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    Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26864057 times)
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    • ChartBuddy
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    February 22, 2022, 01:01:22 PM

    Explanation

  • moneystery
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    February 22, 2022, 01:05:59 PM
    Quote from: AlcoHoDL on February 22, 2022, 11:03:00 AM
    This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

    Coin Name         Value on 21-Aug-2017   Current Value   Change
    ---------------------------------------------------------------
    Bitcoin (BTC)          $4,002             $37,111         +827%
    Bitcoin Cash (BCH)       $600                $283          -53%
    Litecoin (LTC)            $48                $103         +115%
    Monero (XMR)              $78                $144          +85%
    Ripple (XRP)               $0.19               $0.69      +263%
    Stellar (XLM)              $0.020              $0.18      +800%
    IOTA (MIOTA)               $0.91               $0.72       -21%
    ---------------------------------------------------------------
    BTC 200-Week MA          $689             $19,911        +2790%

    Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

    Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

    Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

    Sources:
    Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
    BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap

    on this 22022022 (today's date), I sold all the shitcoins in my dirty multi-coin wallet just to buy more Bitcoin....

  • ImThour
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    February 22, 2022, 01:15:55 PM
    Quote from: AlcoHoDL on February 22, 2022, 11:03:00 AM
    This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

    Coin Name         Value on 21-Aug-2017   Current Value   Change
    ---------------------------------------------------------------
    Bitcoin (BTC)          $4,002             $37,111         +827%
    Bitcoin Cash (BCH)       $600                $283          -53%
    Litecoin (LTC)            $48                $103         +115%
    Monero (XMR)              $78                $144          +85%
    Ripple (XRP)               $0.19               $0.69      +263%
    Stellar (XLM)              $0.020              $0.18      +800%
    IOTA (MIOTA)               $0.91               $0.72       -21%
    ---------------------------------------------------------------
    BTC 200-Week MA          $689             $19,911        +2790%

    Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

    Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

    Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

    Sources:
    Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
    BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap
    Didn't added the biggest competitor of BTC in this list. I don't get it.

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    February 22, 2022, 01:18:42 PM
    Quote from: ImThour on February 22, 2022, 01:15:55 PM
    Quote from: AlcoHoDL on February 22, 2022, 11:03:00 AM
    This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

    Coin Name         Value on 21-Aug-2017   Current Value   Change
    ---------------------------------------------------------------
    Bitcoin (BTC)          $4,002             $37,111         +827%
    Bitcoin Cash (BCH)       $600                $283          -53%
    Litecoin (LTC)            $48                $103         +115%
    Monero (XMR)              $78                $144          +85%
    Ripple (XRP)               $0.19               $0.69      +263%
    Stellar (XLM)              $0.020              $0.18      +800%
    IOTA (MIOTA)               $0.91               $0.72       -21%
    ---------------------------------------------------------------
    BTC 200-Week MA          $689             $19,911        +2790%

    Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

    Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

    Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

    Sources:
    Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
    BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap
    Didn't added the biggest competitor of BTC in this list. I don't get it.

    This part tells you why:

    Quote
    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene.

  • ImThour
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    February 22, 2022, 01:31:54 PM
    Last edit: February 22, 2022, 01:57:38 PM by ImThour
    Quote from: cAPSLOCK on February 22, 2022, 01:18:42 PM
    Quote from: ImThour on February 22, 2022, 01:15:55 PM
    Quote from: AlcoHoDL on February 22, 2022, 11:03:00 AM
    This is a BTC-only thread, and rightly so. But it's interesting to compare and contrast Bitcoin's performance against other cryptocurrencies (a.k.a. shitcoins), so that those who are still attracted to them can see sense and go back to King Daddy Bitcoin.

    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene. Right after the BCH fork (late 2017, about 4.5 years ago), I decided to sell everything non-BTC I owned and convert them all to BTC. I won't mention the amounts I owned (irrelevant to the analysis), but just spot prices then and now. On to the numbers...

