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

[ChartBuddy]

Explanation

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[JimboToronto]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Are you serious? Day-trading is just gambling. Buying an asset you see long-term value in and holding it long-term is investing.

The Bitcoin multi-millionaires here in WO didn't get rich by day-tarding. They did it by hodling through thick and thin regardless of the price.

Nobody here is jealous of the likes of you.

[STT]

I dont disagree with Schiff underlining there are real losses to working wages,  the Dollar lost alot of value compared to its prior peak values.   Its no longer usable as a saving instrument for most people, the largest entities on the planet still trade Dollar debt because of primary dealer advantages its an uneven game (china tried to illicitly double up their seats to access to that kind of buying) and the smallest players lose the most such as the common workers.
  The whole deal would have fallen over had it not been for technology making up some of the losses to large government + this over subsidy to finance generally die to the banks servicing of that large debt.   Theres no way Schiff is right on everything or anyone else, but its quite obvious we dont have a proper capitalist system anymore and he serves a purpose making that clear to more people then otherwise might notice I guess.
'

I like twitter for its brevity just as a news feed of stories, avoid comments on that site could be best unless you really find anyone you like.     12th Jan is CPI data and if it disappoints could upset this YTD recovery we've had small as it is.

[philipma1957]

I dont disagree with Schiff underlining there are real losses to working wages,  the Dollar lost alot of value compared to its prior peak values.   Its no longer usable as a saving instrument for most people, the largest entities on the planet still trade Dollar debt because of primary dealer advantages its an uneven game (china tried to illicitly double up their seats to access to that kind of buying) and the smallest players lose the most such as the common workers.
  The whole deal would have fallen over had it not been for technology making up some of the losses to large government + this over subsidy to finance generally die to the banks servicing of that large debt.   Theres no way Schiff is right on everything or anyone else, but its quite obvious we dont have a proper capitalist system anymore and he serves a purpose making that clear to more people then otherwise might notice I guess.
'

I like twitter for its brevity just as a news feed of stories, avoid comments on that site could be best unless you really find anyone you like.     12th Jan is CPI data and if it disappoints could upset this YTD recovery we've had small as it is.

We have robber barons crushing out the middle class everywhere they can do it.

Lots of ways to do it.

iPhone = investment killer

cost for a family of four 5k a year to buy and run them . many middle class families do this.

last poll on what is more important pc or cell phone.

vote was 70% cell phone.

most people do not understand the cost to them.

just get an iphone free with verizon or at+t

that free phone costs close to 1200 with the contract.

family of four 4800 a year.

so many replace the phones every new model.

tag on an internet and cable deal for the home and you are pushing 6-7k a year.

all kind of needed to keep up 🆙.

I go for 1200 a year as i have three cellphones for mining. wife has a cell phone so four phones and i buy replacements every two-three years. cost 400 a year. so 1600 for phones which earn mining profits. higher than 1600. so my phones and my pcs and my mining gear turn profit.

I would think many people cant say that.

[ChartBuddy]

Explanation

[Tipeform$]

Bitcoin 1D Chart - 77.4% down from ATH in 364 days.
$15,476 was the BTC bottom.

The current state of Bitcoin is deplorable.  But now the opposite is happening.  It is a good sign that the price of Bitcoin is gradually improving.

[philipma1957]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

I am picking up btc every fucking week time after time.

and I did buy more with three dips 12x

then I did with the dca 10x

the dca takes all pressures away.

and allows you the ability to always accumulate coin each and every week.


my dips buys were 15.7 ,15.9 ,16.2

and I do more coin accumulatation via mining coins than buying coins.

I did dip buys of gear and dca of gear since sept 15.

I added 9 miners

4 via dip buy
5 via dca buy


I plan to add more gear this year.

frankly fiat price of the gear so far was way more than 22x fiat units of btc.

over 10 fold units fiat  were spent on the gear as compared to buying btc outright.

