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Question: What happens first:
$65,000 - 48 (87.3%)
$48,000 - 7 (12.7%)
Total Voters: 55

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26315927 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
OgNasty
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December 27, 2022, 02:38:10 PM
Merited by goldkingcoiner (1)

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.
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December 27, 2022, 03:01:22 PM


Explanation
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December 27, 2022, 03:11:04 PM

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.

What source for that rumor do you have?
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December 27, 2022, 03:16:56 PM

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.

What source for that rumor do you have?

The rumors are they holding 635,000 BTC



https://twitter.com/whalechart/status/1607457754939289600
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December 27, 2022, 03:30:43 PM
Merited by JayJuanGee (1)

I was analyzing Bitcoin's RSI on Weekly Timeframe.
I noticed something similar happening as compared to 2018.

Down represents when RSI crosses RSI's Moving Average downwards.
Up represents when RSI crosses RSI's Moving Average upwards.

In 2018, there were 5 Down Crosses before bottom was in. After the last down cross, BTC went down 50%.
Currently, 5th Down Cross happened on 5th Dec, 2022. Let's see if Bitcoin follows the similar pattern.

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December 27, 2022, 03:31:49 PM
Merited by Gachapin (1)

You realize that everyone with a phone can tweet rumors, right? So far not a single fact sustaing this isolated FUD from a probably scam account. Grayscale makes insane profits because of the high fees, while its investors have the choice either to hold their shares with the hope of an ETF conversion one day, when they will be able to sell the market price, or to sell now for $8.33 per share, i.e. $8330 per Bitcoin. And this is an internal sale, no actual Bitcoins are sold on the market, except the daily fee in BTC's.
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December 27, 2022, 03:36:13 PM
Merited by infofront (1), Gachapin (1)

The rumors are they holding 635,000 BTC

It is not a rumor that Grayscale has over 600k BTC in its possession, as well as a bunch of altcoins that have allegedly already been dumped or are doing so recently. Anyway, who still believes in some irrelevant Twitter account specializing in FUD, who invites his followers to his Telegram channel where he is obviously trying to sell them some super cool projects?
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December 27, 2022, 04:01:17 PM


Explanation
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December 27, 2022, 05:01:16 PM


Explanation
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December 27, 2022, 05:08:43 PM

Merit begging through reverse psychology.


That reminds me to tell you to:  "go suck a bag of dicks."

Exactly!!!  That's what I had b trying to say.
How about you snowflakes, quote the most important part of that post?
~ because it deflects and distracts attention from the important stuff, empowering scammers.

yea.. whatever.

What do you know with your largely ongoing distracting disinformative spoutings (or should I describe them as whimperings?)?

Sure, the merit system has issues, and sure maybe theymos should be rotating merit sources more (which would be a lot of work, by the way).  It seems to me that the merit system solves more problems than it creates in terms of posting incentives.. so it seems to discourage and make obstacles for shills, spammers and scammers who rank up merely by posting on a regular basis (in spite of content), so the merit system adds an element that each member has to achieve in order to rank up, which is the receipt of merits.. (which surely has some subjective elements and also some potential bias aspects and also maybe gives too much power to merit source members too... ).. but then what would be the solution smartie panties (aka uie-pooie - Antisthenes)? 

Likely there is no real easy solution, and you are complaining about something that is likely NOT even close to as bad as you are making it out to be.. because the merit system does not do what you are even claiming that it does - ie. "deflects and distracts attention from the important stuff, empowering scammers."  That's bullshit.  It does the exact opposite, you dimwit. 

Remember you are looking at shadows on the cave wall, try to find and then move closer to the entrance of the cave, then at least you will start to get closer to the light.   Also, it may be good if you can try to move close enough to the entrance in order that you are able to actually see outside.
How about you remember to: never quote me and never merit me for a change?

How about you remember that you're not the boss of me.  Also, while we are at it, you might as well remember that we are in a public thread too, so if you don't want people to respond to you, you need to figure out some other behaviors (strategies/tactics) that work for uie-pooie rather than posting within such public thread(s)..  Any member can respond to your mostly dip-witted fantastical bullshit to whatever extent that they want to (or that they can make any sense of it?) or to refrain from responding to your tending to be dumb-ass posts at their discretion, including but not limited to yours truly.

I’m aware that I have a very sweet dick, and for that very - understandable - reason, you are inclined to grab it, hold it, and suck it to the end of times, but ffs Jay, this debate will lead us nowhere.

FFS - you come off as delirious about 9 out of 10 of your posts (if I might be a wee bit too generous in my estimation?  but I am like that, sometimes).

In other words, 9 out of 10 dentists would proclaim that you are a cavity... a pox upon this house.   Cheesy Cheesy Cheesy Cheesy Cheesy
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December 27, 2022, 05:31:24 PM
Merited by BobLawblaw (3), Torque (1), infofront (1)

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December 27, 2022, 05:34:39 PM

After every winter there is summer.