    Coin Name         Value on 21-Aug-2017   Current Value   Change
    ---------------------------------------------------------------
    Bitcoin (BTC)          $4,002             $37,111         +827%
    Bitcoin Cash (BCH)       $600                $283          -53%
    Litecoin (LTC)            $48                $103         +115%
    Monero (XMR)              $78                $144          +85%
    Ripple (XRP)               $0.19               $0.69      +263%
    Stellar (XLM)              $0.020              $0.18      +800%
    IOTA (MIOTA)               $0.91               $0.72       -21%
    ---------------------------------------------------------------
    BTC 200-Week MA          $689             $19,911        +2790%

    Of all the coins listed above, Bitcoin (BTC) is the clear winner, even now, during a relatively large dip. Only Stellar (XLM) shows comparable spot price performance, but that is solely due to the special circumstances around this shitcoin (extremely low starting price, virtually no prior activity, a divide-by-zero case), and is unlikely to be repeated in the future — a clear outlier. The winning case for Bitcoin is also clearly revealed by observing the 200-Week Moving Average indicator, which has increased by a whopping 2790% (almost a 30x gain).

    Once more, Bitcoin has proven to be the clear, undisputed winner, even at times of large dips, such as the one we're currently going through.

    Lesson learned: Stick with Bitcoin, get rid of all shitcoins littering your stash, convert to BTC & HoDL.

    Sources:
    Spot prices: CoinMarketCap — Cryptocurrency Market Capitalizations
    BTC 200-Week MA: LookIntoBitcoin — 200 Week Moving Average Heatmap
    Didn't added the biggest competitor of BTC in this list. I don't get it.

    This part tells you why:

    Quote
    The recent comments on BCH/BSV prompted me to do a performance comparison of Bitcoin vs. a few shitcoins I owned in my early years in the scene.
    I mean that makes sense however I would love to see how ETH performed vs BTC in the same time period.

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    what is this "brake pedal" you speak of?


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    February 22, 2022, 01:34:50 PM
    Quote from: ImThour on February 22, 2022, 01:31:54 PM
    however I would love to see how ETH performed vs BTC in the same time period.

    oh man thems are trigger words

    batslap in 3.. 2..

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    February 22, 2022, 01:37:00 PM
    Jay.....? Jaaayyyyyy?
    There's someone here who needs a chat with you...

    popcorn.gif

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    February 22, 2022, 01:55:18 PM
    Merited by El duderino_ (3), ImThour (3)
    Quote from: ImThour on February 22, 2022, 01:50:39 PM
    I would love to see how ETH performed vs BTC in the same time period.

    21.08.2017 ETH/BTC 0,074

    22.02.2022 ETH/BTC 0,069

    ETH lost value compared to BTC.

  • ImThour
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    February 22, 2022, 01:56:39 PM
    Merited by AlcoHoDL (1)
    Quote from: Wexlike on February 22, 2022, 01:55:18 PM
    Quote from: ImThour on February 22, 2022, 01:50:39 PM
    I would love to see how ETH performed vs BTC in the same time period.

    21.08.2017 ETH/BTC 0,074

    22.02.2022 ETH/BTC 0,069

    ETH lost value compared to BTC.
    That's what I was asking for, cheers.

    OR In cAPSLOCK's format:

    Coin Name         Value on 21-Aug-2017   Current Value   Change
    ---------------------------------------------------------------
    Bitcoin (BTC)          $4,002             $37,111         +827%
    Ethereum (ETH)      $323                $2,615           +709%

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    February 22, 2022, 02:01:22 PM

    Explanation

  • ivomm
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    February 22, 2022, 02:14:01 PM
    Last edit: February 22, 2022, 02:43:13 PM by ivomm
    Merited by El duderino_ (3), JayJuanGee (1)
    Today @Grayscale announced the launch of a new public campaign to encourage American investors to submit comments on our application with the SEC to convert $GBTC to a Spot Bitcoin ETF.
    The page includes directions on how to submit comments to the SEC, and additional information about what an ETF conversion would mean for $GBTC.
    We invite you to share your perspectives with the SEC and make your voices heard!
    http://grayscale.com/comment/
    https://twitter.com/Sonnenshein/status/1496107898933583872

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    February 22, 2022, 02:29:47 PM
    Last edit: February 22, 2022, 03:49:57 PM by Torque
    Merited by BitcoinBunny (3), cAPSLOCK (2), JayJuanGee (1)
    To all you boys and girls feeling bearish about Bitcoin rn, just remember...

