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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation



Belief in dark magic  is the 4 year mining cycle is applicable to the 4 year price cycle

a true half truth.

Yet millions will stick with believing  in it.


even with the price fairy trying to get them to believe in the lack of connection they are weighed down by a strangling dark belief.


Sad so sad.


#1
Re: Is this the new pushups thread?
in Meta
I've reported this topic as zero; let's see how things go from here. If she stays, then following this topic, you can open a lot of similar topics, such as feeding the kitten, feeding the baby, and everything that people think is a good deed. I don't want to be a cynic, but some people are very good at turning everything inside out, which later looks very ugly, as if all useful things should definitely be rewarded.

Just planting a tree should be commonplace for any normal person. It's scary to imagine what kind of reports we might see about the planting of forests. Grin
Your report result might make you disappoined, and that thread will possibly stay, won't be deleted but very likely be removed to Off-topic board like this thread.
In an homage to Og’s pushup thread I am doing a stair steps thread.

I don't know that thread was initially created in the Off-topic board or it was moved there.

It was always in other section. BTW I slacked off on both threads due to my,age,and health.
#2
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
Well ogggg!

It is not like I am not stacking already.

So if we bottom out Oct 2026 and take off from there it is not a large problem for me.

I would prefer taking off in March or April of 2026 .

I do not disagree with the 4 year cycle for coin distribution.

I do disagree with the 4  year cycle for price growth.

So if 59+k was the  bottom and it was early this year the 4 year cycle for price is broken.

Since it was many months sooner than your Oct 2026 pick.

You painted yourself into a corner. I WILL expand it to Sept 15th 2026 - Nov 15th 2026 we have to drop under 59k and then rise up.

If that does occur you will be correct.

Still hoping for you to be wrong.
#3
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
we had 6 red months in a row.. the one and only time that was the case before, we went up for good in the seventh month



Last time this happened was 2018, Bitcoin was sitting at $3500 and then pumped 300% in 5 months.

Clarity act still under negotiation with Brian Armstrong still trying to protect his yield income stream, proposing a tax cut for compensation. When finalized fresh institutional money will enter.

Hoping it will be soon Smiley

Well… I hate to be that guy but…
In the 2013 cycle we bottomed in January of 2015.
In the 2017 cycle we bottomed in December of 2018.
In the 2021 cycle we bottomed in November of 2022.
In the 2025 cycle we will bottom in Huh October of 2026 if the fractal continues.

This is the result of supply and demand with a twist of human psychology.

and if it does that it pretty much signifies that the asset is doomed to failure.

Since false beliefs lead to ruin.

I do understand false beliefs seem cool..

But Jonestown would be an example of the real problems of false beliefs :

https://en.wikipedia.org/wiki/Jonestown

another

https://en.wikipedia.org/wiki/Heaven's_Gate_(religious_group)


the believers get marginalized and self destruct.

So with the unfortunate belief that 4 year price cycle is  set in stone BTC will not last and implode.

We still have a chance if the rally was to begin now or if we sink to the full low in march or April next

year.


#4
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
Another weekend in mountains.

Patrol prices are all time high in my country. I use High Octane only for my car which is 410 Pak Rupee/ Liter (1.50 USD).

Still I am able to afford such trips with family. Thanks to BTC only for helping me out.

 

p.s. The croissant is home made.

So 4 liters for 6 usd .

actually not terrible price.

in California it is :

These are results for los angeles gas price today
Search instead for los angles gas price today
Los Angeles-Long Beach
                       Regular     Mid
Current Avg.   $5.971   $6.192
Yesterday Avg.   $5.960   $6.185
Week Ago Avg.   $5.798   $6.002
Month Ago Avg.   $4.694   $4.929

In my state of NJ about $3.80 a gallon

a US gallon is around 3.785 liters

so $6.192x1.057=$6.545 for 4 liters mid/high

so it cost more  in  los angles than in your country for 4 liters of gas.
#5
Re: New: Save your nice merit records here.
in Meta
6979 is good digits(69 79).



