c-word) -mining in the near future  
My biggest concern rn is that the mining would be interrupted on a daily basis, at times the sun doesn't shine. I know, this is more or less a battery-size problem, but i will first have to wait a whlle for restocked battery hardware, while the PV should be up and running already.

Yes, definitely an issue that you won't be able to amortize your equipment costs over periods when the sun doesn't shine. Especially as it tends to go obsolete so quickly.

Just trying to find a way to use power that i can't store or export to the grid. I could cover short periods of time by using a dedicated UPS for the miner.
Today, my neighbor was showing me output figures of 2.2kW from six active panels on the west side, less than an hour before sunset...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gachapin]

Yearly candles.



Source

If I'm not mistaken, the last candle is not a yearly candle...

[ChartBuddy]

Explanation

[JayJuanGee]

Bitcoin is surging above 22K...could it be because of Sweden election results?
naaah

I don't see BTC up. It is fluctuating between 18 thousand to 22 thousand only. When BTC went down it went down from 60k and now why is it tracking so long to go up? The prices of all commodities are increasing all around and here and there BTC is only going down. Does this mean we won't get BTC back to its previous state before 2025? When BTC is 30k+ market is good and BTC will go more higher. And it can be expected that BTC will be up very soon. We just have to wait and see when the good news for BTC comes.

You sound lost xzy887.

Are you sure that you are in the right thread?

Yes I know of course I'm on the Bitcoin Tracking and Discussion thread. And I was just talking about the price of Bitcoin. Can I discuss bitcoin prices here? Since this is the topic of Bitcoin tracking and discussion, I thought I'd discuss all things Bitcoin here. So please tell me what kind of discussion can I do here?

Well, it's a good sign that you realize where you are at.. I was getting worried.. so I expressed my worry in that direction.. #nohomo

I suppose that you are practicing how to talk about bitcoin - and I was just observing how lost your analysis seems to be. If you end up getting better in the ways that you discuss your current thoughts that seem to be meandering so much, I might not hold a grudge.. Some members do get better in their various ways of making BTC price assessments, to the extent that the smaller ranges matter... or that you might even include some misleading descriptions regarding what's actually happening.. but hey.. practice, practice.. no one is topping you.. .. I am merely complaining about it.. as I already stated.

AntiShrinker will never shrink the images in any reply. So be careful philipma1957

Such a lazy person.

Oops!

Not talking about Arriemoller...

We (royal plus a few) are already used to Arriemoller as being inclined towards doing the opposite.... that could explain why he put's his glow plugs in upside down.

 

31313 nice number, huh? 

Where did you get that one from?

You just made it up?

 

What a world.

What a world.

@lopp
While Bitcoin's hashrate is reaching all-time highs, Ethereum's hashrate is projected to crash to 0 this week.
https://twitter.com/lopp/status/1569366569741852674

Whoaza... When you phrase the matter like that, it comes off as absolutely crazy.

Those Ethtards are really in a fantasy world in their belief that moving to POS and their hash to zero, as mentioned, adds any value to the world besides potentially duping the non-stakers into some kind of a system that they give their money to the stakers.. and somehow believe that is fair.. or more fair than the system that already exists in which a small group of people acting under some convoluted rules are taking all the value from the rest while proclaiming that the system is fair.

[ChartBuddy]

Explanation

[JayJuanGee]

But I think he is also slave to his inner demons...  
Reminds me of an actor who can only play certain roles that are close to his natural character...

Here's the thing though, he's a conman through-and-through and he knows that if he genuinely loses control, there's a good chance he'll say something he that would blow things.

Though admittedly, he's made so many blunders that his followers pretty much amount to a cult by now.

For sure Wright exemplifies the totally over-the-top nonsense of unbelievability that anyone has to be almost half retarded to believe anything that he says - which should have been somewhat clear within about the first 10-20 minutes of hearing the guy present any subject matter... He cannot help but to exaggerate too.. and the fact that he loses his cool so much when he is confronted (whether an act or not) shows that he "cannot handle the truth."  I just used that same expression in another thread - related to Coinbase and Brian Armstrong.. but surely Wright makes Armstrong look like a saint... so there are degrees to lying and corruption.. and some of the forms of lying are more acceptable than others...

Yearly candles.

Source

If I'm not mistaken, the last candle is not a yearly candle...

Waiting when you explain that.  

I hate to bum-rush the answer (me, me, me), but just to clarify that the last candle has not yet closed, so the since the chart is structured on a calendar year basis (which is somewhat arbitrary, #justsaying) the last candle is ONLY a little more than 8 months old, so far.