Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Cryptotourist]

Do you guys observe anything else?
It is a very strange day outside of BTC (some alts are going positively crazy).
Anybody has a rationale?

Noticed Dash earlier on, but hey, look at that Shit Vision coin.

#

Congrats to the lucky sellers of BSV at 0.24 BTC on BFX!

Wrong thread asshole.

[1675088828]

1675088828

[infofront]

Finally broke out of my downward channel lines just now..

End to the bear for a while now?
$10k in 2 months?

Try $10K in 2 days. This is bitcoin, man.

[kurious]

Observing Bitstamp is some $20-$30 higher than Bitfinex.

That doesn't usually happen.

I have been watching it too, more like $50-$60 now.

Bullstamp.

[JayJuanGee]

CME did more BTC Options volume on Day 1 than Bakkt did today.
RIP Bakkt
Hardly knew you

Tiny bit early to judge, nonetheless gutting for Rekkt Bakkt

Bakkt trades options eventually settling into real Bitcoins.
CME   trades options eventually settling into shitcoin US Dollars.

Difference is not trivial.

Usual self-promoting ad:
Everything you wanted to know about BTC options but were afraid to ask!

Yeah, but in practice, is it really true?  Are we making a distinction without a difference?

Does BAKKT really have the bitcoins that they proclaim to have?

Surely, you cannot take possession of BAKKT bitcoins, so how do we know that they are NOT full of shit in terms of actually backing their purportedly traded (betted upon) bitcoins with real bitcoins?  We might find out if Bitcoin does an unexpected 10x in the next 6 months.  Would be nice to test out some of these systems, especially if they don't have bitcoins and the proclaim to have them.

good point. although didnt we learn the other day that bakkt isn't 100% settled in btc after all

O.k... sure a bit more succinct... I concede.

aok that was futures
ignore me

Waffling, I see.  I am going to ignore you, per your request.   

[ivomm]

Do you guys observe anything else?
It is a very strange day outside of BTC (some alts are going positively crazy).
Anybody has a rationale?

Noticed Dash earlier on, but hey, look at that Shit Vision coin.

#

Congrats to the lucky sellers of BSV at 0.24 BTC on BFX!

Wrong thread asshole.

I don't know about you, but I am a proud Bitcoin hodler. Perhaps you are referring to yourself and your wankcoin?   

[LFC_Bitcoin]

No stress I was there to catch the retards

But.... will that 10K be long lived .... not ideal for those with tragic accidents etc

I have a feeling we may all have to burn our paper wallets to keep warm after getting stranded in the wilderness & subsequently lose our private keys & coins at the next meet.

[JayJuanGee]

Wow, insane numbers! Thats like 3.33 billion per day to prop up markets while very few understand or care.  This ends poorly.
Run for the exit while its still possible. BTC

Not sustainable, in the long run.

Not sustainable at all. It's like a drug for them; they use it once and just can't stop after that

This 'free' money (sometimes referred to as helicopter money) is manufacturing consent to continue the deep dive into debt from basically anyone who has an investment in anything.  Their greed may result in economic enslavement for generations. The collapse of the US dollar and abandonment of it as world reserve currency is imminent, no?

No.

[OROBTC]

CME did more BTC Options volume on Day 1 than Bakkt did today.
RIP Bakkt
Hardly knew you

Tiny bit early to judge, nonetheless gutting for Rekkt Bakkt

Bakkt trades options eventually settling into real Bitcoins.
CME   trades options eventually settling into shitcoin US Dollars.

Difference is not trivial.

Usual self-promoting ad:
Everything you wanted to know about BTC options but were afraid to ask!

Yeah, but in practice, is it really true?  Are we making a distinction without a difference?

Does BAKKT really have the bitcoins that they proclaim to have?

Surely, you cannot take possession of BAKKT bitcoins, so how do we know that they are NOT full of shit in terms of actually backing their purportedly traded (betted upon) bitcoins with real bitcoins?  We might find out if Bitcoin does an unexpected 10x in the next 6 months.  Would be nice to test out some of these systems, especially if they don't have bitcoins and the proclaim to have them.

good point. although didnt we learn the other day that bakkt isn't 100% settled in btc after all

O.k... sure a bit more succinct... I concede.

