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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

I seem to remember you saying you were going to get one of those 50k Mac Pro's.

I can't justify the price of a Mac Pro now that I'm retired. Still have the 2019 Intel Mac Pro that is still beefy enough for my use today.

TBH, the M-Series Macbook Pro's are so performant nowadays, I can't see the need for getting a Mac Pro any more. For my purposes anyway. Not sure I can even justify a Mac Studio (beefier Mac Mini...)

I don't do much audio work any more, really. Coming out of retirement to work on a game with a friend in Sweden towards the end of the year, tho.

[xhomerx10]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

[Hueristic]

I seem to remember you saying you were going to get one of those 50k Mac Pro's.

I can't justify the price of a Mac Pro now that I'm retired. Still have the 2019 Intel Mac Pro that is still beefy enough for my use today.

TBH, the M-Series Macbook Pro's are so performant nowadays, I can't see the need for getting a Mac Pro any more. For my purposes anyway. Not sure I can even justify a Mac Studio (beefier Mac Mini...)

I don't do much audio work any more, really. Coming out of retirement to work on a game with a friend in Sweden towards the end of the year, tho.

Yeah, I thought apple was really pushing it with that one!

[philipma1957]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

hey

I have a nice thread ripper rig  sitting in a box.
128gb ram
aorus nvme2 500gb ssd and 20 or 30 rtx 3090 gpus



it would crush your i7-5820

[xhomerx10]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

hey

I have a nice thread ripper rig  sitting in a box.
128gb ram
aorus nvme2 500gb ssd and 20 or 30 rtx 3090 gpus



it would crush your i7-5820

 You bastard! 

[danadc]

It is just that the Issue of how Buyers , whales , and Institutions can Influence Bitcoin is Something that interests me a lot I found this Article that talks about how they have left their long Positions , Which is not bad at All for it to be a Good time for the Price to rise to $73k again.

Institutional Investors Show Growing Interest in Market-Neutral Bitcoin Strategies

As reported, major Bitcoin investors have recently opened massive long positions on the flagship cryptocurrency via popular cryptocurrency exchanges Bybit and HTX at around $69,000.

That’s according to Ki Young Ju, CEO of cryptocurrency analytics firm CryptoQuant, who pointed out that these massive long positions are interesting in light of similar activity seen back in August 2023, when Bitcoin whales opened large long positions on BTC ahead of a parabolic price rise that saw the cryptocurrency move from around $25,000 to a new all-time high above $73,500.

Original Source: https://www.cryptoglobe.com/latest/2024/06/institutional-investors-show-growing-interest-in-market-neutral-bitcoin-strategies/

If they have these long Positions , it means that it is very likely to see a good Turnaround of high Prices Again.

[fillippone]

It is just that the Issue of how Buyers , whales , and Institutions can Influence Bitcoin is Something that interests me a lot I found this Article that talks about how they have left their long Positions , Which is not bad at All for it to be a Good time for the Price to rise to $73k again.

Institutional Investors Show Growing Interest in Market-Neutral Bitcoin Strategies

As reported, major Bitcoin investors have recently opened massive long positions on the flagship cryptocurrency via popular cryptocurrency exchanges Bybit and HTX at around $69,000.

That’s according to Ki Young Ju, CEO of cryptocurrency analytics firm CryptoQuant, who pointed out that these massive long positions are interesting in light of similar activity seen back in August 2023, when Bitcoin whales opened large long positions on BTC ahead of a parabolic price rise that saw the cryptocurrency move from around $25,000 to a new all-time high above $73,500.

Original Source: https://www.cryptoglobe.com/latest/2024/06/institutional-investors-show-growing-interest-in-market-neutral-bitcoin-strategies/

If they have these long Positions , it means that it is very likely to see a good Turnaround of high Prices Again.

This is just nonsense.
Market neutral positions are… neutral.
If someone is amassing long outright positions, this tells a little about coming prices.
You know, when there is pain in the market, some is going to make it happen.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

hey

I have a nice thread ripper rig  sitting in a box.
128gb ram
aorus nvme2 500gb ssd and 20 or 30 rtx 3090 gpus



it would crush your i7-5820

that's about 0.3 btc right there (after 10-12% ebay fee) 

[philipma1957]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

hey

I have a nice thread ripper rig  sitting in a box.
128gb ram
aorus nvme2 500gb ssd and 20 or 30 rtx 3090 gpus



it would crush your i7-5820

 You bastard! 

you did a lot giving hats out for us. pm me

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[aesma]

Hedge Fund Betting Big That Bitcoin Mining Won’t Exist In Five Years…

I don't get it. What if neither extreme outcome happens ? Mining gets less profitable than just owning BTC, but still profitable enough. Couldn't that continue forever ?

