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

[fillippone]

Glassonode published a very interesting longform using their on-chain metrics:

The Shrimp Supply Sink: Revisiting the Distribution of Bitcoin Supply

They particularly focus on coin distribution between walled cohort, shrimps, whale and so on:



this is not very interesting in my opinion, as there is a more interesting aspect on that research.
There is a paragraph about "Absorption Rates" for each cohort, miners one is particularly interesting:



You write it "Miners Absorption Rates", I read "adoption".

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[nutildah]

So now we know why the feds didn't sanction ChipMixer... they had been close to cracking who was behind it for quite some time.

The time I sent the ChipMixer alt account a merit  

This thread should be moved to Trash/Archival after 19 Feb 2021. It wastes our time and wealth.

He was pretty furious at sgbett:

Damn this thread. I would still have a lots of BTCs by now if I had not read this thread! My bad decision last year was affected by this thread. Now BTC is too expensive and I can't get enough BTCs as I used to own. I feel so sad each day seeing price of BTC increasing day by day. I would have been a millionaire now if I had not sold most of my portfolio last year when the BTC price was only at 10k - 12k.

[pixie85]

Credit Suisse, founded in 1856, has faced a string of scandals in recent years, including money laundering charges and other issues.

If you print money, you go to jail for 20 years, unless you're the central bank.
If you threaten people and blackmail them, you go to jail, unless you're a bank or a politician.
If you make mistakes and go bankrupt, you lose the business, unless you're a bank.
If you launder money, you go to jail, unless you're a bank.

We could go on and on with this.

I would have been a millionaire now if I had not sold most of my portfolio last year when the BTC price was only at 10k - 12k.

Another proof how big problems can become small in time and small ones big.
The guy had to become a millionaire eventually after laundering billions of dollars. Then he lost his freedom...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]

[ChartBuddy]

Explanation

[El duderino_]

[BobLawblaw]

[Gachapin]

That's almost what I tell people, when they ask me if it's worth to invest in BTC:

Bitcoin is a trinity combining economics, energy, and digital information while adding a revolutionary new paradigm to each one of them.

[d_eddie]

yea, it's like 6% of Swiss GDP....peanuts, right? /s
back here, two offending banks might be sold, afterall.

https://www.reuters.com/business/finance/us-regulator-taps-piper-sandler-new-bid-sell-silicon-valley-bank-sources-2023-03-15/

A hidden pearl found at that link:

Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.

[Hyperjacked]

Bitcoin is getting ready for another move higher imo… looks like its been climbing the bulltard steps over the past week… or it might dump through the floor but I higher doubt it with the domino bank debacle just getting stated!
30k$ target price within 5 days imho  

Sitting at 24,790$

[Gachapin]

yea, it's like 6% of Swiss GDP....peanuts, right? /s
back here, two offending banks might be sold, afterall.

https://www.reuters.com/business/finance/us-regulator-taps-piper-sandler-new-bid-sell-silicon-valley-bank-sources-2023-03-15/

A hidden pearl found at that link:

Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.

..in the face of the upcoming CBDCancer, it almost seems that tptb seek to eliminate on and off ramps for retail, so that cRypTo Bitcoin becomes the pawn of the rich and powerful..

[ChartBuddy]

Explanation

[AverageGlabella]

Bitcoin is getting ready for another move higher imo… looks like its been climbing the bulltard steps over the past week… or it might dump through the floor but I higher doubt it with the domino bank debacle just getting stated!
30k$ target price within 5 days imho   

Sitting at 24,790$

You are more optimistic then me we have had a lot of bad news in the last 7 days and I think it will keep the price where it is at currently. I think April might be our best bet to escape the $25000 resistance but I cannot be sure. The Silicon Valley Bank and another Swiss bank in Europe having trouble has helped Bitcoin gain a little more price recently but I do not think it will be enough until more banks announce their failures in the next couple of months.

[vapourminer]

Bitcoin is getting ready for another move higher imo… looks like its been climbing the bulltard steps over the past week… or it might dump through the floor but I higher doubt it with the domino bank debacle just getting stated!
30k$ target price within 5 days imho   

Sitting at 24,790$

You are more optimistic then me we have had a lot of bad news in the last 7 days and I think it will keep the price where it is at currently. I think April might be our best bet to escape the $25000 resistance but I cannot be sure. The Silicon Valley Bank and another Swiss bank in Europe having trouble has helped Bitcoin gain a little more price recently but I do not think it will be enough until more banks announce their failures in the next couple of months.

this is where you find that honeybadger doesnt give a fuck

[ChartBuddy]

Explanation

[Macadonian]

The next two hours we should break the $25,00 resistance! For the 2nd time in a couple of weeks. I think we might push on from here without dropping back down we might finally be able to challenge the $30,000 price. We just need more banks to fail in the next couple of days and it should continue rising. I do not know why multiple banks are failing in the same week but I hope it continues for the price of Bitcoin!