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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371287 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
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October 17, 2023, 10:01:16 PM


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October 17, 2023, 10:05:47 PM

If you are planning in running a LN Node to make a profit or close to break even, then you are going to need more than 10BTC. You will need to be one of the top tier LN nodes (200+ BTC)


But muh decentralization. FFS, Blockstream.
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October 17, 2023, 10:10:09 PM

https://youtu.be/F_-ZuVy76yg


The future's in the air, I can feel it everywhere
I'm blowing with the wind of change


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October 17, 2023, 10:32:55 PM

Holy shit, Hamza2424.
You know that a cycle is ONLY 4 years long?
Nooo.. But approximately that can be a dominant figure, it may vary according to the market developments. The figures may deviate from the last patterns, But to keep in short most people try to understand the concept of the Bitcoin market cycle from halving to halving but it's really challenging to predict the exact timeline as many factors may influence it.
And, sure maybe "we" could give you a wee bit of a benefit of a doubt and to suggest that you really meant two cycles.. this cycle and the next one, but that still ONLY gets you 8 years under the most generous of interpretations of your own words.
Ahh.. Well, thank you for the benefit of the doubt,. What I mean is at the end of the coming cycle maybe around 2028 to 2029. I cant be sure about the figures..

Ok.  I will bite.

That looks like 1.5 cycles.. but still your numbers going from where ever we might be to 30%.. .. and yeah if you really think that we are currently at 10% to 12% then your numbers might seem more reasonable.  I am probbly not going to go there.. and by the way, if you think about what 10% to 12% means, then the world population has recently crossed over 8 billion, so you are suggesting that 800 million to 960 million are already directly/indirectly exposure to bitcoin .. .. seems a bit much... like 10x more than my estimates.. but hey maybe direct/indirect exposure depends on quantity of BTC measures.

Maybe in the last almost 15 years we have gone from zero to 1%.. and gosh are we being generous with even thinking that 1% of the world's population somehow has some exposure to bitcoin that would mean that bitcoin is a priority for them?..

I have my doubts, but it is not easy to measure bitcoin adoption.. but we could say that 1% of the worlds population is right around 80 million people... so in the next 4-8 years you are suggesting that bitcoin adoption is going to be 20x to 30x that number.. which, with the same quantity of world's population would be 1.6 billion to 2.4 billion.
You've said it on your own that it's really hard to figure out the efficient measures but I doubt that in your calculation the 1% is inadequate, as per the developments and the recognition level we can easily say around 10% to 12% of the population has exposure of the Bitcoin directly or indirectly and around 1/2 of this figure will have direct relations with Bitcoin.

I would think that at least a certain quantity of BTC holdings would be necessary.. more than $10 worth?.. $10.. would be right around 0.003 BTC at today's prices, and maybe by 2028/2029  $10 worth of bitcoin might be anywhere between 0.0001 to 0.00001.. .that is $100k to $1million.

Yes.. indirect versus direct.. I don't really have a BIG problem with that, except maybe some of the doubt counting that could exist.. but I suppose if someone is supposedly holding BTC through a 3rd party, then that would be indirect exposure, versus holding their own keys.

For making future predictions, I'm basing my analysis on crisis levels. It appears that the magnitude of a crisis correlates with higher adoption rates. In recent times, the COVID-19 pandemic significantly accelerated market growth, leading to a substantial upswing in both recognition and adoption rates.

Ok... sure there could be some events that end up happening that spark recognition (aka awareness) and adoption of bitcoin... I still have trouble seeing how you get to 20% to 30%, but you did suggest that you are wanting another half of a cycle.. so you are requesting 1.5 cycles.. if starting from now.. rather than one cycle, .. and you don't necessarily need two cycles.. even though what you said was ambiguous enough to be able to potentially carry for two cycles... I am glad that you are not trying to get too greedy in your framing.

I think that you are referring to psychology, right?
Yeah.. A typo error, Most of the time I really take care of it, but sometimes especially when typing on a smartphone it's hard to deal with.

so you are admitting that your fingers are fat?


Explanation
Chartbuddy thanks talkimg.com
A picture is worth 1000 words. Look at those shifting walls.

