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

[JayJuanGee]

should I dca or bulk purchase doge

DCA does not work with shitcoins.

There needs to be a presumption of underlying value...  meaning that in the longer term the price will be higher than it is today... which usually, I would like to consider long term to be 4-10 years or longer. .and it seems to me that no shitcoin, including but not limited to doggie coin has a life expectancy that is likely to endure at least 4 years for one thing or to have a decent probability that it's price four years from now would be higher than today's price.

I need posters to help me as I only allow myself one post at a time.

Just make a doge shitcoin post aimed at jjg and you'll have all the engagement you can handle.

example: should I dca or bulk purchase doge on a elon tweet?

I mine both Ltc and Doge on a constant basis since it earns the most fiat per watt.

does this do the trick jjg?

I suppose that it does do the trick..


You fuck.

...

I am wondering if there are any other proof of work coins..  I suppose that I could google it..    Any BTC spin off coin would be proof of work.. BSV and BCH.. but whatever.. this is hurting for my head to even think about other possible proof of work coins.. even though they seem to be diminishing. .and like you mentioned not profitable.. even though some of the miners, like uie pooie will mine anything.. so I understand that there is a certain amount of neutrality as long as you believe that it is bringing in more dinero.. .. and I suppose that having a Sha256 algorithm makes for easier switching between coins versus if the shitcoin were to have some other mining algorithm..?  I am not really too schooled on the topic, and not sure how interested that I am, either..

[edited out]

I think the answer is obvious  

I kind of feel like I am looking in the mirror.. for whatever that's worth.

But tbf, if pow shitcoins get's you more satoshis per watt then go for it.
As long as it ends up in satoshis

Maybe you and Phil should team up?  As butt buddies.

 

but bottom line for mining today a paid off L7 earns $24 cash and burns 75 kwatts daily
a paid off s19xp earns $ 8.80 cash and burns 75 kwatts daily

so if you ignore the job and look at the $ per watt you want to mine with the L7 and covert the Ltc and Doge to $ or BTC

So, I am gathering (perhaps erroneously?) to the extent that any of this matters in the whole scheme of thingie-ma-jiggies that you cannot use the same equipment set-up to switch back and forth from mining BTC to mining those two above-referenced POW shitcoins?

[1714247771]

1714247771

[1714247771]

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[AverageGlabella]

DCA does not work with shitcoins.

Nothing works with shit coins I tried for many years when I first started in cryptocurrency and I never profited any thing worth bragging about and I probably wasted 100 of hours on trying to find different projects, setting up different mining software to only be disappointed when the developers just ran from the project and stopped development.

I have become smarter with age and I now only buy Bitcoin any thing else would be a waste even if I could get a profit  I could get more with Bitcoin.

[philipma1957]

should I dca or bulk purchase doge

DCA does not work with shitcoins.

big snip

I think it was meant as sarcasm  







15

[ChartBuddy]

Explanation

[philipma1957]

@jjg I just purchased a silver bar am I a bad boy? .  

































16

[AverageGlabella]

I had one conversation today with a friend about Bitcoin. He said he saw Bitcoin in the news and it dropped a few 1000 and he said the bubble is bursting. I got angry because I have heard him say this before and he says it every time Bitcoin goes down. He knows I am invested and he might be trying to look out for me but I think it is more sinister and he is trying to make me convert my Bitcoin into euros. He does not gain any thing from it so I do not know why he teases me about it being a bubble every time we see a decline.

I responded telling him that he says it every time and that Bitcoin has always recovered but he shrugged it off and said it will end eventually. I gave up and I do not feel like educating him about Bitcoin because I think he will ignore the facts and continue to say stupid things.

[philipma1957]

Wow rent a scope for southern sky photos.

I have a very close friend that is amazingly a flat earther.

I don't argue with him about it.

But I prefer a deep vast universe over that.

I would find it hard to be friends with some one that does not acknowledge that the world has been proven to be not flat has your friend never been on a plane and seen that the world is not flat? Your friend might be great and I am not trying to say you should not be friends with him but I am wondering what other crazy things he believes in. I guess it could be entertaining listening to what he thinks is real and not in the world.

Some times he is very insightful.

But others times we agree to disagree.



















17

[ChartBuddy]

Explanation

[philipma1957]

DCA does not work with shitcoins.

Nothing works with shit coins I tried for many years when I first started in cryptocurrency and I never profited any thing worth bragging about and I probably wasted 100 of hours on trying to find different projects, setting up different mining software to only be disappointed when the developers just ran from the project and stopped development.

I have become smarter with age and I now only buy Bitcoin any thing else would be a waste even if I could get a profit  I could get more with Bitcoin.

Mining works for scrypt then convert to btc.


but you need cheap power.















 18

[dragonvslinux]

https://i.imgur.com/LG6pab2.mp4

Thanks for the share, didn't realise that had happened. Controversial I know, but I like forests, trees, plants and nature

First case of festival goers arrested for domestic terrorism maybe? Never heard that one before (in US) to be honest.

