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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26485212 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.)
Wrathofcoins
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January 23, 2024, 11:47:48 PM
Merited by JayJuanGee (1)

For me its quite simple to understand what is happening, its not "free" to become part of the traditional market, and when you become part youa re gonna start experiencing the bad things about him, for example market manipulation or forcing positions because they have more quantity/force to move in one direction or another.

And that is what they are doing right now, they are selling some and waiting to the price drop a little and rebuy again below the start price. That mixed with miners taking profit, rumours of some BTC coming from MTgox made this pressure in the sell book.

But nothing dificult to overcome, we have time and true in our side, just HODL.
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January 24, 2024, 12:01:20 AM


Explanation
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ChartBuddy
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January 24, 2024, 01:01:15 AM


Explanation
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boumalo
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January 24, 2024, 01:29:53 AM

Short squeeze in the making or the beginning of hugely depressing spring/summer?

(wondering for a friend ofc)

Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.

Looking forward to next six-nine weeks.

Hoping to get at least 0.5 btc via buys all under 39k.

soma - you only have about half an hour, maybe down to $38,500 then it shoots back up to $40k.  Smiley




Or it tests 30K$
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January 24, 2024, 02:03:24 AM


Explanation
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Ambatman
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January 24, 2024, 02:18:29 AM

This to and fro movement the market is experiencing is annoying
Just fall if you want to or rise if you want to.
Let's skip all this drama.
philipma1957
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January 24, 2024, 02:20:08 AM

Phil can provide the current numbers: is it even possible to turn mining profit with, say, 4c electricity after halving with btc at 39K?
My guess is that it is not, but let's see what Phil says.

Here is a topic that is of some concern:

https://studyfinds.org/no-cash-accepted-signs-bad-news/

Imho, it should be illegal NOT to allow to pay for anything with cash.
Hopefully, Congress would pass such a bill sooner than later.


 At the current price and difficulty, an AntMiner S21 (air cooled) 200Th/s @ 3500W would still yield US$3.63 day after electricity at 4¢/kWh when block reward is 3.125BTC

 Of course, Bitmain wants US$3900 for one of those babies so you need to mine for 1000 + the difficulty increase added days just to break even.

that unit much more likely uses 3.9 kwatts. and you need to add cooling to the room if you are large scale

so 96-100 kwatts at 5 cents is 5 bucks




or 4 bucks at 4 cent power.


we are at 0.0776 usd a th or  15.52 - 5 bucks = 10.52 very good but soon to be

7.76- 5 bucks = 2.76 not so good.

and at 6 six cents

7.76-6.00 = $1.76 for the best of the best gear.

we almost never have a negative number for 6 cent power all in.
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January 24, 2024, 02:39:29 AM

Swift kick to the nuts
Thats what Buddy needs to help
Motivate him good.


I would let her slide
Till she meets a soft, firm ledge
Down in the thirties



#haiku
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January 24, 2024, 03:01:20 AM


Explanation
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philipma1957
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January 24, 2024, 03:56:06 AM

buddy is a wishy washy mother fucker.  Simply does not have to balls to drop to 33k level.

We will likely dance around 40k for 2-3 weeks minimum.

the reality buddy is afraid of JJG and does not want to awaken him.  Wink
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January 24, 2024, 04:01:15 AM


Explanation
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JayJuanGee
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January 24, 2024, 04:51:49 AM

Looking for some more cheap corn 🌽.

Maybe we can wake JJG up.

I hope not.

It is not becoming of a gentlemen to be cheering for down.

Short squeeze in the making or the beginning of hugely depressing spring/summer?

(wondering for a friend ofc)

Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.

The needing to sell a bit for some "extra" expenses seems like it should have been in the upper $40s, not in the upper $30s..

#justsaying

Short squeeze in the making or the beginning of hugely depressing spring/summer?
(wondering for a friend ofc)
Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.
Looking forward to next six-nine weeks.

Hoping to get at least 0.5 btc via buys all under 39k.

Ooooh upping your BTC accumulation game?  perhaps?  Perhaps?

Your buys in the upper $30ks don't make up for the 2.5 BTC that you sold around $20k and failed to get back (just throwing out some off-the-cuff estimates)... and yeah, I know some of the modern theories regards selling low and buying high.. so I suppose, whatever floats your boat.

[edited out]
soma - you only have about half an hour, maybe down to $38,500 then it shoots back up to $40k.  Smiley
well nice thing with a setup of basement steps down to 33k I don’t have to pay attention.

While it is okay for me to have them drop to the basement level of 33k.
[/quote]

Oh?  Now I see what you are doing.  You are counting your chickens before they hatch, which seems to be a similar thing that you did when you sold your 2.5 BTC at around $20k and hopeing to buy them back in the $12k-ish arena. .that did not end up playing out, but you were willing to wait it out and you end up buying Ibonds and some other dumb shit that included your pumping that non-sense so that you could influence other retards to do the same thing in order to lock in their yield.. and that trade has not gone too well, even though nominally it seems to be a competitive rate that desperate uncle sam was offering and gullible dumbfucks not only bought it but were pumping the nonsense when they should have been at least quiet about it and pumping BTC instead..

It also works if it goes upwards and I have a sell stairway to heaven setup.

Ladders might work in both directions, but they do not work that great if all you are doing is skimming off dollars.

The real power of the ladders is the underlying BTC.. so for example, if you have a ladder in which you are buying on the way down 1-2 BTC for a 20% to 40% price move and maybe selling 1-2 BTC with a 40% to 80% rise in BTC prices, then a lot of the secret would be the underlying BTC that might constitute around 100 BTC in order to justify playing around with that much BTC.. so it may not really matter that much if you are buying and selling 1-2BTC to offset some of the volatility as long as you are keeping your eye on the main prize of the 100 BTC or whatever it is that might have gone down from $50k ($5 million to $3 million) but then they end up correcting again. and probably getting up; to $5million and beyond, and the 1-2 BTC that might have been traded along the way, and maybe getting 0.2 BTC in profits is largely a sideshow rather than the main event.. which is the underlying 100BTC that already had largely been accumulated over the years. 

I know it can be hard to sink in when you have a lifetime of bad habits praying and worshiping Uncle Sam.

What I don’t see is sideways between 38k to 48k.

That largely seems like a sub category, even though it does currently exist.. and by the way, we did get up to $49,048 on January 11.. if I can see dee charts correctly.

but wait I am mining at a profit if we stay in the 38-48k slot.

So for me it is basically do nothing.

Profits in what?  Short term profits?  Are you stacking sats with that?  No I didn't think so.. you might be allergic to stacking sats because you are so distracted by stacking dollars.  Hopefully not too many of your bad habits rub off  on others, even though you do have some of the basic principles correct, except you have troubles achieving compounding values because you are too busy getting in and out of your ladders. which is profitable, but not in a compounding sense because you are stacking dollars rather than stacking my lil precious.

 Cry Cry Cry Cry Cry
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January 24, 2024, 05:03:22 AM


Explanation
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JayJuanGee
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January 24, 2024, 05:10:42 AM

This to and fro movement the market is experiencing is annoying
Just fall if you want to or rise if you want to.
Let's skip all this drama.

You must be new here.

Dee cornz is all about drama.

Don't uie noie nuttin?

Swift kick to the nuts
Thats what Buddy needs to help
Motivate him good.
I would let her slide
Till she meets a soft, firm ledge
Down in the thirties
#haiku

My first thought is:

"Been there.

Done that."

My second thought is that perhaps a further slide could be in the cards, depending upon what might be considered to be a "soft, firm ledge."
Negotiation
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January 24, 2024, 05:18:09 AM


Source.
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January 24, 2024, 05:42:41 AM
Merited by JayJuanGee (1)

Short squeeze in the making or the beginning of hugely depressing spring/summer?

(wondering for a friend ofc)

Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.

The needing to sell a bit for some "extra" expenses seems like it should have been in the upper $40s, not in the upper $30s..

#justsaying


Thanks for pointing that out, it already began to dawn upon me but now I know for sure..
Then again, when the invoices start to change colors so to speak you can't wait any longer for the squiggly lines to please ones desires and wishes.

Though seriously, in the past it worked more often than not to wait as long as possible to sell for basic needs (a mandatory insurance is not exactly an "extra" expense in my book).
And I'd like to quote Jimbo here in my defense  (IIRC, apologies if I'm attributing this wrongly to him) : "Buy if you can and sell if you have to" and it was clearly a "have to" moment.

Remembering for what I buyed the sats I sold yesterday I'd like to quote the lil doggie too: "This is fine".
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January 24, 2024, 05:49:16 AM

This to and fro movement the market is experiencing is annoying
Just fall if you want to or rise if you want to.
Let's skip all this drama.

You must be new here.

Dee cornz is all about drama.

Don't uie noie nuttin?

Lol Yeis ie  doie.
Well I'm aware of the drama
But sometimes a man gonna crave comedy.
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January 24, 2024, 06:01:18 AM


Explanation
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January 24, 2024, 06:13:00 AM

Grayscale deposited 15,222 $BTC($588.5M) to #CoinbasePrime again 10 mins ago. #Grayscale has deposited 79,213 $BTC($3.27B) to #CoinbasePrime since the #ETF was passed. According to Arkham, #Grayscale currently holds 535,755 $BTC ($20.68B).
https://twitter.com/lookonchain/status/1749801176621846958
https://platform.arkhamintelligence.com/explorer/entity/grayscale

Yep seeing -15.986BTC from Friday to Monday, totally wasn't expecting GBTC outflow to increase, but bring it, dump it all you GBTC fools
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January 24, 2024, 06:55:05 AM


I edited on the image.


I don't like late January, I hope to filled the middle of March.
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