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

[Biodom]

FYI: bottom estimate

Historically, there is a significant bottom (either local or the whole cycle) once difficulty significantly declines for at least two diffuculty periods.
Each period is about two weeks.
In the current period (ending in about 12 d 6hr) the projection is for about 8% decline.
Assuming that it would stay this way and the next one would be negative as well, then the bottom would be either at that time or +/-10-14 days.
Therefore it could be around Dec 19 plus minus 10-14 days.
Or, we might have had it already when we dipped to 15.5K.

[sirazimuth]

https://www.youtube.com/watch?v=oVj4kZF-Fgk

[philipma1957]

FYI: bottom estimate

Historically, there is a significant bottom (either local or the whole cycle) once difficulty significantly declines for at least two diffuculty periods.
Each period is about two weeks.
In the current period (ending in about 12 d 6hr) the projection is for about 8% decline.
Assuming that it would stay this way and the next one would be negative as well, then the bottom would be either at that time or +/-10-14 days.
Therefore it could be around Dec 19 plus minus 10-14 days.
Or, we might have had it already when we dipped to 15.5K.

we are lining up to october of 2018 in terms of diff tanking due to mining companies failing.

We are about 40 days off.

so if that keeps on that way we will bottom about Jan 2023. price would be close to 13.8

all based on mining with 6 cent power and top of the line miners. = break even

Mining floors usually hold and don't crack up with btc.

and we may not dip to 13.8k due to the 6 cent power number I used to get it may be more like 7.5 due to fuel and power price jumps.

that means we are pretty much there. as the duderino said a day or 2 ago. I purchased some btc then. like 15.8 or 15.9

[ChartBuddy]

Explanation

[eXPHorizon]

You better pay Respect to the ADVANCED Electrical infrastructure because it is the way of the next GEN Energy. And that Energy is something else


https://www.youtube.com/watch?v=NdLTEC6X3pk&t=139s


it is A.I controled but that A.I is not A.i it is C.I

[ChartBuddy]

Explanation

[cAPSLOCK]

Of note....in Houston, TX, real estate taxes are 'killing" me every darned year.
They are roughly 2% per year per current year RE value...you can have 3X of the house (in $) in Cali, 4X in Colorado for the same tax.
As valuation rises, that 2% becomes more and more. The only limit of increase is 10% increase max for the year, but if, say, property value increased 20% in a year, this means that you would get hit with 10% tax increase two years in a row, unless value drops in year 2.

But no income tax.

You have to pay somehow for the quality electric infrastructure...

Not sure if this is serious or sarcastic considering how much shit my state gets for the icepocolypse a couple years ago.  But TX is bringing big time mining companies into the state and they are balancing the grid.

The lack of a state tax IS quite nice.  But yes, the property taxes are the other end of it all...

[cAPSLOCK]

but if you ignore JJG, chartbuddy and exphorizon the wo is a pretty fast read.

Personally like 2/3 of those... but adding the merit farmer to the EXP ignore team 1 by 1.  And I do not read ALL of JJGs words.

[cAPSLOCK]

Taking down FTX hurt but now that we know how dodgy it was, you can't really argue it's a bad thing.

Going after Coinbase is another story. I don't know in what state it is, but I assume it's run more professionally than FTX. Also, if we're looking at dodgy things, what about BNB coin ?

Cz is a snake that probably just got his books straight after years of naked manipulation and wants to get called by out someone like Armstrong as he is now liquid for the first time.

He wants to make a big splash and reveal after stirring up some more drama is my guess.

Armstrong while being a snake himself is not dumb enough to play into CZ's hand.

Very nice read.

[cAPSLOCK]

https://www.youtube.com/watch?v=oVj4kZF-Fgk

Lumping Elon Musk (who I do not like, particularly) in with SBF is entirely retarded in my opinion. (yes, I have chosen to be an ablest or whatever we call that type of person we disagree with now)

Currently it seems to me the elon FUD is coming from one side of the political spectrum.  And I do not expect most of them to admit it if he actually pulls off whatever the hell he's doing... lol.

[Arriemoller]

Of note....in Houston, TX, real estate taxes are 'killing" me every darned year.
They are roughly 2% per year per current year RE value...you can have 3X of the house (in $) in Cali, 4X in Colorado for the same tax.
As valuation rises, that 2% becomes more and more. The only limit of increase is 10% increase max for the year, but if, say, property value increased 20% in a year, this means that you would get hit with 10% tax increase two years in a row, unless value drops in year 2.

But no income tax.

You have to pay somehow for the quality electric infrastructure...

are you being sarcastic?
if yes, OK, but usually it is stable (apart from when it was minus 4-5C in a subtropical situation).
if not sarcastic, then they have 8.25% sales tax to compensate for no state tax...we still pay federal taxes, though.

And over here we have 25% sales tax and about 30% income tax depending on the region you live in, but on the other hand we don't have a anheritance tax and no wealth tax and the property tax (called a council fee) is capped at 8 874 SEK (849 USD). I suppose the money has to come from somewhere.

[ChartBuddy]

Explanation

[HI-TEC99]

...

Taking down FTX hurt but now that we know how dodgy it was, you can't really argue it's a bad thing.

...

It taught Jennifer Aniston a lot.

[aesma]

Of note....in Houston, TX, real estate taxes are 'killing" me every darned year.
They are roughly 2% per year per current year RE value...you can have 3X of the house (in $) in Cali, 4X in Colorado for the same tax.
As valuation rises, that 2% becomes more and more. The only limit of increase is 10% increase max for the year, but if, say, property value increased 20% in a year, this means that you would get hit with 10% tax increase two years in a row, unless value drops in year 2.

But no income tax.

You have to pay somehow for the quality electric infrastructure...

Not sure if this is serious or sarcastic considering how much shit my state gets for the icepocolypse a couple years ago.  But TX is bringing big time mining companies into the state and they are balancing the grid.

The lack of a state tax IS quite nice.  But yes, the property taxes are the other end of it all...

Yes I was being sarcastic about the cold event, I don't pretend to know what has been going on since then. And Texas is supposed to be "low tax".

[Hueristic]

...

Taking down FTX hurt but now that we know how dodgy it was, you can't really argue it's a bad thing.

...

It taught Jennifer Aniston a lot.

LOL...Iggy Pop?

Very nice read.

Thx glad you liked.

[Biodom]

hey...
btc is up for the week (7d)....noice

[ChartBuddy]

Explanation

[El duderino_]

Alright

Honest

Belgium not the best impression at first game, but it’s the WK and a very important first win while the others had a draw……

I hope the team grows ons and find there best selves…. Important win for confidence and group etc….

[Hueristic]

Alright

Honest

Belgium not the best impression at first game, but it’s the WK and a very important first win while the others had a draw……

I hope the team grows ons and find there best selves…. Important win for confidence and group etc….

I have no firm opinions about the WK except, BEER IS IMPORTANT !!!!!!!!!

[Biodom]

Alright

Honest

Belgium not the best impression at first game, but it’s the WK and a very important first win while the others had a draw……

I hope the team grows ons and find there best selves…. Important win for confidence and group etc….

I have no firm opinions about the WK except, BEER IS IMPORTANT !!!!!!!!!

no beer there..people are pissed
they bait and switch on the beer issue.