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

[eXPHorizon]

lmfao first bljatcoin was transaction based, now its store of value based 🤣🤣🤣🤣🤣 but i will tell you the truth , it is Greater Fool Theory Based

[1714602779]

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[1714602779]

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[d_eddie]

SPOILER ALERT













Next post by ChartBuddy will be a nice sight ;-)

[WatChe]

In the face of inflation it's still hard to even think about selling corn.
My car is taking up servicing and repair costs as high a month as my DCA now.
Problem 1: I love the car.
Problem 2: Cars got so expensive, even used ones (no one wants to sell).

My wife asked me yesterday if i might stop investing into the old van and buy a new with the help of bitcoin.
I was explaining to her that we are on the low of cycle and it's time to buy corn, not cars 
She agreed, good girl.

OT: Mom's appointment at the rehab facility is in July, i was mislead to think it's this week (in June), so one more month to go 
She's way better after a few days of Benfothiamine, dementia about as gone. 

Inflation in my country is at its ATH and its difficult to meet monthly expenses with 38% inflation rate. From car fuel to kids pampers everything is going up at unstoppable rate. Unlike other countries, inflation in my country is mainly because of political instability and things are getting worse to worse. Many immigrated to other countries while people like me who have gone old are struck here.

Between it's good to hear that your mother is recovering. I suggest if you have time then take your mother for a walk and spend some time with her. She will feel more better. As we grow old, we need more people around us.

[LFC_Bitcoin]

@BitcoinNewsCom
JUST IN: BTC Dominance surges above 50% for the first time since May 2021 👀🙌

https://twitter.com/bitcoinnewscom/status/1670856885413576704

[Gachapin]

seems someone^tm doesn't want us to go up just yet


probably another dip to 25k by tomorrow just like after the fake-out on 13th June


need to shake out those hands... Blackrock wanna your coins

[Biodom]

@BitcoinNewsCom
JUST IN: BTC Dominance surges above 50% for the first time since May 2021 👀🙌

https://twitter.com/bitcoinnewscom/status/1670856885413576704

Hey, I wonder if this is w/o stables since CMC is showing 48.4%?
...probably is.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

It needs to be close to 53k or a shit ton of mines will fail.

Most mining gear is in large farms.
A 1 megawatt farm is not that large I am about 200kwatts of power I am a small commercial farm.
Plenty of farms are 5 megawatts and up.
So I see a strong move to near 50k or a disaster for large mines.

I estimate that a large farm now needs a 40k price for next fall to breakeven.

Fall of 2023, I assume.
The large difficulty move is perplexing, for sure, although price made a move similar to difficulty in % YTD (50-60%).
I saw the price of btc at about 35-40K at the halving, but now, with Blackrock submission, it could be higher as ETF, if approved by the EOY, would front run it.
Maybe 50K or even higher, however, if miners would also add into this, they would have troubles around actual halving because the 'flow' would be cut in half.
Is it possible that a newer silicon would be ready by then? S20 or something like this with 12-15 J/T.

Diff added 34 to 51.

in 6 months.

efficiency is reaching the bottom or the top


s1 2000 watts a th
s3 1000 watts a th
s5.  500 watts a th
s7.   250 watts a th
s9.      90 watts a th
s15      60 watts a th
s17.     33 watts a th
s19.      29 watts a th
s19 xp.   23 watts a th
s21.  may only do 17 watts

much like a gallon of gas there are limits to what it will do

ie no car burning gas get 1000 miles to the gallon

a 15 watt or 17 watt miner does not fix price when coins are 3.125 a block.

if you hodl fall of of 2024 next fall price will be over 50k or mines will fail bigly

this fall mines can survive at 25k.

[darkangel11]

You lost me with BR and BL.

When you use acronyms it is better to say what they mean so that we don't have to research whatever point that you are making.. .even if the research might be easy to accomplish.. or seemingly "obvious"..  I still don't know what those abbreviations mean.. so they must not be "obvious".. unless I am retarded, and I am not even going to make representations in that direction.  

Sorry about that, I usually have a beer or two while posting and it must've been more than 2 yesterday. Anyways, it was all supposed to be BR - blackrock. I don't know how I made it into L without noticing.
Judging by the merit shower most people understood it despite the fuckup, or wanted to make a mentally challenged boy feel better

In the face of inflation it's still hard to even think about selling corn.
My car is taking up servicing and repair costs as high a month as my DCA now.
Problem 1: I love the car.
Problem 2: Cars got so expensive, even used ones (no one wants to sell).