    The SEC didn't rush a shit ton of Bitcoin ETFs to all be approved in Nov-Dec 2021, just to have their wealthy establishment buddies invest in them just to LOSE money.

    That's not how the Wall Street Richie Rich Club works. Ya' know, the one we're not a part of.

    There is a reason for everything the SEC does. The insiders ALWAYS know what's coming ahead of the public by at least 6-12 months. Always.

    The stonk market is getting closer to having this silly war thing in the Ukraine all priced in, the war they have been planning for a year or more. Then no more downity, only uppity.

    Now put your big boy pants (or big girl panties) on and quit whining. Now is a great time to buy more btc.

    #HODL #BUYMOARBTC

    Also, look over here! (at the Ukraine BS), don't look over there (at the China property market continuing to implode):

    https://finance.yahoo.com/news/crisis-china-property-industry-deepens-084525884.html

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    February 22, 2022, 03:01:27 PM

    Explanation

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    February 22, 2022, 03:16:27 PM
    Merited by cAPSLOCK (1), Torque (1)
    I don't want to risk waxing prophetic or anything, but I just wanted to remind some of you folk, that I will actually be in a position to handle a pasture of real, live bulls, in about thirty days, so, put that in your pipe and smoke it kinda deal... i guess...

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    February 22, 2022, 04:01:22 PM

    Explanation

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    February 22, 2022, 04:14:28 PM
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    Quote from: BobLawblaw on February 22, 2022, 03:16:27 PM
    I don't want to risk waxing prophetic or anything, but I just wanted to remind some of you folk, that I will actually be in a position to handle a pasture of real, live bulls, in about thirty days, so, put that in your pipe and smoke it kinda deal... i guess...

    Teacher, what must I do to have eternal life?

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    February 22, 2022, 04:22:25 PM
    Merited by El duderino_ (3), vapourminer (1), cAPSLOCK (1)
    Palpable tension
    words about shitirium
    wait for the batslap




    #haiku

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    February 22, 2022, 04:44:01 PM
    Quote from: Torque on February 22, 2022, 02:29:47 PM
    The SEC didn't rush a shit ton of Bitcoin ETFs to all be approved in Nov-Dec 2021, just to have their wealthy establishment buddies invest in them just to LOSE money.


    The whole post is good.  But that line is particularly good to remember.

    The scenario I keep fearing happening is this:

    The "enemies" of the USA begin to lean into bitcoin thereby threatening the USD.
    This is compounded by war springing up in various places.
    Biden signs a very anti bitcoin EO, possibly as a surprise.

    But the above really does sort of decrease the chances of that.

    At the same time there is the current action being done in various WEF influenced western democracies as they shift even further into totalitarian lockdowns (Canada, NZ, Australia, and so on).  I would GUESS these folks do not like Bitcoin very much either as I think it threatens their systems.

    In the past I would have discounted this heavily.  But under the current circumstances these people are showing the world that they have WAY more power than I used to think...

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    February 22, 2022, 05:01:22 PM

    Explanation

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    February 22, 2022, 05:03:19 PM
    Merited by JayJuanGee (1), cAPSLOCK (1)
    Quote from: cAPSLOCK on February 22, 2022, 04:14:28 PM
    Quote from: BobLawblaw on February 22, 2022, 03:16:27 PM
    I don't want to risk waxing prophetic or anything, but I just wanted to remind some of you folk, that I will actually be in a position to handle a pasture of real, live bulls, in about thirty days, so, put that in your pipe and smoke it kinda deal... i guess...

    Teacher, what must I do to have eternal life?

    Do not commit any of the 10 sins of Bitcoin

    1.  You shall not sell Bitcoin.
    2.  You shall not commit shitcoinery.
    3.  You shall not steal
    4.  You shall not bear false witness against Bitcoin.
    5.  You shall not covet your neighbor’s coins.
    6.  Honor Blockchain and Satoshi Nakamoto
    7.  You shall not take the name of Bitcoin in vain.
    8.  You shall not trade false coins.
    9.  You shall have no other coins before Bitcoin.
    10. Only accept Bitcoin as your money.
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