Obvious reality is crime happened during the day, festival happened during the night, all very close I guess.

Then the night-time party goers get arrested for the daytime crime as "terrorism"

Makes total sense, am 100% certain that'll hold up in court!

And they still wonder why Atlanda doesn't like cops.

[philipma1957]

BREAKING 🚨 Subtle changes in legislation pushed through house and senate which could facilitate CBDCs and ban #Bitcoin     in the US😱

https://twitter.com/BitcoinNewsCom/status/1631882733940006914?t=6OTEMGMrGSap2_HUlXXxCg&s=19

I read this and don't see any info at all.  does anyone know what was passed?















19

[JayJuanGee]

Gold and BTC investors are at a very crucial moment, are investors buying gold and are they ready to buy BTC?

It may be that I'm making bad speculations, it just came to my mind.

Fuck gold.

There is nothing crucial in regards to the two.

 Bitcoin is around 1/20th the price of gold and bitcoin is about 1,000x or so more valuable than gold.

So you do the math in terms of whether any "crucialities" are happening in regards to bitcoin versus gold.

By the way, sure it could take 100 to 200 years before gold/bitcoin find their appropriate prices relative to one another - but still in the short term which one do you consider to be easier to "verify"

Which one do you consider to be easier to transport?

Which one do you consider to be easier to divide?

which one do you consider to be easier to self-store and transact with and not necessarily to involve any third parties?

You can fuck around with gold all you like, if you think that it's going to be helpful to you in the next 4-10 years or more or whatever might be your investment time horizon.. yet part of the reason that we do not have much if any discussions in this thread regarding gold versus bitcoin since 2014 to 2019-ish, is because a large number of folks have already gotten the memo.. ... oh yeah, I forgot that there was a wee bit of a spell between about March and July-ish 2020 that the gold-tards were getting excited about their shiny metal relative to bitcoin.. but you should be able to look at the charts to see how that actually played out.. good luck with your shiny rock collection.. its all nice and everything, but relative to my lil precious (aka dee cornz) give me a break.   

[sirazimuth]

….

I have a very close friend that is amazingly a flat earther.

…..

Tell him to start a Flat Earth thread on up coming April Fool’s day.
That’s never been done before, though of course, something that ridiculous will never last more than a few pages.
Oh wait a minute ……

[philipma1957]

Gold and BTC investors are at a very crucial moment, are investors buying gold and are they ready to buy BTC?

It may be that I'm making bad speculations, it just came to my mind.

Fuck gold.

There is nothing crucial in regards to the two.

 Bitcoin is around 1/20th the price of gold and bitcoin is about 1,000x or so more valuable than gold.

So you do the math in terms of whether any "crucialities" are happening in regards to bitcoin versus gold.

By the way, sure it could take 100 to 200 years before gold/bitcoin find their appropriate prices relative to one another - but still in the short term which one do you consider to be easier to "verify"

Which one do you consider to be easier to transport?

Which one do you consider to be easier to divide?

which one do you consider to be easier to self-store and transact with and not necessarily to involve any third parties?

You can fuck around with gold all you like, if you think that it's going to be helpful to you in the next 4-10 years or more or whatever might be your investment time horizon.. yet part of the reason that we do not have much if any discussions in this thread regarding gold versus bitcoin since 2014 to 2019-ish, is because a large number of folks have already gotten the memo.. ... oh yeah, I forgot that there was a wee bit of a spell between about March and July-ish 2020 that the gold-tards were getting excited about their shiny metal relative to bitcoin.. but you should be able to look at the charts to see how that actually played out.. good luck with your shiny rock collection.. its all nice and everything, but relative to my lil precious (aka dee cornz) give me a break.  

Not a big gold fan as I prefer silver, but my largest personal hold of any investment is wait for it:

BTC


oh 19 posts for me buddy is at 20 so it is close again.

edit

it is 20 to 20  I corrected a miscount

[ChartBuddy]

Explanation

[philipma1957]

Buddy last 96 posts are as flat as I have ever seen them.

Since march 2nd every post has been 22.1k to 22.6k

Explanation

Really flat run for 96 buddy posts

Explanation

I am wondering if I need to quit racing him as it seems to have caused a very very very flat number on his part.


Less then 1% up or down for 4 days in a row for each hour.


also I trail 20 to 21

 edit it is a tie 21 to 21


I wonder if I lose today if his flat streak ends. and if that is true will we drop or rise.

[xhomerx10]

 You're definitely wearing ChartBuddy down.  He can't keep bitcoin flat much longer.... 2 weeks tops.

[philipma1957]

and I take the lead 22 to 21. so buddy is tied into flatnesss one more time.



thanks to jjg and me buy some dca now!

[Volgastallion]

But others times we agree to disagree.

Hahaha man, when i read your phrase i remember this one from Men in Black 3 when Boris say in the launch rocket scene to Will Smith. I hope some of you had see the movie.

[vapourminer]

thanks to jjg and me buy some dca now!

extra dca time? done, almost forgot