I have the same problem. The cost of a normal checkup, oil, filters, brakes, the usual stuff reaches is almost 1 full minimum wage.
The problem is I have 4x4 and was planning to change the diff+haldex clutch oil and flush the gearbox this year, but I guess it's going to wait till the next one... I feel pain every time I take it for a spin, like it's crying, choking on those old fluids. Girls won't understand.

[Biodom]

It needs to be close to 53k or a shit ton of mines will fail.

Most mining gear is in large farms.
A 1 megawatt farm is not that large I am about 200kwatts of power I am a small commercial farm.
Plenty of farms are 5 megawatts and up.
So I see a strong move to near 50k or a disaster for large mines.

I estimate that a large farm now needs a 40k price for next fall to breakeven.

Fall of 2023, I assume.
The large difficulty move is perplexing, for sure, although price made a move similar to difficulty in % YTD (50-60%).
I saw the price of btc at about 35-40K at the halving, but now, with Blackrock submission, it could be higher as ETF, if approved by the EOY, would front run it.
Maybe 50K or even higher, however, if miners would also add into this, they would have troubles around actual halving because the 'flow' would be cut in half.
Is it possible that a newer silicon would be ready by then? S20 or something like this with 12-15 J/T.

Diff added 34 to 51.

in 6 months.

efficiency is reaching the bottom or the top


s1 2000 watts a th
s3 1000 watts a th
s5.  500 watts a th
s7.   250 watts a th
s9.      90 watts a th
s15      60 watts a th
s17.     33 watts a th
s19.      29 watts a th
s19 xp.   23 watts a th
s21.  may only do 17 watts

much like a gallon of gas there are limits to what it will do

ie no car burning gas get 1000 miles to the gallon

a 15 watt or 17 watt miner does not fix price when coins are 3.125 a block.

if you hodl fall of of 2024 next fall price will be over 50k or mines will fail bigly

this fall mines can survive at 25k.

S15 to S17 move was sweet...mined a few..reliable hosts existed back then, but then all of them closed by the Spring of 2022..no mining for me since..and I calculated that buying since then would have been better in profitability (so far). I periodically look at the deals they send me and ask myself...do i know if they would be in business 2-3 years down the road and the answer is: I have no idea.. I was kicked out by no less than 3 hosts (one is a great guy, just stopped hosting for others or altogether, I dunno; another was less reliable, but sent me my miners with a 45-60 days delay; a third just decided to mine only for himself, apparently. I have to qualms, really, as hosting is a "bitch".

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

...Cars got so expensive, even used ones (no one wants to sell).

There's still a few for sale.

Nothing wrong with those set of wheels.  It looks very utilitarian.

We found only three bitcoin halvings in this bitcoin biography.

2012 Bitcoin Halving Price= $13

2016 Bitcoin Halving price= $680

2020 Bitcoin Halving price= $9146

But with this bitcoin halving in 2024 and how high the bitcoin market can go.

But now waiting 300 days for bitcoin halving...

2024 Bitcoin Halving price= ?

Nobody knows! I don't think too many peoples understood how halving works, or better to say, most generic bitcoin users didn't know there is something named halving. But things changed. More people use the internet, and they learn more about technology. I believe most real Bitcoiners know how halving pumped the bitcoin in the old days. Every other company and Bitcoiner waiting for the next halving. But, If everyone wait for it and then everyone try to take benefit of halving and start selling. We might have seen some roller coaster ride again. The possibility is unlimited. That's just assumption. Nobody knows what is going to happen.

You sound like a low coiner or a no coiner.

We might not know what is going to happen, but we have some pretty good ideas about bitcoin's likely direction.. even if we might not know details in terms of either price or time.. especially trying to pinpoint specifics -

Those who ongoingly continue to fail/refuse to prepare for UP.. are more likely going to end up having to come into bitcoin at higher prices (than today's price) rather than being able to get in at lower (or even the same) prices.

Good luck is you are either failing/refusing to stack sats in order to prepare for UP (just in case), rather than waiting for some kind of divine signal that is not likely to get any more clear than it already is.. for those who are ongoingly insisting that "nobody knows." .. .and nobody knew in 2011, 2014, 2017, 2019.. .but those who took actions to stack sats during those times (and who continued to stack sats and who have not gotten shaken out of the sats that they had stacked between then and now), are likely in pretty damned decent shape right now, whether we are referring to finances and/or psychology.