This is a good point to get settled once and for all: Whether or not one can get their "physical BTC" from BAKKT, whether there is an option (or not), etc.

Making a paper (electronic?) profit from a good trade at BAKKT (assuming no BTC settlement) still would leave me unsatisfied if I wanted BTC!

Is there a Rule Book easily available for understanding (in non-legalize) what is possible with BAKKT?

Has anyone here actually traded with BAKKT?

Inquiring minds would like to know...

[fillippone]

Wow, insane numbers! Thats like 3.33 billion per day to prop up markets while very few understand or care.  This ends poorly.
Run for the exit while its still possible. BTC

Not sustainable, in the long run.

Not sustainable at all. It's like a drug for them; they use it once and just can't stop after that

This 'free' money (sometimes referred to as helicopter money) is manufacturing consent to continue the deep dive into debt from basically anyone who has an investment in anything.  Their greed may result in economic enslavement for generations. The collapse of the US dollar and abandonment of it as world reserve currency is imminent, no?

No.

Someone hacked JJG account, apparently.

[xhomerx10]

Good afternoon WO!
Observing @ $8,656

Vegeta day?

Haha!
I’m ready

 Such a good feeling

[mladen00]

in 1 month 1 btc will be worth 1 btc!!!!!!!

[JayJuanGee]

Good to see the price coming back.

I've been playing around with the Omni Layer and am fairly impressed. It seems like it was all built up for Mastercoin, then changed to Omni later and a lot of work was put into their web wallet...then everyone moved on to something else.
But fortunately they left some decent code and I can use it.

The plan is to have Ocean Builders credits that are like gift cards toward purchasing a floating home. Then create a new coin for every home built so people can own portions of each home.

Omni also provides a decentralized exchange so people can trade via the wallet with no middle man. All running on the Bitcoin blockchain.

Though we have a guy who works for Ethereum who is coming to join us who will likely be pushing for it all to be on smart contracts. And since he knows a hell of a lot more about it than I do, he will make a very compelling case.

Fortunately all of the owners are big Bitcoin holders so using Bitcoin is an easy sell.

Thus begins the battle of the coins for the future of seasteading.

One pretty sure way to lose your bitcoins - get involved with seasteads.  

Might have to add that to "how I lost my bitcoins" thread.

[LFC_Bitcoin]

Good afternoon WO!
Observing @ $8,656

Vegeta day?

Haha!
I’m ready

 Such a good feeling

homer, you’re too talented. I wish I could do stuff like that

Bravo, Sir!

[OROBTC]

...

ivomm and WO friends

I wouldn't touch it myself either, but I have never seen a coin with a market cap over $1,000,000,000 go up 96% in one day.   I smell a trap.

BTC hodler only.

[rdbase]

Good afternoon WO!
Observing @ $8,656

Vegeta day?

Haha!
I’m ready

 Such a good feeling

The $8750 price was the setting off point for the incoming of $9k.
So we have passed $8850 just moments ago. So the question is within which hour now.

[LFC_Bitcoin]

...

ivomm and WO friends

I wouldn't touch it myself either, but I have never seen a coin with a market cap over $1,000,000,000 go up 96% in one day.   smell a trap.

BTC hodler only.

Fucking hell!

Bitcoin SV (BSV)
£257.05 99.0%

Do you think they’ll dump it & pump it into corn!

[Wekkel]

Good afternoon WO!
Observing @ $8,656

Vegeta day?

Haha!
I’m ready


https://media0.giphy.com/media/OWxTXNt9gqlws/giphy.gif?cid=19f5b51ae5925a3a4618748683664d2fb57df1efef07ddab&rid=giphy.gif

 Such a good feeling

This reminds me of Jet Pac.

[ChuckBuck]

Damn it, it's coming up constantly
Let's wait for this wonderful moment together

[LFC_Bitcoin]

^^

Not on Stamp, it’s not!

[mindrust]

If this manages to go above $10k and break that big triangle I showed earlier, I'll become completely positive about this year. Till that happens, I am %60-70 optimistic.

If it makes a U turn from $10k to $7k... well it is not great.

Great pump keep it up. I did my part today.