A large ask wall to keep the price down, shifting to a big bid wall to keep it from falling too low.

Manipulation at its finest.

I am glad that one of "us" can understand those gobble-dee-gook lines.

These spikes are just noise/outliers... They need to be both long and wide to count.

$40k+ dominating a 5-min chart, then we're talking pump.

Okay, maybe even $35k+...
Maybe they aren’t going to send us to $100K yet, but these are some fairly large pumps that show somebody is buying bigtime right now and with a lot of funds. It isn’t easy to send the market into massive spikes like that and whoever is doing it likely believes the price will be headed much higher so they’re indiscriminately buying all they can.
But this is a positive step when bitcoin starts moving so indirectly this could be a good opening and start to prepare for the halving.
Once again it looks like October is a positive month for bitcoin following some history from October year after year.


We are still ONLY a bit more than half way through.

Funny how peeps want to speculate that king daddy gives any shits about calendar months.

then in the beginning of the month..

"I told you so"

and then a few days ago

"look October is not positive as "they" said"

and then now


"look October is positive, as expected."


blah blah blahtm -  Greta Thunberg
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October 17, 2023, 11:01:16 PM


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Chartbuddy thanks talkimg.com
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October 17, 2023, 11:18:58 PM

It's not yet time to go above $30,000, a suitable time to have coffee first on Wednesday morning, yesterday's news made enthusiasts including my friend to sell altcoins and buy bitcoins. the panorama has not been visited by rain yet it's time to penetrate the mountain to the bikini bottom.november rain to hight btc, right?
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October 17, 2023, 11:37:13 PM

well buddy popping 28.5 is better than buddy popping 26.5.

today has been a fun day. I picked up.

1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19.      96th
1s19.       96th.

total hash is 559th. mine moves to 4.2ph along with L7 and some gpus

burning about 210kwatts. very near max capacity.

but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.

If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.

Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.

Fire them up and let them run! Clear this dam mempool!
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October 17, 2023, 11:55:23 PM

It's not yet time to go above $30,000, a suitable time to have coffee first on Wednesday morning, yesterday's news made enthusiasts including my friend to sell altcoins and buy bitcoins. the panorama has not been visited by rain yet it's time to penetrate the mountain to the bikini bottom.november rain to hight btc, right?

People just got hype when they hear ETF approval happen but then their expectation has been shutdown when they found out that this is just only rumor. That's why after that we see price fall, but we don't need to worry about that situation since it still manageable and maybe in November we can see that speculated target at $30k will be reached.
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October 18, 2023, 12:01:18 AM


Explanation
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October 18, 2023, 01:04:49 AM


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October 18, 2023, 02:04:49 AM


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October 18, 2023, 02:39:44 AM
Merited by El duderino_ (7)

Seeing the market jump straight to $30K like that makes me wonder how long it is going to stay below $30K. Typically once all the sell order have been taken out you see the price drift back to the top once the sellers have their chance to strike back. I’m assuming we’ll be above $30K by the end of the month and still wouldn’t bet against my thoughts we’ll end the year at $40K.
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October 18, 2023, 02:56:03 AM

well buddy popping 28.5 is better than buddy popping 26.5.

today has been a fun day. I picked up.

1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19.      96th
1s19.       96th.

total hash is 559th. mine moves to 4.2ph along with L7 and some gpus

burning about 210kwatts. very near max capacity.

but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.

If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.

Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.

Fire them up and let them run! Clear this dam mempool!

Fired up the 2 s19xp's will test with stock firmware then use a special motherboard in them.


"Gain full ownership of your Bitcoin miners!

New control board and firmware to free your mining rigs and unleash their full potential. Comprehensive dashboard with perpetual tuning to maximize your ROI. Rich ePIC API to customize your mining operations according to your requirements.

UNIVERSAL – One firmware and control board rules them all. Tested & compatible with S19j, S19j Pro, S19j Pro+, S19k Pro and S19 XP families

HASHRATE OPTIMIZATION – Overclocking to increase hashrate, underclocking/undervolting to reduce power consumption & maximize efficiency

CUSTOMIZATION – Firmware customization based on fleet-specific considerations, Rich API to enable customer-specific features

PROFIT MAXIMIZATION – No Developer fees & Perpetual tuning to adjust for optimal profit

FLEET MANAGEMENT – Dashboard to manage individual miners and the entire fleet with regular updates

Note: ePIC UMC is currently only compatible with S19j, S19j Pro, S19j Pro+, S19k Pro & S19 XP miners. Support for other S19 variants is coming soon.