Better to have something than nothing. Future planning is always a good thing to get a better life. Life is meaningless without ambition. Enjoy life as much as you can and plan to support yourself in times of emergency to maintain it.
We still don't need to keep our eye on one basket, we still need to do other businesses to support Bitcoin efforts and trading.

Who is "we?"  Are you considering that everyone has similar circumstances?  or are you merely just suggesting that it is good for everyone to stack sats, no matter their individual circumstances?  If you are suggesting the latter, then you likely need a wee bit of a better justification than to merely say that "bitcoin is good for you.".. many of us already know that bitcoin is good for us, and good for almost anyone.. but that still does not mean that we have more than 1% of word adoption, yet... so how would you propose to get folks off of zero?  just let them sit there and watch the bitcoin price go up and then regret that they had not previously taken bitcoin sufficiently serious?

[Volgastallion]

lmfao first bljatcoin was transaction based, now its store of value based 🤣🤣🤣🤣🤣 but i will tell you the truth , it is Greater Fool Theory Based

I have to say one thing about you, you really put a big effort coming everyday to the forum and make your "hate" comment into BTC. You dont have anything more to do?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

IMF Initiates Development of a Global Digital Currency Platform

The International Monetary Fund (IMF) is developing a CBDC platform to simplify cross border transactions. IMF Managing Director Kristalina Georgieva emphasized the need for global interoperability and a unified regulatory framework for CBDC. She revealed that 114 central banks are reviewing CBDCs 10 of which are close to completion and emphasized the importance of asset backed CBDCs. The IMF efforts are aimed at preventing gaps that could be filled by cryptocurrencies.

What do you consider to be the importance of using the term cryptocurrencies?  Do you consider that the topic of cryptocurrencies might somehow relate to this thread?

I thought that we were talking about bitcoin, even though your post does not even mention bitcoin.  Are we suppose  to infer that you are somehow relating your topic to bitcoin?    Wouldn't it be better if you at least pointed out what connection you believe that your post has to the topic of bitcoin.  You did not provide any links to any outside materials, but maybe outside links would not help if you are not really explaining how any of what you are talking might relate to bitcoin, if at all.

You lost me with BR and BL.

When you use acronyms it is better to say what they mean so that we don't have to research whatever point that you are making.. .even if the research might be easy to accomplish.. or seemingly "obvious"..  I still don't know what those abbreviations mean.. so they must not be "obvious".. unless I am retarded, and I am not even going to make representations in that direction.  

Sorry about that, I usually have a beer or two while posting and it must've been more than 2 yesterday. Anyways, it was all supposed to be BR - blackrock. I don't know how I made it into L without noticing.
Judging by the merit shower most people understood it despite the fuckup, or wanted to make a mentally challenged boy feel better

You and me both.. .BR does seem to be pretty clearly black rock, but I guess I was just not making the connection at that moment.. Perhaps just caught me at a bad time.

[OutOfMemory]

---

I have to say one thing about you, you really put a big effort coming everyday to the forum and make your "hate" comment into BTC. You dont have anything more to do?

He also comes here to beg for troll-cookies, and you just threw one at him  

OT: PV installation is finished and no fucking electrician wants to approve it. "I've already seen too many awkward installations, i don't do this anymore".  
I did everything within specs and regulations, added additional security features as well.  

[eXPHorizon]

lmfao first bljatcoin was transaction based, now its store of value based 🤣🤣🤣🤣🤣 but i will tell you the truth , it is Greater Fool Theory Based

I have to say one thing about you, you really put a big effort coming everyday to the forum and make your "hate" comment into BTC. You dont have anything more to do?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HI-TEC99]

...

In the face of inflation it's still hard to even think about selling corn.
My car is taking up servicing and repair costs as high a month as my DCA now.
Problem 1: I love the car.
Problem 2: Cars got so expensive, even used ones (no one wants to sell).

I have the same problem. The cost of a normal checkup, oil, filters, brakes, the usual stuff reaches is almost 1 full minimum wage.
The problem is I have 4x4 and was planning to change the diff+haldex clutch oil and flush the gearbox this year, but I guess it's going to wait till the next one... I feel pain every time I take it for a spin, like it's crying, choking on those old fluids. Girls won't understand.

[sirazimuth]

Drunk geezer…wosh wrong wif me mo’a car then mate? (hic)
Mechanic…piston broke
Drunk geezer… (hic… burp) yeah, so am I…