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

[JimboToronto]

Good morning Bitcoinland.

Still bouncing in the $3xxxx range but a little higher with each bounce... currently $44840USD/$44333CAD (Bitcoinaverage).

Looks like last week's bear trap is almost closed. Just another little $1k ant step more.

Go Bitcoin go.

[1714250129]

1714250129

[1714250129]

1714250129

[BobLawblaw]

https://ir.marathonpg.com/press-releases/detail/1224/marathon-invests-150-million-in-bitcoin

LAS VEGAS, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that it has purchased 4,812.66 BTC in an aggregate purchase price of $150 million. As a result, the Company has strengthened its position as one of the only Nasdaq-listed, pure-play investment options for individuals and institutions seeking exposure to Bitcoin.

[aesma]

Imagine investing in such a company to get "exposure to Bitcoin" then in some years when BTC is worth much more and you feel like a millionaire, you realize the company was a ponzi and there is no BTC left.

[Sayeds56]

Good morning Bitcoinland.

Still bouncing in the $3xxxx range but a little higher with each bounce... currently $44840USD/$44333CAD (Bitcoinaverage).

Looks like last week's bear trap is almost closed. Just another little $1k ant step more.

Go Bitcoin go.

4 Hrs candle is green and price of BTC is above 50 SMA which is a good sign. Grayscale should buy more BTC to pump it to new highs.

[Wekkel]

Imagine investing in such a company to get "exposure to Bitcoin" then in some years when BTC is worth much more and you feel like a millionaire, you realize the company was a ponzi and there is no BTC left.

I think BTC proceeds will eventually result in share buy backs: managers happy and shareholders happy. Bitcoin price should not suffer that much if the sales are spread out and the Bitcoin market has grown much bigger.

[Mikal Sailer]

Just about to buy another 40,000BTC. I’m sending this shit to $82,000 on my own. Barry Silbert ain’t got shit on me.
I’m gonna set up the $100,000 party on Bob’s ranch. Hookers & blow, no JJG though, dancing fag.
Off to do Chad shit, see ya’ll soon.

[AlcoHoDL]

Imagine investing in such a company to get "exposure to Bitcoin" then in some years when BTC is worth much more and you feel like a millionaire, you realize the company was a ponzi and there is no BTC left.

Not your keys, not your Bitcoin.

Bitcoin investment companies (like Grayscale) are good for Bitcoin, but not suitable for those who are Bitcoin-literate enough to really own their coins (that's us). Why would any one of us use their services, when we are perfectly capable of actually owning (a.k.a. holding the keys to) Bitcoin and being our own bank? These companies can help the Bitcoin-illiterate investors have some skin in the game and reap some of the profits. All the better for everyone (and our keys are secure, while we reap all the profits). Win-win.

[serveria.com]

Good morning Bitcoinland.

Still bouncing in the $3xxxx range but a little higher with each bounce... currently $44840USD/$44333CAD (Bitcoinaverage).

Looks like last week's bear trap is almost closed. Just another little $1k ant step more.

Go Bitcoin go.

4 Hrs candle is green and price of BTC is above 50 SMA which is a good sign. Grayscale should buy more BTC to pump it to new highs.

Or better: "Tesla buying BTC" or "Amazon stock gets denominated in BTC" that would be uberbullish!  

[serveria.com]

Banksters spreading FUD: https://www.marketwatch.com/story/investors-think-theres-more-chance-tesla-and-bitcoin-will-halve-than-double-warns-deutsche-bank-11611058312   

[AlcoHoDL]

Banksters spreading FUD: https://www.marketwatch.com/story/investors-think-theres-more-chance-tesla-and-bitcoin-will-halve-than-double-warns-deutsche-bank-11611058312  

Yeah, yeah... I bet they would have responded the same in 2015 or 2016, and look where we are now... In fact, just go out on the street and ask the first 100 passers-by. Even screen them for a university degree at the minimum. I bet 95% would answer that it's going to zero.

Same if you had asked them about the internet in the 80s.

More quality meme material in the making. WO will be flooded when Bitcoin hits $100k in a few months.

