Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2586. (Read 26712310 times)

Explanation

Explanation

Yeah normally that is correct.  But when china cut hash by 50% the day after I guaranteed 70k in May the market tanked from high 60's to 29k-30k.  We had the rare price drop filling diff drop.

we double topped back to high 60's in Nov 2021.  So When I see a 22% fall for the last 2 days I see the rare price follows difficulty possibility coming from now to Jan 17. Be ready for it. I am.

Now the caveat is we need to do the 22-30% diff drop.  we are only at -22% for 2-3 days.  Needs to follow until Jan and be -20%

Explanation

Explanation

Explanation

https://www.youtube.com/watch?v=vOXZkm9p_zY

your GF? Nice...
Merry Christmas!

you get it exactly backwards, imho.

difficulty drop does not affect the price, it's the other way around.
why your thesis is incorrect: if difficulty drops cause price to decrease, then difficulty rise would have to cause price to increase, but we have almost 3X difficulty in comparison with Nov 2021 when bitcoin was at about 70K (more than 4X higher).

Once the price is "too low" the dificulty temporarily drops because marginal/unprofitable miners disconnect.
Once thing is right, though...typically two periods (or more) of significant difficulty drops indicate a price bottom (going forward).

‘Hey LFC_Bitcoin, tell us again about that time you went all in on BTC when everyone else laughed & called it a ponzi.

I love that story, you absolute fucking Chad, especially at Christmas after a few wines’

🎄🎅🧡

Same place, Same memory with gap of 58 years.

Image from: Facebook

Explanation

And God said nice titties!

Something is up:

https://www.bitrawr.com/difficulty-estimator


Latest Block:   768892  (13 minutes ago)

Current Pace:   89.5644%  (797 / 889.86 expected, 92.86 behind)

Previous Difficulty:   34244331613176.18                            
Current Difficulty:   35364065900457.12                            
Next Difficulty:   between 31694164642176 and 32944125841500
Next Difficulty Change:   between -10.3775% and -6.8429%
Previous Retarget:   last Monday at 10:12 AM  (+3.2698%)
Next Retarget (earliest):   January 3, 2023 at 11:02 AM  (in 8d 20h 31m 30s)
Next Retarget (latest):   January 4, 2023 at 1:21 AM  (in 9d 10h 50m 18s)
Projected Epoch Length:   between 15d 0h 50m 7s and 15d 15h 8m 56s
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92.86 blocks off pace

and a few hours ago

Latest Block:   768879  (32 minutes ago)

Current Pace:   90.0211%  (784 / 870.91 expected, 86.91 behind)

Previous Difficulty:   34244331613176.18                            
Current Difficulty:   35364065900457.12                            
Next Difficulty:   between 31856206087395 and 33081691380605
Next Difficulty Change:   between -9.9193% and -6.4539%
Previous Retarget:   last Monday at 10:12 AM  (+3.2698%)
Next Retarget (earliest):   January 3, 2023 at 9:32 AM  (in 8d 22h 11m 5s)
Next Retarget (latest):   January 3, 2023 at 11:26 PM  (in 9d 12h 5m 41s)
Projected Epoch Length:   between 14d 23h 20m 10s and 15d 13h 14m 45s
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...


86.91 blocks off pace

a few days ago

Quote
Latest Block:   768665  (a few seconds ago)

Current Pace:   95.2601%  (570 / 598.36 expected, 28.36 behind)

Next Difficulty Change:   between -4.6480% and -2.3121%

please note all diff numbers are from here

https://www.bitrawr.com/difficulty-estimator


and my diff thread here

https://bitcointalksearch.org/topic/2022-diff-thread-5378628


28.36 off pace

to go from 28.36 behind to 86.91 behind is over 20% drop

and we now dropped more.

So this really looks like a major mining capitulation.

Of course it is Christmas and a lot of people are off work but this is a big diff shift.

Very often large difficulty drops if sustained push the price down.

Be ready to a price drop into the 15k range. maybe the elusive 13/14k is in sight.

Merry Christmas, WO!

Stuff and bake the bird.
Stuff and bake myself as well.
I regret nothing.

HODL’ers cheat sheet. #Bitcoin

One year passed like it was yesterday.... Time to update the graph..

This time it's with much more information thanks to TheRationalRoot.

See the three big Circles? Halving followed by Peaks and then Bottoms but forth part is no labeled? May be that's for us to interpreted. If you look closely, to me it's almost gradually spreading lines except for the first halving cycle of course that was the maturing stage. But after two halves somehow it's clear this line will be almost straight with a peak or two that might be touching $100k circle.

Although the current line is closer to $10k but look closely, see image 2 that small bulge can easily push BTC to the outer line of $100k. Again this graph is not for the price prediction in the near future, so don't take it literally.

More I'm loving the pie names just look at it in a sequence Hope, Calm, Optimism, Belief, Intermission, Trill, Euphoria, Complacency, Denial, Panic, Capitulation,  Depression, Enduring, Stagnation, Disbelief, Doubt.

In the meantime we have passed Panic and Capitulation and now we are entering the Depression and Enduring stage and I can feel the end of Depression is going to Enduring.

"A picture is worth a thousand words" so it's open for you to interpret.

Last but not the least... Bull market 2024 is confirmed.

Let's march to Q1'23!"


This has to be in Fullscreen view.

Image 2


https://twitter.com/therationalroot/status/1606702975422021632

Explanation

Merry Christmas nutters

Already there is a video posted by AlcoHoDL in which Michael Saylor very well explained how SBF played with FTX investors funds.


I do agree that we need to focus on ourselves that what we as individual can do in this matter. SBF is released on 250 million USD bail and we will see such events in future too. What's important for us is that such events are an eye openers, as they confirm the fact that Centralised exchanges are just another name of Banks or worse then that.
There is very little that affected people will get there money back but in future while we put our money in such exchanges, we need to be well aware of consequences.


It looks very much like some Hollywood movie, where arresting a criminal is just a formality as pre bargaining has already been done.