UMC Installation Instructions
Control board replacement guide
https://altairtech.io/product/epic-umc/"


Our plan is to use these exclusively for all our s19 xps I will swap them in on weds to see how they work.
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October 18, 2023, 03:01:18 AM


Explanation
Chartbuddy thanks talkimg.com
Biodom
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October 18, 2023, 03:04:25 AM

well buddy popping 28.5 is better than buddy popping 26.5.

today has been a fun day. I picked up.

1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19.      96th
1s19.       96th.

total hash is 559th. mine moves to 4.2ph along with L7 and some gpus

burning about 210kwatts. very near max capacity.

but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.

If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.

Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.

Fire them up and let them run! Clear this dam mempool!

Fired up the 2 s19xp's will test with stock firmware then use a special motherboard in them.


"Gain full ownership of your Bitcoin miners!

New control board and firmware to free your mining rigs and unleash their full potential. Comprehensive dashboard with perpetual tuning to maximize your ROI. Rich ePIC API to customize your mining operations according to your requirements.

UNIVERSAL – One firmware and control board rules them all. Tested & compatible with S19j, S19j Pro, S19j Pro+, S19k Pro and S19 XP families

HASHRATE OPTIMIZATION – Overclocking to increase hashrate, underclocking/undervolting to reduce power consumption & maximize efficiency

CUSTOMIZATION – Firmware customization based on fleet-specific considerations, Rich API to enable customer-specific features

PROFIT MAXIMIZATION – No Developer fees & Perpetual tuning to adjust for optimal profit

FLEET MANAGEMENT – Dashboard to manage individual miners and the entire fleet with regular updates

Note: ePIC UMC is currently only compatible with S19j, S19j Pro, S19j Pro+, S19k Pro & S19 XP miners. Support for other S19 variants is coming soon.

UMC Installation Instructions
Control board replacement guide
https://altairtech.io/product/epic-umc/"


Our plan is to use these exclusively for all our s19 xps I will swap them in on weds to see how they work.

If this is a rather expensive software, maybe, but if not, where is the "gotcha"?
That said, if many people already using it and swear by it, then, why not?
Overclocking can "kill" the miner prematurely.
Underclocking is safer, of course, but typically comes to play at the tail end of each miner's run.
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October 18, 2023, 04:03:23 AM


Explanation
Chartbuddy thanks talkimg.com
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October 18, 2023, 04:34:26 AM

Bitcoin is NOT going up.

Everything else is going down.

Few.

https://x.com/luke_broyles/status/1714338611351429498

Bitcoin is currently bouncing off a key support level.  Maintaining this own support line is crucial for the price of Bitcoin.
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October 18, 2023, 04:41:22 AM

she is cute how could that banana miss her mouth?
If this banana had been peeled,
it would have looked more beautiful
We strictly avoid nudity here.

You forgot to put your "we" in quotes.. .or somehow show us that you are talking about the "royal we.".

[edited out]
to call it hodling is wrong

to call it staking is wrong

StaHodLning it is

staking+hodling+LNing or Sta-Hod-Ln-ing

new coined right here.

hisslyness is a StaHodLning man 👨 named be me for you

Your joke is kind of not the greatest in the world.. but you gotta get a wee bit of credit for thinking out of the box while seeming to try to be simultaneously in and out of the dead/live cat burger box.
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October 18, 2023, 04:56:12 AM
Merited by JimboToronto (3)


Explanation
Chartbuddy thanks talkimg.com


A picture is worth 1000 words. Look at those shifting walls.

A large ask wall to keep the price down, shifting to a big bid wall to keep it from falling too low.

Manipulation at its finest.

I sometimes wonder if I should modify ChartBuddy to focus more on the small V in the middle but that picture shows I probably shouldn't, I think.
ChartBuddy
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October 18, 2023, 05:03:24 AM


Explanation
Chartbuddy thanks talkimg.com
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