[JayJuanGee]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Yes you are picking up pennies in front of a steam-roller while many of us had picked up tens or even hundreds or perhaps even thousands of times more value back in early 2017 or even earlier than that.  Hard to be jealous when we see the potential or maybe better yet likely pain of you trying to risk ur lil selfie getting squished like a little bug for very small amounts of value, if you were even able to accomplish what you proclaim to be attempting.

dca or bulk buying
dont dwaddle, dont miss the boat
bitcoin does not wait

What's that supposed to mean?

You deserve a double-cupped upside down taking the piss batslappening from Robin-herself for proliferating such blasphemy of such ambiguous proportions.

#justlettingyouknow - #dontshootdeemessenger

Bitcoin 1D Chart - 77.4% down from ATH in 364 days.
$15,476 was the BTC bottom.

OMG.. pink.

that's outrageous.

[TrustedBitcoiner]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Are you serious? Day-trading is just gambling. Buying an asset you see long-term value in and holding it long-term is investing.

The Bitcoin multi-millionaires here in WO didn't get rich by day-tarding. They did it by hodling through thick and thin regardless of the price.

Nobody here is jealous of the likes of you.

could have been richer had you sold the rips and bought the dips!  

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

Yes you are picking up pennies in front of a steam-roller while many of us had picked up tens or even hundreds or perhaps even thousands of times more value back in early 2017 or even earlier than that.  Hard to be jealous when we see the potential or maybe better yet likely pain of you trying to risk ur lil selfie getting squished like a little bug for very small amounts of value, if you were even able to accomplish what you proclaim to be attempting.

I am the steam roller! Muahahahaha

maybe next season you can join me  

I'm just having fun, let me pretend i can get rich af trying to setup and execute good trades.

[TrustedBitcoiner]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

I am picking up btc every fucking week time after time.

and I did buy more with three dips 12x

then I did with the dca 10x

the dca takes all pressures away.

and allows you the ability to always accumulate coin each and every week.


my dips buys were 15.7 ,15.9 ,16.2

and I do more coin accumulatation via mining coins than buying coins.

I did dip buys of gear and dca of gear since sept 15.

I added 9 miners

4 via dip buy
5 via dca buy


I plan to add more gear this year.

frankly fiat price of the gear so far was way more than 22x fiat units of btc.

over 10 fold units fiat  were spent on the gear as compared to buying btc outright.

so minning has gotten you a better avg price then DCA?

in a way minning is like forced DCA'ing.. interested that you've done both.

[ChartBuddy]

Explanation

[philipma1957]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

I am picking up btc every fucking week time after time.

and I did buy more with three dips 12x

then I did with the dca 10x

the dca takes all pressures away.

and allows you the ability to always accumulate coin each and every week.


my dips buys were 15.7 ,15.9 ,16.2

and I do more coin accumulatation via mining coins than buying coins.

I did dip buys of gear and dca of gear since sept 15.

I added 9 miners

4 via dip buy
5 via dca buy


I plan to add more gear this year.

frankly fiat price of the gear so far was way more than 22x fiat units of btc.

over 10 fold units fiat  were spent on the gear as compared to buying btc outright.

so minning has gotten you a better avg price then DCA?

in a way minning is like forced DCA'ing.. interested that you've done both.

Actually if you can create proper power price for your mine.

You don’t lose money you simply make less when prices are low.


Now proper power price creation at the megawatt level is hard.

We are up to 300kwatts of ‘free’ power.

we have 175kwatts of gear.


I can’t lose money money is not quite true but more true than almost anyone.

Does it mean I am wealthy no.

As the ‘free’ power creation is really hard to do.

We have been working at do it since 2015. we are now at the max we can create at the locations we have.

300 kwatts an hour if it was 10 cent a kwatt is 30 dollars an hour. or around 720 a day or 21600 a month.

now actual power value is about 5 cents more like 10800 a month.

doing mining we are somethings splitting 30000 four ways.

or 5000 four ways each month.

so when times are whaling i made 7500 a month and when times suck I make 1250 a month.

