Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13065. (Read 26718547 times)

It's time to fasten your seatbelts 

Bitmain just announced that it has finally developed a better ASIC chip. It will be 42J/TH. Bitfury also announce that they have a new ASIC chip which gets 55mW/GH. https://www.coindesk.com/bitmain-ceo-announces-new-7nm-bitcoin-mining-chip. I put in some figures, and it appears at the current difficulty and 5 cents/kwH price in China, that brings the electricity cost down to less than $1,500 USD to produce 1 BTC. If the difficulty doubles, it will still be less then $3000 USD to produce a BTC. And I suspect some of the larger mining farms in China are getting a better deal than 5 cents/kwH. Therefore, the break-even floor is going to be lowered.
However, I really don't think BTC is going to go much below 5000 USD. After all, Bitcoin core just patched up a major bug that was present for almost 2 years, and the market responded like it was just noise.  

That's similar to how it was for me too, when BTC was like $300.. I always explained it to friends but never tried hard to get them to buy, told them that they could make money or lose it all, nobody bought any..

Now the price is $6.5k or whatever and they are all should'a could'a would'a "I wish I had bought when you told me about it" etc..
Especially when it was climbing from like $3k and up...

I have no IRL crypto friends either..  The third option is just wait and in the future when the price is 10X-20X or whatever from here, you shall be vindicated..




Beautiful. Good job!



All this excitement about a couple hundred $ movement in BTC.. It still hasn't broken out of its gently tapering in channel yet.. It's staying tight right in there, but can't forever..

lol

Nothing extraordinary about this claim.

You're looking foolish, BTW.

-5 merit

Your daily reminder that the bear market is DEAD, and the next few weeks will be the best $BTC buying opportunity you'll see for years.





https://twitter.com/BeastlyBTC/status/1043609044512980992

Well, manipulators on Bitfinex really know how to clear out longs for sure.  Look at that drop and pop back up. LOL  I"m thinking they want to move price on up so needed to clear out some longs.

With this difficulty there's close to 0% chance for ever getting back to $3000. Yes, electricity prices * difficulty are not directly correlated to BTC price, obviously, but no miner can afford to subsidize electricity costs to BTC network. You can not operate with a long terms loss, they will simply:
a) turn off the machines, or
b) stop dumping immediately what has being mined, making permanent bottom on break-even price level.

Guess which one is more likely to happen.

^^^
The bear trolls are getting nervous. Their dream of getting cheaper coins is fading away like a morning mist. Soon the good news for BTC will shine like the sun in a warm summer day.  
First, the news of CFTC approval of bakkt (backed up by ICE, Microsoft and Starbucks) will send the prices above 10K. With such big exchange like ICE actually buying and keeping BTC's in custody, the future of BTC will be bright for many many years to come. Unlike shitcoins that appear and dissapear randomly, BTC will be an eshablished product on the world exchanges like ICE and NYSE. For many investors this means they can save their BTC's or ETF's longterm for their retirement plans. I will definitely keep at least 1/3 of my current BTC's for 20 years until I retire. By then the price will be astronimical. I intend to buy a nice vila at the beach, but instead of selling my BTC's, I prefer to buy partly with a loan, so I keep more (like 2/3 of my BTC stash). Of course, if we are lucky, BTC may reach new ATH's this year, especially if CBOE ETF is approved. The chances are not 0% as some people think. The fact that SEC changes the tone from the FUD that the market is manipulated to statements like: "let the comments say if this is so, we can't decide", means that we are close to such approval. We'll see about that later this year, of course.

whatever man.......

LMAO thanks you made my day  3K coins muahahahaha

6920 then 5200 then 6500 then capitulation around 3K in january 2019

I just meant capitulate on the poll. Or are you saying that hodlers don't even do that? If so than I guess I'm not part of the hodlgang any more

 Greed

 edit: damn!  Why can't I  learn to read ahead before replying?


 That deserves merit... IOU one merit.

edit: debt paid

 You tricked us! 
I had such a bad experience with gin one time, I can barely say Tom Collins, pass by a Juniper tree or watch old James Bond movies without vomiting some 30ish years later.

Candle, Dildo and Vomit Comet

https://alternative.me/crypto/fear-and-greed-index/

^
what are the names of the greener zones ?