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

[ChartBuddy]

Explanation

[bbigtart]

One day she’ll appreciate my Bitcoin



Source

[cygan]

and this is our spy balloon 

[ChartBuddy]

Explanation

[JayJuanGee]

spoon bending matrixboy says there is was no bear market

comparison with gold...

https://twitter.com/el_crypto_prof/status/1620493517759074305/photo/1
I don't think so, but let's see  
... I guess WOers could live with an ATH this year ...except a few waiting for trains that already left

Any of us can put BTC recent price performance into a variety of packages in order to attempt to come up with some novel theory to describe what is going to happen in such a way as to attempt to distinguish our lil selfies from the more common narratives that are being predicted, then what happens?  Claims of being a genius who could see into the future - even though in the end, most of the longer term bitcoiners likely realize that bitcoin has some frameworks that can be seen over the years, and there are a variety of ways that it could seem to deviate from such past patterns both in terms of price extremes or in terms of timelines - but then retroactively, we might end up looking back and figuring out that the BTC price pattern had not deviated as much as we had thought it was deviating, even while we were in the midst of what we had considered to have had been a sufficiently sized deviation.

Even though we might consider that the four-year fractal seems to continue to have quite a bit of persuasive power regarding what has decently good chances of playing out, there is nothing saying that we might not end up experiencing some kind of a front running event that results in our having a ATH this year or even spurting up to $1million this year, even though we are NOT supposed to be getting such price runs before the April 2024 halvening .. but so fucking what.  King daddy likely gives few shits, and we can likely anticipate some reasons for some kind of an exponential BTC price run, yet we are never really guaranteed with any kind of certainty regarding when such a price run might occur or how much it might go in the UPpity direction...

I would imagine that there would be a considerable amount of selling going on if the BTC price were to spurt up that fast, but even a considerable amount of selling might not be enough to stop the BTC price from continuing to go up beyond expectations in a short-period of time - so all of a sudden the BTC price ends up getting close to $1million, crashing to $100k-ish and then perhaps 5 digits are no longer part of our realm of possibilities, even if we might have people proclaiming that we inevitably need to retest prices in the 5 digits blah blah blah.. and will it happen?  I don't know.  I can still shave off some of my 0.63 BTC and live quite well off of the from time to time shavings.. I might even consider shaving off 0.11630268 BTC when we hit $871,381.37 just to front run a few of you fucks selling between $888k and $1 million. 

No sympathy from this here cat..    If you hadn't noticed, it's a dog eat dog world in bitcoinlandia, just to mix a few metaphors.

[ChartBuddy]

Explanation

[heslo]

https://www.coindesk.com/business/2023/02/03/craig-wrights-uk-case-against-16-bitcoin-developers-to-go-to-full-trial-report/

lol poor old Faketoshi wants the core devs to give him "his" 111000 back via a fork. Good luck mate, I'm happy for another air drop.

Fuck I can't wait for the day when this fuckhead ends up in jail for all his frauds

[ChartBuddy]

Explanation

[eXPHorizon]

When you plug back in and see this shit...




Asato ma sad gamaya

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

$jjg...As promised, here are some numbers:

If i had bulk invested $47K instead of DCA since 2013-2014, using buys at exactly my actual timing, I would have gotten about 113-114 BTC vs 45btc (dcaing by your estimate).
Please...I did not invest 47K (could be any other number), so don't start counting it as my "basis", I simply used the number in your example.

But, here is a more pertinent number: with mining started in Nov 2019 and lasting until about March 2022.
2.3 btc mined with the average price of $18.17K/btc. Revenue about 41.8K
If, instead, you would have spend the exact same $$ (say, 42K) on DCA during the same time period, doing it on a weekly basis, then Excel gives me a weekly average for btc of $29.2K and, therefore, 1.43 BTC accumulated.
2.3 is >>1.43
btw, my previous assertions for averages were all based on weekly btc prices put into Excel (sorry, don't care about dcabtc website).
You can ask me: how come the btc mined price average is lower. It is because when you mine, you always mine more in the beginning and less later (due to difficulty increase).

TL;DR bulk purchase earlier wins (obviously), but don't neglect mining, especially if you start a new round when btc price is low and price of machines is low as well. Imho, peeeps should listen to what phil is saying about when is a good time to start mining and or purchase mining machines.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

$jjg...As promised, here are some numbers:

If i had bulk invested $47K instead of DCA since 2013-2014, using buys at exactly my actual timing, I would have gotten about 113-114 BTC vs 45btc (dcaing by your estimate).
Please...I did not invest 47K (could be any other number), so don't start counting it as my "basis", I simply used the number in your example.

But, here is a more pertinent number: with mining started in Nov 2019 and lasting until about March 2022.
2.3 btc mined with the average price of $18.17K/btc. Revenue about 41.8K
If, instead, you would have spend the exact same $$ (say, 42K) on DCA during the same time period, doing it on a weekly basis, then Excel gives me a weekly average for btc of $29.2K and, therefore, 1.43 BTC accumulated.
2.3 is >>1.43
btw, my previous assertions for averages were all based on weekly btc prices put into Excel (sorry, don't care about dcabtc website).
You can ask me: how come the btc mined price average is lower. It is because when you mine, you always mine more in the beginning and less later (due to difficulty increase).

TL;DR bulk purchase earlier wins (obviously), but don't neglect mining, especially if you start a new round when btc price is low and price of machines is low as well. Imho, peeeps should listen to what phil is saying about when is a good time to start mining and or purchase mining machines.

added two whatsminers 200 th coming in about eight days.

[Tipeform$]

#BTC   : is the worst yet to come?




https://twitter.com/MMCrypto/status/1621907308694609920?t=Orup1mMv6ppkXkr37I6Ltw&s=19

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Arriemoller]

I'm probably wrong but this stupid Chinese balloon story has many hallmarks of a media psy-op for distraction

It's a convenient distraction from Ukraine losing against the Russian invasion (certainly in the east) and probably going to be in a terrible bargaining position later this year thanks to the help of the USA, NATO and Boris Johnson. They will be lucky if they keep everything west of the Dnieper river. Donetsk, Luhansk and Crimea ain't ever coming back, that's for sure.

Plus the fact certain forces in the USA recently even said they think they will be at war with China in a few years.
What a coincidence!

China can put countless satellites in space, monitoring whatever the USA is doing and even make all the iPhones sold in the USA, but a balloon?! A balloon?! Yep, THAT's not acceptable!

 

You don't seem to realize that Ukraine is still winning, I think you should call that wake up call woman.

[Arriemoller]

Anyone wanna give me a three week summary? Pretty please.