So right now times suck I can do various things with my share.

I buy BTC via dca and I add gear.

Now I get tax breaks adding the gear and we are not filled up so I dca the gear more than buying the BTC.

yeah i could lose money if coins tank to zero.
if the gear gets wrecked in a flood or disaster.
but mostly I am always in a safer space then you will be via trading.

but you have a bigger upside or downside than i do.

[Hueristic]

Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab and CoinSetter arrive, and before BitStamp gets bigger. Once there is more than one big exchange, DDoS of any one will have much less effect. Meanwhile the entire system grows stronger every time it is attacked, with the attackers being rewarded for their services in strengthening the system, effectively paving the way for further growth.

Never a dull day at MtGox HQ. The DDoSers must be milking every last chance before the big exchanges at CoinLab and CoinSetter arrive, and before BitStamp gets bigger. Once there is more than one big exchange, DDoS of any one will have much less effect. Meanwhile the entire system grows stronger every time it is attacked, with the attackers being rewarded for their services in strengthening the system, effectively paving the way for further growth.

Without the attacks that have been occurring at a billion-dollar market cap, Bitcoin wouldn't be ready for the kinds of attacks that will come at ten and a hundred billion dollars.

Bye bye.

[TrustedBitcoiner]

you guys just jelly that i am taking advantage of this range day trading scooping up more btc with each wave.  

I am picking up btc every fucking week time after time.

and I did buy more with three dips 12x

then I did with the dca 10x

the dca takes all pressures away.

and allows you the ability to always accumulate coin each and every week.


my dips buys were 15.7 ,15.9 ,16.2

and I do more coin accumulatation via mining coins than buying coins.

I did dip buys of gear and dca of gear since sept 15.

I added 9 miners

4 via dip buy
5 via dca buy


I plan to add more gear this year.

frankly fiat price of the gear so far was way more than 22x fiat units of btc.

over 10 fold units fiat  were spent on the gear as compared to buying btc outright.

so minning has gotten you a better avg price then DCA?

in a way minning is like forced DCA'ing.. interested that you've done both.

Actually if you can create proper power price for your mine.

You don’t lose money you simply make less when prices are low.


Now proper power price creation at the megawatt level is hard.

We are up to 300kwatts of ‘free’ power.

we have 175kwatts of gear.


I can’t lose money money is not quite true but more true than almost anyone.

Does it mean I am wealthy no.

As the ‘free’ power creation is really hard to do.

We have been working at do it since 2015. we are now at the max we can create at the locations we have.

300 kwatts an hour if it was 10 cent a kwatt is 30 dollars an hour. or around 720 a day or 21600 a month.

now actual power value is about 5 cents more like 10800 a month.

doing mining we are somethings splitting 30000 four ways.

or 5000 four ways each month.

so when times are whaling i made 7500 a month and when times suck I make 1250 a month.

So right now times suck I can do various things with my share.

I buy BTC via dca and I add gear.

Now I get tax breaks adding the gear and we are not filled up so I dca the gear more than buying the BTC.

yeah i could lose money if coins tank to zero.
if the gear gets wrecked in a flood or disaster.
but mostly I am always in a safer space then you will be via trading.

but you have a bigger upside or downside than i do.

cool beans.

[ChartBuddy]

Explanation

[nutildah]

Do we like all the unknown accounts posting all the news and pics we all already have seen on twitter for ourselves??

Or do we only like them when the OG's post them in here  

The difference is OGs aren't posting them to coax merits out of you and Wordyman. Intention matters. Stop enabling the merit farmer culture. It degrades the importance of actual Bitcoin literacy and favors those who pursue the art of sucking up.

Basically you cripple the farmers' ability to succeed in the long term by rewarding lazy behaviors.