HODL strong everyone and buy as much as you can.

In other words, keep calm and HODL bitcoin.



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December 27, 2022, 06:01:21 PM


Explanation
Negotiation
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December 27, 2022, 06:05:40 PM
Last edit: January 07, 2023, 05:49:50 PM by Negotiation

I respectfully

2023


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Pick-up a new glass and feel that the days ahead will be better 2023.
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December 27, 2022, 06:08:11 PM

So there is tie between people who think next ATH will be in 2023 or 2024.

I don't follow charts or other stats but my feeling is that we will see some good price in 2023.

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December 27, 2022, 06:14:56 PM

[edited out]
I wouldn't worry about not being able to expand an acronym, which you likely haven't seen more than a handful of times in your life, at first glance.   On the other hand, if you find yourself forgetting how to buy and hodl bitcoin, you should probably get yourself checked out.
NB I am not a doctor and this is not financial advice.
#nohomo


I agree that there are degrees of delusionalness, and frequently, it is not gong to be easy to determine when the "going into the 'expert' " might be the right step.  I am a little skeptical of supposed experts and relying on "expert" advice, but sometimes there can be tools, such as lab tests, surgeries, medication, knowledge of tactics that might be available.. and currently out of reach.  Surely crowd sources can be a powerful tool too.. but sometimes we can be lead down the wrong path when we think that we know more than we know - which get's us back to the utility of "experts".. the utility of consulting with peeps who spend a lot of time studying and looking into questions that may well be not easily answered on a superficial level and from persons with less training and background.

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.
What source for that rumor do you have?
The rumors are they holding 635,000 BTC

https://twitter.com/whalechart/status/1607457754939289600

Looks like a bunch of bullshit to me... just like Hamza2424 mentioned in that linked post that links the twitter post...   

Sure, there have been various discussions regarding GBTC (Grayscale) and related businesses for at least 6-7 weeks - at least around the time that there were realizations that GBTC and Genesis (Genesis had taken something like a $1.2 billion loan from Grayscale - or was it the other way around?) had some relations to Alameda (and therefore FTX/SBF).  So yeah, there is something like a $1 billion-ish shortfall in funds that are needing to be covered but there are a variety of ways out of the matter, including that GBTC had recently (in the past week or so) discussed the possibility of liquidating something like 20% of those 635k BTC.. which may well mean that those coins would go to the holder of GBTC shares..  

Fillippone has an "Everything you wanted to know thread" on such topic - but that thread has not had any updates in the past week.

Part of my point is that there are all kinds of possibilities, and mere claims of futility of the fund, doom and gloom and suggestions that it is all going down seem overblown including whether that "going down" is even likely to happen and even if it were to happen, it may well not be as negatively impactful as the FUD-spreaders are making such "going down" out to be - unless it turns out that GBTC does not have the 635k coins that they claim to have - and I am not even sure if that would necessarily be bearish - even though it would end up fucking up a lot of GBTC shareholders (more relatively affluent people getting fucked by shenanigans.. like the FTX bullshit ended up fucking up a lot of relatively affluent people and not so much the normies who had been attempting to protect their lil selfies by mostly holding their own keys...  - in other words, seems to be ongoing lessons in the value of bearer assets, such as bitcoin, and showing needs to be skeptical/concerned about giving too much power to 3rd parties.. yeah.. give them a little but don't put all of your eggs in the third-party holding your assets basket, if you can).
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December 27, 2022, 06:34:50 PM

The rumors are they holding 635,000 BTC

It is not a rumor that Grayscale has over 600k BTC in its possession, as well as a bunch of altcoins that have allegedly already been dumped or are doing so recently. Anyway, who still believes in some irrelevant Twitter account specializing in FUD, who invites his followers to his Telegram channel where he is obviously trying to sell them some super cool projects?

Some how you are absolutely right about this Twitter account, full of bs!


https://twitter.com/WhaleChart/status/1607633485719633920
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December 27, 2022, 06:48:05 PM

The rumors are they holding 635,000 BTC

It is not a rumor that Grayscale has over 600k BTC in its possession, as well as a bunch of altcoins that have allegedly already been dumped or are doing so recently. Anyway, who still believes in some irrelevant Twitter account specializing in FUD, who invites his followers to his Telegram channel where he is obviously trying to sell them some super cool projects?

Some how you are absolutely right about this Twitter account, full of bs!


https://twitter.com/WhaleChart/status/1607633485719633920

Nonsense, of course it's Nick Szabo.
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December 27, 2022, 06:49:37 PM

“Any man that's got the guts to sell his soul for love has got the power to change the world. You didn't do it for greed, you did it for the right reason. Maybe that puts God on your side. To them that makes you dangerous, makes you unpredictable.“
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December 27, 2022, 07:01:17 PM


Explanation
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