Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4860. (Read 26608070 times)

Explanation

Very underrated at his craft.

Big loss... 

RIP Charlie Watts (for those who know who he is).

Emm... no just guys... #homo 

Explanation

You are NOT going to find me proclaiming that "mining is the way to go," but it really does seem that the whole hash/difficulty drop in the past several months have been super great for those miners who were already set up with relatively decently efficient operations (and you seem to have been one of them), so you ended up getting decently great wind-falls from the so much shenanigans in the space - and even the BTC price run up that came before the dropping hash/difficulty issues was likely another bonus (even though not specifically to miners in that case).

Our recent recovery of hashpower/difficulty over the past 3-4 difficulty periods should have brought a pretty decent amount of confidence back to concerns that China might have been putting themselves in a place to attack the bitcoin network, but instead Bitcoin's hashpower is likely showing that they were higher levels of incompetent dweebs than the theories about possible attack on bitcoin would have shown them to be..

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

Latest Block:   697403  (17 minutes ago)
Current Pace:   113.8478%  (1884 / 1654.84 expected, 229.16 ahead)
Previous Difficulty:   14496442856349.12                           
Current Difficulty:   15556093717702.55                           
Next Difficulty:   between 17712110966646 and 17722686783693
Next Difficulty Change:   between +13.8596% and +13.9276%
Previous Retarget:   August 13, 2021 at 12:42 AM  (+7.3097%)
Next Retarget (earliest):   Tomorrow at 7:50 AM  (in 0d 19h 19m 26s)
Next Retarget (latest):   Tomorrow at 8:00 AM  (in 0d 19h 29m 57s)
Projected Epoch Length:   between 12d 7h 7m 51s and 12d 7h 18m 22s

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


Can table some of those ideas about possible attacks (China or whatever), at this point, and just appreciate that the hashrate/difficulty has been going back UP.  Lovely... lovely.

hmmm 47k do you jump in and get some cheap?

Explanation

Who knows, exactly what is going on.

Of course, his buying 3,907 BTC is going to provide some support to the BTC price because it takes those coins off of the market, so by the time that he buys them and discloses that he bought the price had moved both up and down.. well it was in the process of UPpity anyhow, it had just gotten stuck around $45k for a while, which is the average price that he claims to have bought those 3,907 BTC.

Surely it feels a bit strange that Saylor did not just buy MOAR BTC in the mid-to-lower $30ks.. We were there for quite a long time, but maybe he was feeling sufficiently and adequately stocked up on BTC.. and who knows if the BTC price had been affecting him or if there might have been some other processes playing out.. but the gap in buying was a bit more than what anyone would have expected for merely gathering up the moneys to buy some lillie fiends.

In other words, without having had heard some better explanation from the horses mouth, I am getting the sense that he was sitting on his cash a wee bit longer than he probably should have, and he could have bought more in the mid-to-lower $30ks.. but whatever whatever whatever.. peeps (including companies) have their own processes that they need to go through whether we consider them as "hesitancies" from the outside or not.. or even if we employ some Monday morning quarter-backing along the way, which surely it can be easier to do some of the quarter-backing after seeing how some of the earlier dynamics ended up playing out as compared with doing the on-the-spot quarter-backing.

By the way our so far "pull back" from $50,562 to $47,750 (not even 6% so far) seems hardly anything to write home about (did I see an ant somewhere?)... we have accomplished the negating of the poll, so what else are we going to expect.. fuck that poll.. it was a bit of a feat, but bitcoin pulled an UPpity out of its ass, even though we were facing some pretty decent-ass large challenges in the sub $30ks at the time that infofront published such poll... so actually achieving the UPpity end of such poll feels good man.. and not only did we negate the poll, we also seem to have shut the fuck up the increasing number of whiners about bitcoin having had entered into a bear market blah blah blah.. nonsense.  

In other words, if we never left the bull market, then how the fuck would we have been in a bear market in the first place, unless too many peeps were throwing out nonsense opportunistic bitcoin price dynamic descriptions in order to shake some coins from the trees that had seemed solid but ended up caving like the weak hands that they were.. hopefully not too many mindrusted in these here parts, but hey even if some did not admit it, there are likely some more extreme mind-rusters who sold BTC on the way down, but there are way the hell more peeps who failed/refused to adequately and sufficiently pee pare their lil selfies for UPpity.. including the level of UPpity that we already had... including breaking above $50k because there were a decent number of them who were were thinking that $25k was more likely than $50k.. and sure, we might not label it as recking in the traditional sense - but just a failure/refusal to adequately and sufficiently prepare for any UP.. or the actual UP that already took place.

