Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by LoyceV (2)
So my adventures in Doge hodl are done.
turned 2500 usd worth into 70000
it is now part usd and part btc.
We still mine it about 10000 coins a month.
Last summer that was 25 usd a month
it is now 3000 usd month.
Just a thought: have you considered short-selling Doge? If you have a (in the short term) more or less stable amount of Doge coming in from mining, and assuming the price will drop again, shorting might pay off.turned 2500 usd worth into 70000
it is now part usd and part btc.
We still mine it about 10000 coins a month.
Last summer that was 25 usd a month
it is now 3000 usd month.
Nah we will go back to mine and hodl. In a year we will have over 100k of them and will consider what to do with that batch.
I talked my partner into selling off 100k coins he dumped them at 33 cents.
It is now at 26 cents. He will hodl his remaining 550k coins till 1 dollar or bust. I can't play that way my hand strength is okay but not like his.
Doge was a side coin Along with LTC mined with L3+ antminer gear. We spent under 5k to get 25 now 22 L3+ units.
We were and will always be btc dominant miners.
I trade less than him and focus on making certain profits.
But at the moment things are so good it is a bit hard to believe.
BTC still 60k plus sideways with an upwards bias lets do this until next year.
BTW
Quote
https://diff.cryptothis.com/
Latest Block: 679587 (9 minutes ago)
Current Pace: 77.3004% (196 / 253.56 expected, 57.56 behind)
Previous Difficulty: 23137439666472.05
Current Difficulty: 23581981443663.85
Next Difficulty: between 18241314269851 and 22370362581109
Next Difficulty Change: between -22.6472% and -5.1379%
Previous Retarget: last Thursday at 3:40 PM (+1.9213%)
Next Retarget (earliest): April 30, 2021 at 9:55 AM (in 12d 23h 59m 36s)
Next Retarget (latest): May 3, 2021 at 6:20 PM (in 16d 8h 24m 30s)
Projected Epoch Length: between 14d 18h 15m 10s and 18d 2h 40m 4s
Latest Block: 679587 (9 minutes ago)
Current Pace: 77.3004% (196 / 253.56 expected, 57.56 behind)
Previous Difficulty: 23137439666472.05
Current Difficulty: 23581981443663.85
Next Difficulty: between 18241314269851 and 22370362581109
Next Difficulty Change: between -22.6472% and -5.1379%
Previous Retarget: last Thursday at 3:40 PM (+1.9213%)
Next Retarget (earliest): April 30, 2021 at 9:55 AM (in 12d 23h 59m 36s)
Next Retarget (latest): May 3, 2021 at 6:20 PM (in 16d 8h 24m 30s)
Projected Epoch Length: between 14d 18h 15m 10s and 18d 2h 40m 4s
A 23% drop due to a coal issue in china.
No one knows the long term of this. But if it lasts 2 weeks the ease of mining will mean a big bonus for them.
If I spend 15k in power to earn 1 btc right now
A 23% move in difficulty means 1 spend 15k to earn 1.23 coins
It also means rising fees right now block fees are up a bit.
Block
679589 1.74 btc
679588 1.89 btc
679587 2.08 btc
679586 2.12 btc
679585 1.38 btc
679584 1.68 btc
I used this page to make those numbers
https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer
If we continue with a difficulty drop of this magnitude it will have an effect on price.
I would have thought it means a correction But this year is topsy Turvey so it may mean a huge move in price up and over 70k maybe 80k