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

[Torque]

Perhaps old news, but good article.

https://decrypt.co/55120/value-investor-bill-miller-buys-microstrategy-debt-for-the-bitcoin

[1714795197]

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[1714795197]

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[Arriemoller]

Feels as if we are ready to test new highs. I’m calling new ATH within 2 weeks, who’s with me? Beers are exhausted, we’re within touching distance of $50,000. The correction to $43,300 is already greatly recovered, weak hands are shaken & it’s time to restart the pump engine.

 You must pace yourself young Padawan.  I still have several beers in the fridge.

Too late for patience my comrade. I am up to my nuts in sats.

And you also totally missed that you misspelled "bears".  You know, Beers are in the fridge, bears are in the woods.

[philipma1957]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

Ehi! I struggled a few weeks to get past 5k and nobody setup a merit post for this! /j
I am little short on my merit stash, sent all I have to Arrie.

serveia.com now has 500

soliton now has 240

[bkbirge]

Perhaps old news, but good article.

https://decrypt.co/55120/value-investor-bill-miller-buys-microstrategy-debt-for-the-bitcoin

Cool article thanks for sharing, out of merit but it's worth some. The tagline quote at the end is glorious...

Miller isn’t concerned: “Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true.”

[Torque]

When wealthy normies stop scoffing at Bitcoin, pull their head out of their ass, and start paying real attention:


https://twitter.com/DanielSLoeb1/status/1366363034927722501

[Arriemoller]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

It's very nice of you to think of me, but please, don't waste any merits on me just to make me level up.
I have been here since 2013 and I have no merit ego to feed, I'm quite happy where I am, and also, Legendary accounts are more prone to hacking/hijacking, give the merits to some deserving n00b that needs to level up instead.
And for gods sake, don't merit this post you idiots.

[lightfoot]

The guy stood up and asked me to hold his briefcase while he put on his jacket. I held it with both hands while he put it on. Then I put my hand back in my pocket and walked immediately across the street straight to the police station to make sure I didn't get jumped. Next to the police station was where my car was parked so I hurried to my car, took an alternative route home and finally made it to my apartment. When I took the money out to count it again I noticed that they all had big letters across them "VOID". Fake bills that you would buy on a tour of the currency printer. All of them.

Yep, that's a classic short con, the switch only takes a fraction of a second. And yes you would have had the heavy dropped on you if they couldn't make the exchange, there was no way you were getting out of there with "their" money. So yeah, the localbitcoins is ripe for this kind of robbery which means you really can't do more than a K or two (not worth clunking someone).

[philipma1957]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

Ehi! I struggled a few weeks to get past 5k and nobody setup a merit post for this! /j
I am little short on my merit stash, sent all I have to Arrie.

serveia.com now has 500

soliton now has 240

and Arriemoller now has 986

[lightfoot]

And for gods sake, don't merit this post you idiots.

Must.... merit... post!!

[serveria.com]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

It's very nice of you to think of me, but please, don't waste any merits on me just to make me level up.
I have been here since 2013 and I have no merit ego to feed, I'm quite happy where I am, and also, Legendary accounts are more prone to hacking/hijacking, give the merits to some deserving n00b that needs to level up instead.
And for gods sake, don't merit this post you idiots.

Sorry, can't help myself. I'm a complete degenerate. 

[serveria.com]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

Ehi! I struggled a few weeks to get past 5k and nobody setup a merit post for this! /j
I am little short on my merit stash, sent all I have to Arrie.

Only 2 left, sent to serveria completely at random, no special treatment ergo: #nohomo

Thanks, man! I love you #nohomo 

[savetherainforest]

Hmmmm..... 50K the new 10K??    

[Elwar]

Elwar, say it aint so?

... sold out bulls have made the worst trolls.

... hoping he hasn't go full fiat ... never go full fiat/retarded



... fiat is a mental illness, a brain cage to enslave you to the beastly system

No man, I found this great new token that's going to be the next Bitcoin but shinier. It will have longer addresses and there will be MORE coins. Only 90% pre-mine with trillions of coins remaining.

This is going to be HUGE!

Merdecoin...it's the future!

