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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5418. (Read 26610426 times)

sr. member
Activity: 845
Merit: 267
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.  

A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for.

right they started out with massive mining outfits using Hydro power, however that was years ago so I was thinking more on the individuals that sprung up in a country that size mining from home the last four years or so.   
jr. member
Activity: 196
Merit: 2
legendary
Activity: 2050
Merit: 1184
Never selling

fuck this shit.

Have your various interest earning bullshits been liquidated, yet?

sorry for your loss.

Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

See!  This is super useful to see.  It is encouraging to see so little piled up on the sell side considering the damn valley we are currently in.  But to honor our lone dissenter I have reduced the sizes in the quote to teensy-weensie.  Wait.  That sounded like something JJG would say.  Uh oh... something might have gotten stuck down in there.

Unfortunately when the walls stack like that, it often means we're due to move into the high (lower) side. The sells don't pile up, they just eat into the buy side (and vice versa when fortunes are flipped). It does explain why bounce-backs tend to be a bit easier though.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.  

A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for.
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
What the fuck is this shit....my bitcoins are only 300% up in the last 12 months . Fuck this shit
hero member
Activity: 605
Merit: 634
Today I:
Sold a rusty, dirty old 4x4 truck for fiat.
Traded the rusty, dirty old fiat for a few slivers of clean, shiny BTC.

Life is good.
legendary
Activity: 3892
Merit: 4331

 Will another law making it even more illegal to hold computer systems hostage for bitcoin do anything actually?  Maybe the Russian oligarchs should just embrace bitcoin rather than using their puppets to enact more useless laws.  

That was from 2014.


@Paashaas traveled back in time to bring us a fresh fud-zicle.
I fell for it...almost.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3892
Merit: 4331
$33k

Who are we blaming today? Elon? China? Russia? Who?

Or know one... because "FUD is temporary, #Bitcoin is forever"

it's just some kind of low retest imo it was bound to happen

for now

Kinda looks like it at this point...

So, is this good or bad:



it went down because @JJG repeatedly denied that there is any resistance at 42-43K  Grin..., but the pic above says it quite clearly: there was such resistance.
let's the blame game commence...he he
Every time he/she utter some "non-technical" analysis, it does the EXACT opposite.
Almost a perfect indicator (in reverse)-those are actually very valuable for traders. Unfortunately, I am not doing much trading.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
$33k

Who are we blaming today? Elon? China? Russia? Who?

Or know one... because "FUD is temporary, #Bitcoin is forever"

it's just some kind of low retest imo it was bound to happen

for now

Kinda looks like it at this point...

So, is this good or bad:

legendary
Activity: 874
Merit: 1357


I think it's about time to get this show on the road, so thought I'd save Bob the hassle
legendary
Activity: 3892
Merit: 4331
Interestingly, bitcoin is less than 1% of total wealth, but they are talking 50% of time about it on various media outlets vs stocks/bonds/etc.
Does it mean that we are going to 150 tril or 75tril if stock/bond market gets halved? lol
Bitcoin is definitely punching way above it's current weight.
legendary
Activity: 1526
Merit: 1012
$33k

Who are we blaming today? Elon? China? Russia? Who?

Or know one... because "FUD is temporary, #Bitcoin is forever"

it's just some kind of low retest imo it was bound to happen

for now
copper member
Activity: 1526
Merit: 2890
$33k

Who are we blaming today? Elon? China? Russia? Who?

Or know one... because "FUD is temporary, #Bitcoin is forever"
legendary
Activity: 2184
Merit: 1213
Just a reminder, get your coins out of the exchanges. Only a question of time until the next "exchange hack" story. When history repeats...
legendary
Activity: 1834
Merit: 4197
the one o'clock confirmation bias report

at this point I would have to say there is more than a even chance we see twenties again or lower
and that same percentage that we have seen the top this cycle
it would take some stupendous news I think for continuation rally to gain a foothold
the charts are a train wreck

yes, I am quite fallible..dyor
D


W

#blahblahblah
sr. member
Activity: 719
Merit: 388
see https://bitcointalksearch.org/topic/m.57059967

People proclaimed that the guy is midrust-lite, but examining his lines makes some sense (as a possibility).

A quick 2021 vs 2013 comparison...

2013: up from ~16 to $250 (1300%), down from 250 to 65 (-71%)
2020-2021: up from ~10K (where bull started going vertical) to ~65K(450%), back down currently to 30K at the current low (-53.8%).
At 25K (hypothetical) it would be -61.5% (close to a Fib number) and at 13K (close or at 200wk average) it would be -80%.
This shows to me that 25K is possible as this downturn low, but even this one seems excessive since we did not peak as dramatically as in 2013, therefore it is more likely than not that we either already bottomed at 30K (almost -54%) or would bottom somewhere between 25 and 30K.
 
Pure tech analysis guys would probably love for it to go to -61.8%, which would be just a tad below 25K (something like 24.7K if the top was actually 64.65 and not exactly 65).

TLDR; We already had enough decline compared with 2013, but could go to about 25K in the oversold scenario. Anything lower would be a problem.

Numbers looks not so correct. We started around 13$ december 2012 and the peak was 260$ so X20 in april 2013 (let's say around +2000%).
I am agree with you for the 10K$. Even if we were already at 20K$ during december 2020, we started to go (really) UP from the 10K$. So assuming we made approximately x6 till the (local) top.

In this situation, got a dip more than 50% looks already really high and really oversold. More in prorata to go from 13 to 260 and go back to 65.

This scenario and proportion would be more correct if we had top to the 100K$ / 100K€ so let's say 100-120K$. But definitely not à 64/65K$...

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Fcuk.  Here we go. Sad  We really need to bounce here.

Man... this is NOT big volume.

This all seems alternate universe level wrong.
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