I would have deleted this but I can not due to meta rules. So If you would want to be nice delete it

please
#6
Re: Why is bitcoin mining hash rate increased in 2022 but falling in 2026
in Mining
Who else is waiting for cheap Asic miners when Bitcoin goes down to 48k or less? There is no better time to buy asic miners than when there is aassive dump in Bitcoin value.

Many miners will be forced to turn off their machines, the more the value is going down the less mining will be profitable, it's only those who can settle electricity bill while mining isn't profitable anymore will want to hold their Bitcoin for long term, some miners are mining Bitcoin and settling the electricity bill straight from that mining returns, many won't be able to keep up.

well the s21xp was as high as 7200

it is now 3600

it is pretty much the best in stock unit on the market.


https://altairtech.io/product/bitmain-antminer-s21-xp/   Here it is for usa buyers in stock 3599 price.


that is not a referral link for me. if you want to use a referral link use my signature to join the website. and order it.

I am not sure how long it will take it to go much lower than 3600 price.

it is about 12-13 watts a th  pretty much the most efficient unit in stock for fast ship in the USA.

Yeah it will drop in price, but not so soon.
#7
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
get ready for some dip people.

under 64k sometime this weekend.
#8
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
Very simple My proposal is Bitcoin is worthless.
This thread is for arguments  against the value of Bitcoin.
Any thing in favor of BTC get deleted and placed in a third thread.

I have read all replies from 1st page to page 4 and it seems people have ran out of ideas, there are repetitive opinions and even though what i have in mind has already been said by one or two persons, i can say that bitcoin is a worthless coin because without the internet, no one will hear about bitcoin anymore and this is where the fiat currency is supreme because even without the internet, people can still make transactions since they are in cash.
Yeah it has become too repetitive so I am locking it.
I may revisit in a few weeks time.

Two lies and a truth   - one lie, one truth and an unknown:

Bitcoin is worthless, the bottom is in, and you are no fun!!!!!!!

 Angry Angry Angry

Don't take it too serious ''Bitcoin Geek'' in the just concluded BCA Smiley

one lie --- fiats is supreme
one truth --- Bitcoin cannot function without the internet
the unknown --- i also don't know Grin

Apparently, @philipma1957 was just doing some kind of survey to know the opinion of others why bitcoin is a worthless asset and why bitcoin is a worthy (valuable) asset.

Below are the links to the two threads:

this thread will accept only reasons For Bitcoin as a valuable asset.

I propose that Bitcoin is a worthless asset. Please show why I am correct.

NO HARD FEELINGS

Sounded real stupid  but I see @Philipma wanted to satisfy everyone's ego, Those against bitcoin would rejoice on seeing his proposal against bitcoin but then when they see same being asking in support of bitcoin their mouth will be ajar. Bitcoin speculators and their mindset. Waiters and investors alike.

Something remarkable, before the thread had several pages, everyone's reason for being against bitcoin as worthless and for supporting bitcoin as valuable started becoming repetitive. Everyone is cool , now no one would tell exactly which proposal @Philipma has taken to heart.

Still stacking BTC after I sold my silver and gold.
#9
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
in Speculation
Get a load of this:

https://horsford.house.gov/sites/evo-subsites/horsford.house.gov/files/evo-media-document/miller-horsford_digital-asset-tax-bill-discussion-draft.pdf

Bitcoin is not on the menu, apparently, ....as far as de minimis tx is concerned.
I guess ...good luck with buying that coffee with LN.

EDIT: i don't pay much attention to the stablecoin yield as stablecoins are somewhat retarded, imho.
They are like a WD40 (or KY jelly, lol) that smooths things, but not the essence.

seems to try to solve the income issue. for mining ⛏️

and the stable coin issue should be as they are trying to do.

I will have to study exactly what the mining law ends up being.
#10