Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7493. (Read 26586460 times)

Tick tock, tick tock



2015-2017 for reference (guess what happened after this):

So I have good chance in my life to be millionaire because its my wish I want to dead with this batch

Dang, mempool getting hot.  They're paying 160sats/byte no problem.

I expect the fees to drop though as we begin to eat through the backlog.

-6% in diff, 20-30% of the reward in fees, basically only 15%-20% lower earnings than before the halving (in btc) and, considering that prices were in the 8000 range a couple of weeks ago and close to 10K now, miner earnings are essentially the same (in $$).

According to: https://diff.cryptothis.com/

Latest Block:   630971  (2 minutes ago)
Current Pace:   93.9494%  (1980 / 2107.52 expected, 127.52 behind)
Current Difficulty:   16104807485529.38XXXXXXXXXXXXXXXXXXXXXXXXXXXX
Next Difficulty:   between 15132455028583 and 15132746375132
Next Difficulty Change:   between -6.0377% and -6.0358%
Previous Retarget:   May 4, 2020 at 9:02 PM
Next Retarget (earliest):   Today at 6:40 PM  (in 0d 6h 22m 46s)
Next Retarget (latest):   Today at 6:40 PM  (in 0d 6h 23m 11s)
Projected Epoch Length:   between 14d 21h 37m 56s and 14d 21h 38m 21s

what is the update on the difficulty adjustment?

Whether covid is real or not, we cannot be going around "omitting" what actually happened in bitcoinlandia.

 

In other words, whether some event explains what happened in bitcoin price movement or not, it still serves a purpose, even if it were fake.... and let's say, for example, the bitmex exchange had to shut down its trades on March 12 because overleveraged trades were going to bring bitcoin to zero or close to zero, so yes, bitcoin prices could have gone to zero on March 12 had bitmex not shut off their exchange, and perhaps the recovery would have been more violent.. or perhaps the BTC price might have got caught in the sub $1k territory for a week or more.  But, fact of the matter is that none of that happened.. bitcoin did not go to zero and bitcoin did not even go below $3k.

Instead, as we know, bitcoin went to $3,850, which was largely a 50% price correction within one day that largely recovered itself within a couple of weeks - while having some lingering staying down effects and even some doubts about whether the BTC price recovery would continue or revert back to testing $3,850 or some other price that was lower than the subsequent recovery point.

And, sure such outrageousness served a purpose to relieve some folks of their coins (sorry mindrust), and to cause some people (perhaps weak hands) to continue to doubt whether they should keep some of their value in BTC... or to buy with the value that they have, and they say: "I am going to wait and buy cheaper coins.. so instead of using my $1,000 to buy .103 BTC (at $9,700), or .133 BTC (at $7,500),  .222 BTC (at $4,500), I am going to wait to  buy .4 BTC at $2,500 because it appears that Masterluc might be right...". blah blah blah..   and so bears might want to test out the weak hands again, or maybe the bears realize that they are only given such opportunities based on a confluence of events.. that might not play out again in such a perfect storm...   Even the bears might start to wonder whether they can they replicate the storm and if they have shaken out as many weak hands as they can?  or not?  

Can we just ignore what happened on March 12....? NO, we cannot!!!!!   Can we omit certain parts of bitcoin's price movements, and try to analyze what is going on in bitcoin as if our omitted parts were an aberration?  NO, we cannot!!!!!  

If we omit parts, then we are in fantasy land, and in essence, we have to account for what actually happened,  the good, the bad, the ugly.. and the aberrations.. even if we believe that the aberrations had accomplished nothing or they were not representative of king daddy...

Of course, I am not suggesting that many of us are not going to profit from being able to recognize the difference between signal and noise, and of course, many of us were not shaken from our coins during the $3,850 dump, and many of us picked up a few more coins during such dumpening.  

@BTC_Macro
88% of all Bitcoins have already been mined.

Soon, the public will realize that most of us have no interest in selling.

Billions of people will fight over a small percentage of $BTC.

The end game? Price will moon and only millionaires will be able to afford 1 full Bitcoin.
https://twitter.com/btc_macro/status/1262757933193945088?s=21



Soon........

Values ​​with interesting Charts.






Source: https://twitter.com/ChartsBtc/status/1262804681945780224

Sorry, gotta correct that to Q3!
And yes, BTC does not tend to do sideways well, but if the triangle plays out, she's going quasi-sideways for the next few months.
If you omit the "covid glitch", it did "sideways" (swinging between $9k and $10k) pretty well in the recent past.
But yeah, nobody (really) knows, and history shows us that many "bitcoin prophets" were turned to fools more often than once  

EDIT:
Here's the zoom-out version:

Bitmex being sued by same group which did it to FTX and ripple. They are in trrrrrroubbbbbleeeee!
https://www.coindesk.com/bitmex-market-manipulation-lawsuit-rico-bma
From what I remember last week they were saying so much liquidation that went on there. Then them sending out this large amount of liquidated btc totaling 12kbtc in one transaction was the main reason for clogging up the blockchain hence causing the major rise up in transaction fees for everyone.

05/18/2020

https://www.ledger.com/improving-the-ecosystem-disclosure-of-the-trezor-recovery-phrase-extraction-vulnerability

Always use a passphrase on top of your seed!

Bitcoin does not tend to do sideways very well, especially, if you are expecting it, so you might want to consider that, too.

Well, after-the-fact, you can identify some seemingly sideways periods.

Sideways until 2021? NOT fun. 

This is actually fascinating me since the covid glitch resolved. If it really plays out, we'll have the chance to accumulate at these prices until mid Q4Q3/2020.
Not the worst option, honestly. Bitcoin, you can moon later  

tulip trust 

Could also be a bitcointalk member.

Mysteries...

shoveling $143M fast, secure, worldwide, with a $0.30 fee. Bitcoin is growing up.
Probably to claim BCH from the old keys 

Whales busy shoveling money
https://dailyhodl.com/2020/05/19/massive-crypto-whale-drains-bitcoin-wallet-moves-143000000-in-btc-in-single-transaction/