[philipma1957]

Hedge Fund Betting Big That Bitcoin Mining Won’t Exist In Five Years…

I don't get it. What if neither extreme outcome happens ? Mining gets less profitable than just owning BTC, but still profitable enough. Couldn't that continue forever ?

Yeah if it were LTC/Doge scrypt algo  that is designed to last for hunderds of years.

Strictly the mining part.

I theorize a lot of the attacks on btc via the mempool and high fees are deep pocket people betting that in terms of mining scrypt ends up the winner.

Maybe not five years but 2056 would be about right.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[sirazimuth]

….

Maybe not five years but 2056 would be about right.

Yeah in 2056 at age 98 I envision myself rambling on about mining shit… I mean Scrypt coins…
“Well now… years ago, back in the good ole days I seem to recall….. blah blah blah repeated story blah blah….”
Then the nurse at Sunny Acres that changes my diaper will be like
“Now Mr Siraz, you need to stop babbling about mining for doggies and bitcoin nonsense and take your Geritol.
Then we will be petting real doggies and kitty cats after lunch for relax therapy time.
Then it will be nap time. We are having fish fingers, tater tots and
creamed spinach for dinner so you’d best be on your very best behaviour or no strawberry jello dessert for you!”

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

After seeing all the super-computers in here, my i7-5820 isn't cutting it anymore.  I'm going to have to get more serious about my desktop upgrade.  I just bought my youngest a 16" Lenovo Slim 5 with a Ryzen 5-7530U so I could take back my little 13" Asus Zenbook (I love the all metal case) and it's much more powerful than my desktop.  Heck, the Zenbook isn't much slower than my desktop.  This will not stand, ya know, this aggression will not stand, man.

hey

I have a nice thread ripper rig  sitting in a box.
128gb ram
aorus nvme2 500gb ssd and 20 or 30 rtx 3090 gpus



it would crush your i7-5820

 You bastard! 

you did a lot giving hats out for us. pm me

 Awww thanks philipma1957, I appreciate the thought but my wife is poised, with checkbook in hand, to cut me a check for a new machine as soon as I make up my mind as to exactly what I want.   I'm still trying to digest all the advice and research material you guys gave me.

[JayJuanGee]

Those who started buying/mining before 2013 should have thousands if they held a majority of btc bought or mined.
2013-2016: 20-200 btc or thereabout.
After 2016- highly variable

I think that there is likely to be a lot of variance, depending both on how long someone might have been accumulating BTC and also how aggressive or whimpy such persons they might have had been in such BTC accumulation process... and maybe even accounting for some mistakes that were made along the way.

Maybe we could project something like a 4-year (1 cycle) accumulation of BTC, and then maybe another cycle of maintenance which might also include some relatively small levels of additional BTC accumulation.. but maybe also largely maintaining the original amount of BTC that was largely accumulated in the first whole cycle..

so maybe something like the below for the various 4-year accumulation phases... I am not sure if I should fill in the amount invested, since it may well continue to go up, so the earlier a person got in, the less that he would have had to have invested in terms of total dollar amounts.. .and so the later would have had been higher dollar amounts and getting way fewer coins, even with way more invested.

2012-2016 = 50-400 BTC

2013-2017= 35-280 BTC

2014-2017= 25-250 BTC

2015-2018= 18-180 BTC

2016-2019= 15-130 BTC

2017-2020= 12-100 BTC

2018-2021= 10-80 BTC

2019-2022= 7-60 BTC

2020-2023= 4-45 BTC

2021-2024= 1-28 BTC

2022-2025= .021-18 BTC

Need I continue?  We can see where this is going.  Way more capital accumulating way fewer bitcoin.

70's now gone?  

You'll never see sub $70K prices ever again.

That did not age well.

By the way, I saw where you later said that it was a joke, and recall that even though we went down to around $56,500 around April 30, we are still having trouble getting down to some of the lower levels that you had been considering to be so probable.. yet sure, at the same time, we have not yet gotten to $80k or supra $80k numbers either.. so surely interesting times to have had been consolidating mostly between $60k and $70k for around 3.5 months-ish.