The extent of our correction from here is whatever.. maybe it becomes sub 10% or it reaches higher levels.. none of the corrections are unlikely in bitcoin even though so far we have only gotten 6%.. which seems like noise .. mere noise.. especially considering that the the price had come up from $29k-ish to $50k-ish in the past month-ish... which is a bit more than 70% up.. and sure there could be some more pausing or profit taking from here.. but not even that is any kind of given.. so you better prepared in case we may well have more UPpity.. and, even though I am expecting some resistance before $55k (for reasons already stated).. the playing out of that resistance (presuming that $50,562 is not our local top) is not even a given, either.

Seems like a buy on the dip potentiality, but surely I can appreciate that some guys (and gal) may well need a wee bit more than 6% correction before their buy on the dip orders are triggered.. and just to give a wee bit of personal disclosure, I will say that I consider mine to be a bit wide-spread too.. so my next buy orders are not triggered unless and until we get into the $44ks.. which is around a 12% dip.. and don't get me wrong.. as to my usual case about triggering my buy orders, I give no shits about reaching those buy orders even though sometimes I will kind of hope for them to get executed if we come within a few hundred dollars of the set prices.. but whatever, I prefer UP.. as usual.. even though it seems that I have always (at least since about sometime in 2014) had some kind of buy on the dip plan - in case our lil fiend does not want to go in the preferred direction... although there were a few times (embarrassingly) that I had run out of money too.. but through the years, I feel that i have gotten somewhat better at preparing NOT to run out of money - even though some of that preparation has merely been luck and thanks to the ONgoining UPpity performance of bitcoin over the years to save my ass on a large number of occasions - probably more times than I would like to truly admit - especially not publicly.. and not at this time because it might be a whole damned book to describe - "all the times that bitcoin saved my ass"^tm  - good book title, right?

If in 10 years time, bitcoin is $10m each, then the cash reserves of MSTR stored as bitcoin would probably form a majority of their market cap. At that price and if they don't get any more bitcoin, that puts the company hodling 1 trillion dollars worth of bitcoin.

There are several other companies that exceed this marketcap today. If those companies attempt to buy bitcoin, they can easily surpass MSTR.

Apple is 2 trillion. Microsoft is also 2 trillion. Google is 1.8 trillion. Amazon is 1.6 trillion. Facebook is 1 trillion. MSTR is about 6.8 billion, with almost two thousand other publicly traded companies larger than it by market cap. They were half that last year; I mean MSTR was 3 billion last year, this year they are 6.8 billion.

Facebook is going to launch it's own shitcoin, but it can, and probably will, also hold bitcoin in its balance sheet.

The question is, will MSTR maintain the lead and be number one with 100k bitcoins? Will other companies try to follow? There can be only 200 other companies that can possibly do this and stack 100k each.

This might be the most bullish thinking for me, if 2000 companies only buy 10k each, that would be the same result, more or less.

The total market cap of the top 5000 companies approaches 93 trillion dollars. They're not all going to buy bitcoin. But if half of that goes to bitcoin, we're looking at 2 million per whole coin. Markets don't work this way or linearly, so the actual effect could be much higher, which is why it's not too crazy today to think bitcoin can go up to 10 million to 50 million or even 100 million per coin.

We know the big banks (edit: I typed big bangs) are eventually going to buy some bitcoins, ... because they will be accepting them or offering custody services for them.

I can do that Any girls with a lot of Bitcoin?

Thots be like……

GOGOGOGOGOG =)))) LOL\\\CHOPPYCOPTERZZZ

I AGREE.

April to Now has been fine for miners, but it has to have been hard on buy and stack investors.

I did nicely mining and have some stacked so that a blast to 100k+ means I will sell pieces at:

 55k
 60k
 65k
 70k
 75k
 80k
 85k
 95k
100k
and more if we go there.


The shed is in place. I  Paid it off.
We may rent 1 room behind a barber shop.
Do some builds there and a bit of mining.
Got more stuff on the plate than I can eat.
So let the buy and hodl guys have fun from now till mid spring.

So a nice rocket to 100k and beyond would be cool.

I saw this information in other areas (fillippone's thread), but why no link in the original post in these here parts?

There wasn't a then link available .. or we no moar believening in links?


Is it going to take that long?

Sure, some companies might start to engage in some copy cat tactics to undermine some of Microstrategy's seeming strategic advantages, but one of the funny (or is it ironic) things about this "competition" is that MSTR has been pretty damned transparent about what they are doing, and they have even been taking it one step further to 'splain like 5 to so many status quo diptwats how to employ MSTR's exact same strategy or some variation of it... which is surely above and beyond any legal obligations that they would have.

Sometimes noise obscures a signal, and what we're experiencing now is simply noise in the course of the broader down trend. It's pretty mathematically obvious when you do the math.

Explanation

But I remember you said a lot of times BTC wouldn't stay for more than 10 days on +30k levels

What happened?