[Arriemoller]

I realise he is a bit of a dinosaur, especially when it comes to BTC vs gold, but I am enjoying listening to Peter Schiff's massively increased bloated government attacks over the last year.

He pointed out that 40-50-60 years ago it was quite easy for most men to go out, get a decent job and feed a family of 6, no credit card, small mortgage (if that), no food bank. Now even with two incomes, after going to university and leaving with student debt many people are struggling or have a bloated mortgage or a bloated credit card debt. In worse case it's all four and still need a food bank.

What exactly changed? And why are we letting those fuckers (politicians and media who pulled the wool over our eyes during all recent crises) get away with it?!

Cost of living crisis: Larger families warned they could be in 'real trouble'
https://uk.yahoo.com/news/cost-of-living-crisis-larger-families-warned-they-could-be-in-real-trouble-173056565.html

US:


UK:


Supposedly the most affluent countries (and those apparently with supposedly the best health care systems) are the worst when it comes to debt vs income ratio. Truly bizarre:




The media and government seem to be colluding in wanting smaller families, or in worse case scenario destroy the family unit and prefer to import boat or border crossing people. They were quite happy to arrest granny for sitting on her own on a park bench for not wearing a mask during the extremely dangerous CoViD but SBF can be a billionaire scamming criminal cunt of epic proportions and still happily go back home to jerk off to pornhub for the rest of his life, minimal questions asked.

"Hey you farmer a-hole, stop your disgusting practice that is helping to feed everyone, we prefer to house those who come from thousands of miles away, get lost."  

Truly astonishing.

People changed.
I spent a lot of time with my grandparents on my fathers side when I was young, he was born in 1900 and his wife in 1903.
When they got merried in the 30s they bought a small one room apartment in a house that was brand new and top modern, it had a WC (indoor plumbing) when most houses still had outhouses, it had running cold water when some houses still had a well in the yard, they had a bathtub (with hot running water) in the celler that they could use in rota with the other tennants when others had to go to the bathouse, they had a washing machine in the basement that they could use in rota with the other tennants, when others had to go to a cleaner or laundromat. It had a kitchen with a gas stove and central heating. This was state of the art when it was built. the one room had a niche for a bed with drapes for the kids, the rest of the room was rearanged every evening so they could fold out the bed that was a couch during daytime. The furniture was bought new, but it wasn't much, the aforementioned sofa/bed, a small dinnertable, four chairs to that, lamps, a kitchen table and chairs and some kocking appliances. They lived in that apartment for their whole lifes with the same furniture. He died in 1971 and she died three years later. He worked his whole life and actually got a hart attack at 71 at work, where he had kept working as a consultant, as we would call it today after his pension at 65, he was an electrician and foreman at Sydkraft, the leading electric compant in southern Sweden at the time. Electrician in the early 1900s was a cool job, like IT guys in the late 1900s, and he had a decent pay. his wife was a stay at home wife, she made all the meals from schratch, she mended all the clothes and socks until they were unmendeble, she would then turn them in to cleaning or polishing rags, she would save the ends of bread loafs and make breadcrumbs of them, and so on. they raised two kids, and in the aerly 60s they had saved enough money to buy a Ford Anglia and a plot of land in Stenskogen, on that plot he built a summerhouse together with his two sons and his wife, including felling all the trees, it was a forest plot. they later upgraded to a SAAB V4 and installed electricity in the  summerhouse, he did that himself of course, being an electrician. They also along the way bought a radio gramophone and later a TV. They never ate out except on special occasions and buying a cup of coffe on the go was unthinkeble, (and not available).

You get the picture, if people in their 20s and 30s today would live that way I'm sure they wouldn't have any problems getting by.

Edit: he was also a bit of a snob, allways had nice clothes and was seen at clubs dancing jitterbug in his youth, and so was my granny. He was also a member of the Druid order.

