Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bitcoin 2018 vs 2022:
1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.
pls don't jinx it 1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.
Hahahaha
Anyone who knows anything about dee cornz still voting (hoping/praying) for downity?
Of course, we never completely purge ourselves from the fence sitters, the low coiners and/or those who failed/refused to sufficiently/adequately stack up and pee pare their lil selfies for Uppity in the past 7 months or so.
For that reason, it surely would be lovely to see my lil precious go into "punishment mode" .. .hahahaha we've seen that kind of thing happen several times in previous years, and surely it is not anything that can be relied upon, but it surely tends to be joyous during those sometimes when it has happened to have happened... and I cannot even see right now as being a bad "set-up" to go
#Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs
https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
Yes, BTC is the best performing asset to hold (that's why I'm 98% in), but isn't this comparison is a bit cherry picked ? We are only 3 weeks into the year and just had a mini bullrun out of the lows in this time frame... https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
Huh? Do you even understand what happened or where we were at in July 2019? By the time we got to July 2019, 3.5x BTC price rise had just taken place over a 3 month period. I saw July 2019, and this ain't no July 2019... even if our current BTC price were to end up correcting back down to $16k-ish from here.
Or maybe it is simply going back to a nice level for mining.
Or maybe you are allowing dreams to get in the way of your BTC price dynamics analysis?
A big farm with 5 cent power and 25 watt gear. And debt along with overhead of building workers maintenance was in serious trouble a while back.
100 th made 6 usd a day. burns 80kwatts or 4 usd at five cent power. nets 2 dollar a unit but then add in building cost, loans ,salaries ,gear maintenance they were under water.
they kind of needed 4 cent power or no loans.
same 5 cent power setup today makes 7.87 a day burns 4 dollars nets 3.87 per unit before all other costs.
10000 units is 38,700 a day vs 20,000 a day.
10000 units could have cost 60 million or maybe as low as 15million
38,700 a day = 14,125,500 a year. vs 7,300,000 a year.
100 th made 6 usd a day. burns 80kwatts or 4 usd at five cent power. nets 2 dollar a unit but then add in building cost, loans ,salaries ,gear maintenance they were under water.
they kind of needed 4 cent power or no loans.
same 5 cent power setup today makes 7.87 a day burns 4 dollars nets 3.87 per unit before all other costs.
10000 units is 38,700 a day vs 20,000 a day.
10000 units could have cost 60 million or maybe as low as 15million
38,700 a day = 14,125,500 a year. vs 7,300,000 a year.
Yeah, but who cares? You think that mining costs drive the price dynamics of my lil precious?
23 never felt so good.
Yep.. we keep revisiting here.. so it's gotta make a person wonder.
10 merit for ivomm
But should also DE-merit for bear prices in the good content .
What you talkin bout Willis?But should also DE-merit for bear prices in the good content .
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
Its the reason I didn't merit that post.Hahahaha .. fair enough.. .. I had to go back and merit dee doodz for such subtle wittenings.
And by the way.. yeah, I might have clicked my "send" merit button too soon too.. especially when thinking about "stable BTC" prices, as if that were an actual thing that any of us should consider amongst any kind of "meaningful" high level of probability that it is even worth mentioning... yeah... sure, "stable" prices coudl end up happening, but largely seems like an outlier event that is hardly worth mentioning it.. unless we are somehow obsessed with focusing our mental energies on "fringe" cases and then treating them as if they were anywhere even close to 50 or greater odds of actually taking place.
JJG
mining sets the floor price.
I have followed for years and bottoms come in just about right on spot to :
5-6 cent power
and top of the line gear.
basically we hit that in november .
I 100% agree that mining does not set the top of the bull run.
But time and time again mining is what set the foundation level for the bottom.
please note flash crashes are excluded as the have been followed by v style recovery.