Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9245. (Read 26714057 times)

I see gang bang #Fatman 🤪
Why?
Did he sold under $8k?

There's no hope for JayJuanGee
He speaks in tongues
Walls of text block out the sun
Even devils run
The crooked Bitcoin young

Buulllllsshhheeeet. 


I thought you were pulling my leg and wasted 20 minutes looking for rude gifs. 

And then I thought to actually check my profile.   Dammmm. 

I guess I can sit at the big boys table now. 

congrats to fillip, a true hero.

now legendaries on the other hand, seems like they let any old rifraf in:


https://i.imgur.com/d6O8jdU.mp4

anyone else get promoted?


no but seriously congrats to FairlyMcHairy love you man no homo

Deserved promotion
A wel established member
Soon to be LEGEND

Though the road is long
Activity is a bitch
Keep writing content


(*)Haiku attempt

https://bitcointalksearch.org/topic/q4-quarter-4-speculation-thread-where-will-2019-end-join-the-list-5188987

^
Please take a vote if interested

The clock is ticking
activity is growing
I am now hero(*)



(*)Haiku

Roach your so desperate but no one GIVES a shit about your opinion.  So funny .you weak and out of date. Go fuck yourself. I know you secretly have Jewish roots

That post contradicts itself because a lot of it is the same thing I say concerning Bitcoin cost of production, and it's simply not possible for the cost of production to go up an order of magnitude or higher making it use more power than the entire United States to allow these stupidly high prices people claim.  So get ready for disappointment and the failure of Bitcoin growth which will probably cause the entire Ponzi scheme to unravel.

Oh, and by the way, it's not me that's childish, it's you that's a turd.

Jewish propaganda just doesn't work like it used to:

https://dailystormer.name/yikes-italian-authorities-investigate-effigy-of-greta-thunberg-hanging-by-a-noose-from-a-bridge-in-rome/

1/ 
@filbfilb
 called BTC’s bear market bottom 12 months in advance — before the bull market even finished!

His words on Dec 4, 2017: “I would lean towards 3k”.

His take on what comes next (and why) is fascinating.


https://twitter.com/ColeGarnerBTC/status/1181734402616909826?s=20

2/  First: how was
@filbfilb
 so on-point?

He focused on one metric: estimated cost of mining production.

He layed it all out in March, 2018: est. cost of production's price range bottoms out at $3170.

9 months later, $BTC bottomed out at $3148.

https://tradingview.com/chart/BTCUSD/3eCM0tWa-What-Satoshi-said-about-price-action/


https://twitter.com/ColeGarnerBTC/status/1181734420358807554?s=20

3/  Why is production so relevant?

Miners are natural sellers — they drive supply more than anyone else.

But their incentive to sell vanishes below the cost of production.

Institutions and smart money knew it, and were ready. Retail was mostly unaware.
https://twitter.com/ColeGarnerBTC/status/1181734424737652739?s=20


https://twitter.com/ColeGarnerBTC/status/1181734430324469760?s=20

5/ $BTC's bottom doesn't *have* to track mining's production cost floor.

But it did.

Just like it did in 2015, the last time BTC hit bottom.

I had a hard time finding more historic production cost data -- LMK if you know where to find some.


https://twitter.com/ColeGarnerBTC/status/1181734439191232512?s=20

6/ Here's my suspicion:

$BTC's logarithmic channel bottom *is* a rolling average of mining's production cost floor.

I can't prove this, my sample size is too small, and I'm wide open to being proven wrong.

But the data we have tells a very specific story.


https://twitter.com/ColeGarnerBTC/status/1181734457767858176?s=20

7/  It’s been 9 months since we bottomed, and miner's nominal production cost hasn’t changed much.

But Bitmain & friends aren't fools, they know the block reward will halve in May.

That's priced into their bottom line by now.
https://twitter.com/ColeGarnerBTC/status/1181734460498288640?s=20

8/  Production cost doubles when the block reward halves. That makes $6340 the new floor.

Smart money knows it, again. Retail has no clue, again.

(Lots of longs in the right place, for the wrong reasons).


https://twitter.com/ColeGarnerBTC/status/1181734462494822401?s=20

9/  That doesn’t mean price will reach the $6400 region — but
@filbfilb
 makes a case for it.

Big miners have incentive to drive $BTC price back to its production cost.

They’d love to dish out max pain one more time before the bull market steamrolls forward out of control.
https://twitter.com/ColeGarnerBTC/status/1181734464638144513?s=20

10/  Why? Low prices drive less efficient competitors out of business — one miner's capitulation is another man's market share.


https://twitter.com/ColeGarnerBTC/status/1181734491758497792?s=20

11/  That’s
@filbfilb
's take. Here’s mine:

Every bull market is preceded by a terminal shakeout.

It’s a spring — one last higher timeframe stop run before the parabolic advance gets started.


https://twitter.com/ColeGarnerBTC/status/1181734508095250432?s=20

12/  Last cycle the terminal shakeout preceded BTC's accumulation range breakout.

We never got one this time.

I think we’re in the process of getting it now, and I think it’s healthy for the bull longterm.

13/  I think this is the last time we'll ever see $BTC below $10k.

But I also think we need to revisit liquidity in last year’s Eternal Range before we can make a run at ATHs.
https://twitter.com/ColeGarnerBTC/status/1181734512826503168?s=20

14/  The longer prices stay low, the more inefficient mining operations go under.

The more weak hands who bought above $10k get shaken out.

The $6400 region could get frontrun.

But a long bottoming process (measured in months) is just as likely. Or both.


https://twitter.com/ColeGarnerBTC/status/1181734527980445697?s=20

15/  Institutions, hedge funds & state actors would love to re-accumulate at those levels.

Their incentives align with Big Mining. For now.
https://twitter.com/ColeGarnerBTC/status/1181734531730214918?s=20

16/ 
@filbfilb
 thinks a pullback to resistance around $9500 is a possibility.

IMO it could be a nice opportunity to hedge short. Or sell spot & rebuy lower. 

(Be careful -- never go all out, or all in.)

 A daily close above $10k invalidates this IMO.


https://twitter.com/ColeGarnerBTC/status/1181734543151239168?s=20

17/  If you’ve been waiting patiently to buy $BTC, $6400 - $7500 is a great buyzone.

If we get there, the drop could happen fast.

Doubt might creep in. This happens by design.

Scarce asset ownership is a zero-sum game -- you might not get a second chance at sub-7k prices.


https://twitter.com/ColeGarnerBTC/status/1181734556573032449?s=20

18/ If none of this happens, it’s bullish for $BTC.

If all of it happens, it’s just another guidepost along our path through BTC’s market cycle.

Either way I’m super bullish.

And your patience will *so* be rewarded.
https://twitter.com/ColeGarnerBTC/status/1181734559362273280?s=20

just a troll. 

Actually, i'd welcome sideways and small dips, as well as short pumps at the time. I took a very small percentage of my (few) BTC to trade against some alts (having an actual usecase at least) that spit me out some satoshis for a small present to someone special. Otherwise also longtime hodling, as usual.

I expected $6500. And there is still time for that. But as I see it, we don't have to go down there.

In short, idk.

Either way I'll just hodl on.

Alright, m8.  Got you covered.  It's called physical silver, gold, and copper.  Block size is infinite, tokens are fungible, and it even has pruning, which noobs in Bitcoin couldn't get to work.

Observing $8.180 after breakfast.

MA10 refusing to cross MA50 (1h,4h), BB narrowing, volume low.
Time for a move, imo.

Up or down?

Agreed. Raise MAX_BLOCK_SIZE!!1!1!!!