[Karartma1]

Banksters spreading FUD: https://www.marketwatch.com/story/investors-think-theres-more-chance-tesla-and-bitcoin-will-halve-than-double-warns-deutsche-bank-11611058312  

I will reply with this

[600watt]

Banksters spreading FUD: https://www.marketwatch.com/story/investors-think-theres-more-chance-tesla-and-bitcoin-will-halve-than-double-warns-deutsche-bank-11611058312  

Yeah, yeah... I bet they would have responded the same in 2015 or 2016, and look where we are now... In fact, just go out on the street and ask the first 100 passers-by. Even screen them for a university degree at the minimum. I bet 95% would answer that it's going to zero.

Same if you had asked them about the internet in the 80s.

More quality meme material in the making. WO will be flooded when Bitcoin hits $100k in a few months.

DB stock went from almost €100 to currently €8. bleeding for more than a decade. binance makes more profit. imho it is safe to say that chances that DB shares will double are way smaller than the chances it goes to zero... 


they did hire a bitcoin podcaster (board level i think) though.

[Dabs]

Imagine investing in such a company to get "exposure to Bitcoin" then in some years when BTC is worth much more and you feel like a millionaire, you realize the company was a ponzi and there is no BTC left.

Not your keys, not your Bitcoin.

Bitcoin investment companies (like Grayscale) are good for Bitcoin, but not suitable for those who are Bitcoin-literate enough to really own their coins (that's us). Why would any one of us use their services, when we are perfectly capable of actually owning (a.k.a. holding the keys to) Bitcoin and being our own bank? These companies can help the Bitcoin-illiterate investors have some skin in the game and reap some of the profits. All the better for everyone (and our keys are secure, while we reap all the profits). Win-win.

There are a few reasons, such as having exposure in your registered tax-sheltered government/bank retirement/savings accounts like IRA, ROTHs (for US), RRSP, TFSA (for Canadians), and whatever equivalent for other countries.

You'll want some in both self-custody (your keys, your coins) as well as on insured custodial ETF/stocks.

It's also a way to legitimately increase the contribution rooms in such types of accounts. You'll get taxed the usual way, or not taxed, depending on the type.

[Torque]

Banksters spreading FUD: https://www.marketwatch.com/story/investors-think-theres-more-chance-tesla-and-bitcoin-will-halve-than-double-warns-deutsche-bank-11611058312   

The same financial rags claim that Bitcoin is also the most crowded long trade, not the most shorted. If traders truly thought it would halve from here, they'd be majorly leveraged short.

Nothing to see but FUD here, move along...

[JimboToronto]

More quality meme material in the making. WO will be flooded when Bitcoin hits $100k in a few months.

You mean like this?



I guess I should stick a BTC logo over the circle.

[True Myth]

Since this bull run has started we've spent a maximum of 12 days below the main channel before reentering.  The last time we floated around below the main channel we moved back up in within 4 days.  Current price movement puts us entering back into the main channel today or tomorrow.

[Dabs]

More quality meme material in the making. WO will be flooded when Bitcoin hits $100k in a few months.

You mean like this?



I guess I should stick a BTC logo over the circle.

I'm looking for anything that could represent bitcoin "certificates" or bills or something, some sort of design or artwork for paper wallets. There have been a few but none I really like. Something like "bearer certificate", that somehow conveys the importance or value of the paper other than just saying these are the keys to corn worth a xx dollars.

It is just for cosmetic purposes as a true paper / metal wallet is simply just the seed words or the private key on it.

[AlcoHoDL]

More quality meme material in the making. WO will be flooded when Bitcoin hits $100k in a few months.

You mean like this?



I guess I should stick a BTC logo over the circle.

Wow! I was not aware that such a bill existed! Good for brrrrrrrrrr... Should save some paper. But no, it's based on gold, and they don't like that.

More rare banknotes and backstory.

[friends1980]

(...)

Hurts to know these peaks
Will be the closest we'll get
To the Alps this year

#nohomo #noskiing

[Torque]

OT: Wow...just look at stonks like Gamestop and Blackberry.

Ridiculous pump and dumps everywhere.