Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6950. (Read 26711479 times)

This fucking covid-19 has made it really hard to continue mining ⛏.
I shifted gears and now have 10k worth of gpus and 40k worth of asics.
Instead of all asics.
Pretty soon I will be done.
Finding power is a bear 🐻.
We have the place in clifton nj with most of the gear.


we may get a place in pennsylvania but it is far really long drive.
3 1/2 hours each way.
we could load it up with s17pros on vnish firmware it could be viable.

The covid got me and the wife in Jan.-Feb. 2020

 I got better, But the wife had a hidden condition which the covid attacked and made worse.

It then took from march 2020 to july 2020 to get an almost correct diagnosis. which when treating led to finding the true underlying problem. we are now treating her since oct 6th with most likely the right method.

It has been a draining experience. years ago I was sick for five years around 26 to 31 and it was difficult.
This is harder. As the wife and I are 63+64 .

Back to predictable things the price of btc will moon 🌙 very soon or I may just give it all up due to exhaustion.

In connection with the frequent news about companies that reveal their positions in bitcoins, I have the following observations / speculations. Haters on twitter say that these bitcoins are not bought at once and that the price has not risen, so this news is irrelevant. These are the same haters who said 9 months ago that the halving was priced in. Apparently they were wrong, because the price has risen by more than 50% since the beginning of the year. In the same way, they are wrong in their assumptions that these purchases will not affect the price in the future. Here I believe that the following facts are valid.

These are serious companies with great resources and specialists who have obviously come to the conclusion that bitcoin will go up and at some point will decouple from stocks as it was often in the past. This will give the desired insurance and more companies will invest.

Another interesting fact is that in the last 6 months the balance of spot exchanges has decreased by about 500K bitcoins, which is close to the amount owned by some companies listed in my post above. This trend will obviously continue with further purchases.

The real question here is how much we can expect companies to invest in bitcoin over the next 4-5 years. It is clear that not everyone will buy large quantities at once, so 1-2 month bubbles cannot be expected from there. But according to fidelity, the estimated fiat that will be invested is about $1.3 trillion. A simple calculation shows that this amount at the current price would buy more than 100 million bitcoins, which is impossible of course. Therefore, even only the institutions will move the price to at least 100K, which would correspond to 10 million bitcoins - again more than is actually achievable, because there will be more than 8 million bitcoins that are either lost or not sold below 100K.

So definitely this news is very important and we should be happy. And be patient. The decline in bitcoins on spot exchanges is only a sign (but a definite one) of an impending price increase. The real rise can be postponed for several months, at most 2 years, if there are violent manipulations through the derivatives. However, as the pathetic troll proudcon would say, mathematics and science prove that with such an investment the price will become at least 100K in the coming years. And if we add the natural retail growth which will be enough by itself to push the price above 100K, we can expect a peak well above 100K.

#confirmedbymathandscience  

Whaaat?
Hopium^2
 

EDIT: nevermind, it is in strange units, just regular hopium, nothing to see here.

S9 noise killed my ability to mine at home.
S19 makes my ability to support hosting kind of iffy and not very practical at the current price/output levels.
S17/T17 is probably the last gen I purchased, which is kind of sad.
kudos to @philipma1957 who still going strong in self-hosting, albeit mostly at a solar farm.
I am this close: > < to giving up even at a great hosting. Will continue as long as it makes some sense.

With BTC I've NEVER had buyers remorse... I HAVE had sellers remorse of BTC however...also had a pretty good ASIC addiction hardware-wise of any flavor...but

that seems to have 'passed' (like a gallstone) so moving on...

Brad

buyers remorse

old fashioned institutional finance chief manager to trading staff: "you morons! i said 'bye bitcoin', not 'buy bitcoin'!!!"
institutional finance trader: "hold my beer..."
(clicks market sell)

EDITed slightly. I guess it didn't make it more funny, though 

Galactic Federation production?

My expertise.

I.want.to.see.that post.gif

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

Bitcoin in the Boardroom with Michael Saylor (part 1)
October 13, 2020  Peter McCormack

https://www.whatbitcoindid.com/podcast/bitcoin-in-the-boardroom

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.

Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC).