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

[Biodom]

I don't think that a typical person can make much on a consistent basis (over decades) while frequently trading.
You can have a great couple of years, then terrible few years if you trade a significant % of your portfolio often.
For myself, I learned it the hard way, so don't even try frequent trading.

Right now, I mostly think about the opposite idea: what is the best divestment strategy.
There is a relatively new movement: "Leave with zero". It is an intriguing concept.
It could be as challenging intellectually to divest yourself properly while living an interesting life as during the accumulation of assets.
Everything has to be done like a ballet of divesting movements, which could be direct donations to people you love, to charities, causes, projected spending on medical bills, etc.
Your assets value might resemble a curve gently bending toward zero, but never touching it.
A difficult feat to pull off properly, too many ifs and buts, like the current calamity.

[HairyMaclairy]

Or you could just build intergenerational wealth

[Krubster]

...if joe007 is here, then I don't know who it is, but I have some ideas, which are probably wrong.

the funny thing is..with all this anonymity you never know who is the whale and who is the minnow, unless they both spell it out, which most people here don't.

Joe007 ragequit Twitter about the same time as roach stopped posting here.

[Biodom]

Or you could just build intergenerational wealth

...mentioned loved one's...but not interested in any dynasties, which turn to crap after a couple gen.

[Millionero]

We're currently  on our 8th green weekly candle. The last time was April-June 2019 and before that was September-November 2015, after we double bottomed off $200.

Bitcoincharts.com shows the April 6 weekly candle green on Kraken, but red by just a few dollars on Bitstamp.

[Toxic2040]

re: wall report

It has come to the attention of the High Command that there could be some talk in the general rank and file about not fully disclosing the extent of the current war effort and more importantly not clearly stating objectives. After war gaming countless scenarios the High Command has concluded that victory is a near certainty and that it is just a matter of which time frame our efforts for phase 2 operations can conclude.

That having been decided..High Command has de-classified this battle plan to be disseminated to all wall personnel immediately. Do your part, follow color coding and practice safe social distancing during an emergency.

 That is all.

[Syke]

Nice setup, but you need to cool the coil.

[bitebits]

Investor Letter, Paul Tudor Jones, May 2020
https://www.scribd.com/document/460382154/May-2020-BVI-Letter-Macro-Outlook

We have set initial maximum exposure for purchasing Bitcoin futures to a low single digit % of Tudor BVI’s net assets.

https://twitter.com/krugermacro/status/1258780503416733696

Back of the envelope analysis of Tudor's bitcoin position.

. News of $2T US fiscal package: Mar/21 (Kudlow)
. Fed announces unlimited QE: Mar/23

=> Assume Tudor started buying a few days later: Mar/25

That's exactly when CME open interest started to spike.

[VB1001]

After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.

https://twitter.com/danheld/status/1258743627280506885

[Cryptotourist]

Joe007 ragequit Twitter about the same time as roach stopped posting here.

Joe007 quit twitter on the 7th of May, according to the article.
r0ach found love on the 14th of February, relayed, and is probably still here.
It's just another account bro.

JÆ and the sock puppets, are definitely still here.

[El duderino_]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

[JSRAW]

After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.

https://twitter.com/danheld/status/1258743627280506885

Gold inflation line seems flat here..

[bitebits]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

[Tash]

After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.

https://twitter.com/danheld/status/1258743627280506885

Several wrongs.
Bitcoin does not inflate, fixed to 21M
Gold inflates by about 1.4% give or take depending on data used.
In 2 days time Bitcoin will have a new coin supply rate of about 1.6% on average for the next 4 years well below dollars average of 2.3% inflation

[Globb0]

https://twitter.com/DrEricDing/status/1258413222039891968?s=20

Good morning. Since we dislike Murder Hornets for mass killing bees, hope this is satisfying if you are out of coffee.

WTF BRO HE RIPTS HIS HEAD WHEN HE IS STILL ALIVE

Damn nature at is finest!

Sick flipping mantis eating brains. Here comes Hornetflu we are doomed

[HairyMaclairy]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

Use maker taker

If you are not the maker, you are doing it wrong

[bitebits]

Use maker taker

If you are not the maker, you are doing it wrong

You need to be a day trader to take advantage of that. And even if you generate volume, it can’t be compared to nowadays stock market close to zero trading fees.

https://pro.coinbase.com/fees

Fee Structure 30-day volume
PRICING TIER

TAKER FEE
MAKER FEE
Up to $10k
0.50%
0.50%

$10k - $50k
0.35%
0.35%

[Cryptotourist]

Who would have thought r0achie to be a BTC whale.
Makes sense, he wanted cheap coins.
Now that there are no more cheap coins, gone. For now.

Btw Lambie was right. About the shorts.

Gotta thank the J-team for bringing this up, and making the connection.
It also makes sense.
Only makes me wonder with which account(s) he is still lurking.

TLDR: Joe turned bullish, his bags are full.

[Globb0]

Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

Or someone with 47,838 BTC

https://twitter.com/btcblockbot/status/1258928726475243520?s=21

[HairyMaclairy]

BitMEX Fees
Trading fees are 0.075% of the total order value for takers, but makers get paid 0.025% for making trades.