[ChartBuddy]

Explanation

[philipma1957]

I realise he is a bit of a dinosaur, especially when it comes to BTC vs gold, but I am enjoying listening to Peter Schiff's massively increased bloated government attacks over the last year.

He pointed out that 40-50-60 years ago it was quite easy for most men to go out, get a decent job and feed a family of 6, no credit card, small mortgage (if that), no food bank. Now even with two incomes, after going to university and leaving with student debt many people are struggling or have a bloated mortgage or a bloated credit card debt. In worse case it's all four and still need a food bank.

What exactly changed? And why are we letting those fuckers (politicians and media who pulled the wool over our eyes during all recent crises) get away with it?!

Cost of living crisis: Larger families warned they could be in 'real trouble'
https://uk.yahoo.com/news/cost-of-living-crisis-larger-families-warned-they-could-be-in-real-trouble-173056565.html

US:


UK:


Supposedly the most affluent countries (and those apparently with supposedly the best health care systems) are the worst when it comes to debt vs income ratio. Truly bizarre:




The media and government seem to be colluding in wanting smaller families, or in worse case scenario destroy the family unit and prefer to import boat or border crossing people. They were quite happy to arrest granny for sitting on her own on a park bench for not wearing a mask during the extremely dangerous CoViD but SBF can be a billionaire scamming criminal cunt of epic proportions and still happily go back home to jerk off to pornhub for the rest of his life, minimal questions asked.

"Hey you farmer a-hole, stop your disgusting practice that is helping to feed everyone, we prefer to house those who come from thousands of miles away, get lost."  

Truly astonishing.

People changed.
I spent a lot of time with my grandparents on my fathers side when I was young, he was born in 1900 and his wife in 1903.
When they got merried in the 30s they bought a small one room apartment in a house that was brand new and top modern, it had a WC (indoor plumbing) when most houses still had outhouses, it had running cold water when some houses still had a well in the yard, they had a bathtub (with hot running water) in the celler that they could use in rota with the other tennants when others had to go to the bathouse, they had a washing machine in the basement that they could use in rota with the other tennants, when others had to go to a cleaner or laundromat. It had a kitchen with a gas stove and central heating. This was state of the art when it was built. the one room had a niche for a bed with drapes for the kids, the rest of the room was rearanged every evening so they could fold out the bed that was a couch during daytime. The furniture was bought new, but it wasn't much, the aforementioned sofa/bed, a small dinnertable, four chairs to that, lamps, a kitchen table and chairs and some kocking appliances. They lived in that apartment for their whole lifes with the same furniture. He died in 1971 and she died three years later. He worked his whole life and actually got a hart attack at 71 at work, where he had kept working as a consultant, as we would call it today after his pension at 65, he was an electrician and forman at Sydkraft, the leading electric compant in southern Sweden at the time. Electrician in the early 1900s was a cool job, like IT guys in the late 1900s, and he had a decent pay. his wife was a stay at home wife, she made all the meals from schratch, she mended all the clothes and socks until they were unmendeble, she would then turn them in to cleaning or polishing rags, she would save the ends of bread loafs and make breadcrumbs of them, and so on. they raised two kids, and in the aerly 60s they had saved enough money to buy a Ford Anglia and a plot of land in Stenskogen, on that plot he built a summerhouse together with his two sons and his wife, including felling all the trees, it was a forest plot. they later upgraded to a SAAB V4 and installed electricity in the  summerhouse, he did that himself of course, being an electrician. They also along the way bought a radio gramophone and later a TV. They never ate out except on special occasions and buying a cup of coffee on the go was unthinkeble, (and not available).

You get the picture, if people in their 20s and 30s today would live that way I'm sure they wouldn't have any problems getting by.

2 cups of coffee a day at dunkin' donuts = 6 usd or 2000 a year. Your wife does the same 4,000 usd a year.

[TrustedBitcoiner]

I realise he is a bit of a dinosaur, especially when it comes to BTC vs gold, but I am enjoying listening to Peter Schiff's massively increased bloated government attacks over the last year.

