Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Ludwig Von
on 20/11/2018, 21:45:01 UTC
I'm glad this is happening so it will finally be over and done with.

I think we will have reached our new ATL since the last ATH within a day or 3.

You could be correct that this is going to be over soon (perhaps within a few days), but it remains difficult to be glad about the whole situation.. and we also cannot really rest assured that it is going to be over, either.

It is similar to previous downtrends when posters are rejoicing about falling BTC prices, and they keep rejoicing and the BTC price keeps falling.

After a while, the rejoicing stops as the BTC price continues to fall.  At some point, the price stops falling, too.. and I would rather NOT go through all of that.  I would rather return to UPPITY, even if the shitty alt coins have to come along with us...but it still seems that even though bitcoins are being shook, the alt coins are not shaking enough... and bearwhales can still smell blood..   and purge and purge and purge... .. 

Me thinks that it remains difficult to feel "glad" under such ongoing uncertain circumstances.

Indeed, no reason to feel glad. I wonder, what is the average margin cost for miners at this moment? And how does that fit in the picture of major miners being involved in the Btrash war?


A few days ago, BitMex research had suggested something like $3341 per BTC, and it remains unclear about how they arrived at that number.

https://twitter.com/bitmexresearch?lang=en

I am sure that there is some playing around with BTC hash power, but overall, so far, BTC hashpower has remained pretty stable (and relatively high) through the past few days.

https://www.blockchain.com/charts/hash-rate?timespan=30days
Is this where the fucking $3,300 wall number is coming from? I was wondering who was pulling that number and from where.

So, they are risking their BTC profits for a war in a only losses quest. Strange guys these miners, would Obelix say.