[Arriemoller]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

It's very nice of you to think of me, but please, don't waste any merits on me just to make me level up.
I have been here since 2013 and I have no merit ego to feed, I'm quite happy where I am, and also, Legendary accounts are more prone to hacking/hijacking, give the merits to some deserving n00b that needs to level up instead.
And for gods sake, don't merit this post you idiots.

Oh you ididots.  

[savetherainforest]

There can be only one.

that makes no sense.... his face doesn't respect the Fibonacci 'Golden Ratio'. The balls on his chin are too small. !!!    

[AlcoHoDL]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

It's very nice of you to think of me, but please, don't waste any merits on me just to make me level up.
I have been here since 2013 and I have no merit ego to feed, I'm quite happy where I am, and also, Legendary accounts are more prone to hacking/hijacking, give the merits to some deserving n00b that needs to level up instead.
And for gods sake, don't merit this post you idiots.

I fully agree with you on this. Merit should be given based on post content, not just to help someone level up.

+1 from me. 

[LFC_Bitcoin]

Not sure if you guys knew of TECSHARE on the forum?
https://bitcointalk.org/index.php?action=profile;u=15728

Sadly it appears he has passed away. If you’d like to leave some kind words or memories about him the link below is the place to do it.

https://bitcointalk.org/index.php?topic=5319417.msg56470441#msg56470441

[xhomerx10]

Elwar, say it aint so?

... sold out bulls have made the worst trolls.

... hoping he hasn't go full fiat ... never go full fiat/retarded



... fiat is a mental illness, a brain cage to enslave you to the beastly system

No man, I found this great new token that's going to be the next Bitcoin but shinier. It will have longer addresses and there will be MORE coins. Only 90% pre-mine with trillions of coins remaining.

This is going to be HUGE!

Merdecoin...it's the future!

I want in!!

[serveria.com]

JayJuanGee, LFC_Bitcoin, philipma1957, fillippone, xhomerx10 ... Friends, if someone has a couple of extra merits, please read the history of messages below the presented persons, as they are on the verge of a new rank. and, if your generosity knows no bounds, feel free to send merit to El duderino_, as the 5,000 merit threshold is no joke.

Let me know if I forgot to mention anyone.

serveria.com [19 16 Merit up to Hero]: https://bitcointalk.org/index.php?action=profile;u=1226849
soliton [16 Merit up to Sr. Member]: https://bitcointalk.org/index.php?action=profile;u=1123319
Arriemoller [46 27 Merit up to Legendary]: https://bitcointalk.org/index.php?action=profile;u=159292

Ehi! I struggled a few weeks to get past 5k and nobody setup a merit post for this! /j
I am little short on my merit stash, sent all I have to Arrie.

serveia.com now has 500

soliton now has 240

Thanks, Phil, I appreciate. Never been a merit whore and I get my merits almost exclusively by posting in this thread. Thanks!  

[Torque]

IF someone want to read the whole report of Bitcoin from citi.

https://ir.citi.com/peFJTnzeEoMSIAEFlwH12VeM5d%2BCckWNrsO9lxpmyWezrz5V%2Bx%2FfRvm0gv6cWRpDHGWtIk7sTME%3D

I read/skimmed the whole paper.

Section 5, the last section, that outlines "concerns moving forward" had a doozy right off the bat, very fucking telling about institutional investors:

Capital Efficiency:
One of the concerns that came up most frequently in the interviews we conducted with industry participants was frustration about the lack of capital efficiency in the way both Bitcoin and other cryptocurrencies are utilized. All of the trading and financing occurring with these cryptocurrencies is pre-funded and often over collateralized. For institutional investors, this means their capital would be effectively locked up. There is no unsecured financing available. Leverage in the system is limited and operates more like a Reg T margin account where participants can only lever their direct account holdings by 100% and no more. At best, a wallet with 10 Bitcoin valued at $40,000 each ($400,000) would only be able to have lending lines equivalent to $800,000 (200% gross) and they would need to leave the $400,000 of Bitcoin they actually own with the entity loaning them the $800,000 as collateral — further reducing their actual leverage.  Many institutional investors seek much higher velocity of leverage on their money, often putting down as little as 10% in certain investments in order to have access to a much larger exposure.

No 'unsecured financing' available? Capital locked up? Not enough leverage? Oh the horror! Boo hoo!

These fucking greedy, corrupt, sons of bitches... I swear.