He pointed out that 40-50-60 years ago it was quite easy for most men to go out, get a decent job and feed a family of 6, no credit card, small mortgage (if that), no food bank. Now even with two incomes, after going to university and leaving with student debt many people are struggling or have a bloated mortgage or a bloated credit card debt. In worse case it's all four and still need a food bank.

What exactly changed? And why are we letting those fuckers (politicians and media who pulled the wool over our eyes during all recent crises) get away with it?!

Cost of living crisis: Larger families warned they could be in 'real trouble'
https://uk.yahoo.com/news/cost-of-living-crisis-larger-families-warned-they-could-be-in-real-trouble-173056565.html

US:


UK:


Supposedly the most affluent countries (and those apparently with supposedly the best health care systems) are the worst when it comes to debt vs income ratio. Truly bizarre:




The media and government seem to be colluding in wanting smaller families, or in worse case scenario destroy the family unit and prefer to import boat or border crossing people. They were quite happy to arrest granny for sitting on her own on a park bench for not wearing a mask during the extremely dangerous CoViD but SBF can be a billionaire scamming criminal cunt of epic proportions and still happily go back home to jerk off to pornhub for the rest of his life, minimal questions asked.

"Hey you farmer a-hole, stop your disgusting practice that is helping to feed everyone, we prefer to house those who come from thousands of miles away, get lost."  

Truly astonishing.

People changed.
I spent a lot of time with my grandparents on my fathers side when I was young, he was born in 1900 and his wife in 1903.
When they got merried in the 30s they bought a small one room apartment in a house that was brand new and top modern, it had a WC (indoor plumbing) when most houses still had outhouses, it had running cold water when some houses still had a well in the yard, they had a bathtub (with hot running water) in the celler that they could use in rota with the other tennants when others had to go to the bathouse, they had a washing machine in the basement that they could use in rota with the other tennants, when others had to go to a cleaner or laundromat. It had a kitchen with a gas stove and central heating. This was state of the art when it was built. the one room had a niche for a bed with drapes for the kids, the rest of the room was rearanged every evening so they could fold out the bed that was a couch during daytime. The furniture was bought new, but it wasn't much, the aforementioned sofa/bed, a small dinnertable, four chairs to that, lamps, a kitchen table and chairs and some kocking appliances. They lived in that apartment for their whole lifes with the same furniture. He died in 1971 and she died three years later. He worked his whole life and actually got a hart attack at 71 at work, where he had kept working as a consultant, as we would call it today after his pension at 65, he was an electrician and forman at Sydkraft, the leading electric compant in southern Sweden at the time. Electrician in the early 1900s was a cool job, like IT guys in the late 1900s, and he had a decent pay. his wife was a stay at home wife, she made all the meals from schratch, she mended all the clothes and socks until they were unmendeble, she would then turn them in to cleaning or polishing rags, she would save the ends of bread loafs and make breadcrumbs of them, and so on. they raised two kids, and in the aerly 60s they had saved enough money to buy a Ford Anglia and a plot of land in Stenskogen, on that plot he built a summerhouse together with his two sons and his wife, including felling all the trees, it was a forest plot. they later upgraded to a SAAB V4 and installed electricity in the  summerhouse, he did that himself of course, being an electrician. They also along the way bought a radio gramophone and later a TV. They never ate out except on special occasions and buying a cup of coffee on the go was unthinkeble, (and not available).

You get the picture, if people in their 20s and 30s today would live that way I'm sure they wouldn't have any problems getting by.

2 cups of coffee a day at dunkin' donuts = 6 usd or 2000 a year. Your wife does the same 4,000 usd a year.

your 6 dollars a day saved isn't really doing very much to the bottom line tho.

bottom line is the next gen will own nothing, but at least they will be happy, with their daily $6 mata-verse coffee?