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

[d_eddie]

What's the big deal with the 60K number? There is nothing special about it, in my opinion.
Not sure why all these up-down moves around that particular value.

Probably whales accumulating in the $57,000 - $59,000 range. Extremely low volume atm so it’s easy scalping.
It works well........until it doesn’t.

We’ll leave $60,000 in the rear view mirror like all other resistances before it.

Yeah, Saylor just bought another healthy chunk over 59k... 60k can't resist much longer if you ask me.


EDIT

why don't they start with lowering their FAT fees to 0.5% or less (from 2.5%)
2.5% fees are ridiculous for 38bil in btc.
Barry got too complacent and got hit with a negative premium.

They'll have to. Once the floodgates of ETFs are open, it will be competition to the penny on premiums. In such a context, I reckon 0.5% would be still a bit on the expensive side.

[1715352662]

1715352662

[1715352662]

1715352662

[shahzadafzal]

Another clue look closely

Pairi Daiza?

Seriously man??

[El duderino_]

^
Didn’t saw you calling it correct though

[BitcoinGirl.Club]

Elephant!!! 😂

[friends1980]

Another clue look closely

Pairi Daiza?

Seriously man??

Not sure but if I had to take a guess, I'd say a bull or a bear.

[BitcoinBunny]

Another clue look closely

Pairi Daiza?

Seriously man??

I'm sure I've seen that type of animal used in American politics as a logo. I'd say donkey.

It's either that or it's a Bitcoin humpback whale.

[Kylapoiss]

It's a bitcoin bear who is unable to gain anymore power.

[cAPSLOCK]

Already posted?

https://twitter.com/vikrantnyc/status/1378829801159585793



FWIW, I do not know lot's about Vik Sharma, but I believe he is the developer of the Cake Wallet (Monero) and is considered a fairly reliable, in the know, sort of person... Not likely he would make up stuff like this...

PPS.  Hmm... he is also the person who predicted Oracle was coming in a while back.. so nevermind... probably just baseless rumors.  But I am leaving it for conversation value.

[shahzadafzal]

Elephant!!! 😂

Not sure but if I had to take a guess, I'd say a bull or a bear.

I'm sure I've seen that type of animal used in American politics as a logo. I'd say donkey.

It's either that or it's a Bitcoin humpback whale.

It's a bitcoin bear who is unable to gain anymore power.

Oh boy.... it was just a sarcasm...
because i felt that El duderino_ already gave all the oblivious hints...

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

[lightfoot]

There was a time where 59k would be the most incredible thing ever. However after the past few weeks it's been kinda....

[Biodom]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

[Hueristic]

Elephant!!! 😂

https://www.youtube.com/watch?v=6dLxtIImtFU&t=8s

A Frog?

[LFC_Bitcoin]

@RD_btc
Yup BTC

https://twitter.com/rd_btc/status/1379162725843136519?s=21

[soullyG]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

100%, I think eventually we will see secure, trustless DeFi of some description integrated into Bitcorn in one fashion or other. I for one would be happy if we could gain the power of smart contracts, ZK rollups etc (the most useful parts of the shitcoin casino) without sacrificing the security, trustlessness and permissionless nature of Bitcoin. There are some really promising projects in development at the moment that I won't go into further, but I encourage all to be open minded.

In my eyes this is possibly the most maximalist viewpoint you can have, the idea that in the end Bitcoin will absorb any improvements from other chains/coins that are truly useful, thereby rendering all other versions a crappy "imitation" even if they were the originators of the upgrade!

[d_eddie]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

How can you actually lend bitcoin and keep valid keys? This is unclear. The devil is in the details, of course. If it sounds too good to be true, it probably isn't, not your keys not your coins etc. But now that's it's "temporarily not your coins", does it imply "temporarily not your keys"?

IOW: This sounds really sweet, but we do need more details about Robin, even if it should cause a few Batman slaps 

[El duderino_]

[AlcoHoDL]

[...]

Main theme: You still have keys to your btc, but able to lend it out.

Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.


Edit:

WOers: just try to be extra careful in what you believe out there. Now that Bitcoin is slowly but noticeably gaining the recognition it deserves, and its price is approaching $100k/BTC, there will be loads of "profit schemes" (this reminds me of something) appearing like mushrooms, to tempt you into giving custody of your BTC to them, so that you can "earn interest" by lending your coins out. So, you could end up handing over your precious keys to some website that promises 10% interest or other tempting offer, and at some point you won't be able to log-in, and then you'll know your coins are gone! Don't be greedy. Bitcoin's price has risen so much over the years, and will continue to get even higher, up to $millions/BTC. What more do you want? Does an extra 10% gain on your stash really justify handing over your keys? Fuck NO!

Don't be a fool.
Don't be a weak hand.
Don't mindrust your stash away.
Just HoDL.

[BitcoinGirl.Club]

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂

[Biodom]

[...]

Main theme: You still have keys to your btc, but able to lend it out.

Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.

Believe me, I am skeptical myself and so far never lend out any, but you can call me curios since there is no tax event, no wrapping and no cough-eth-cough involved.
Here is what that head honcho says (scroll down to especially 6-9 in the thread)...and don't shoot the messenger:
https://twitter.com/muneeb

my guess would be that most risk would be that btc price growth might exceed the posted collateral. If so, this might be a weakness.
Is that head honcho trustworthy himself? Remains to be seen, but they were associated with George Gilder afaik.

[AlcoHoDL]

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂

Naah. It's an elephANT!