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

[philipma1957]

Explanation
Chartbuddy thanks talkimg.com

buddy and badger are pushing us higher and higher.

[d_eddie]

Time to change the poll, no?

 Yeah, otherwise it's way too easy now.  Duh.  Anyone who wouldn't pick 65k now is just being a contrarian.

Price - function of time
Looking smooth at every point
Until it isn't







#haiku

[Paashaas]

[Toxic2040]

[Biodom]

Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

Maybe not MSTR by itself, but MSTR layered on the top of multiple ETF purchases, but who knows, it was just time-correlated.

EDIT: Another 5K btc and MSTR would be at 1% bitcoin that would ever be. I wonder if M.Saylor would stop there, though. I also remember that Roger "the finger" Ver had 300K btc at some point (which he, apparently, bought at $5 per). I wonder how much of that stash he subsequently converted to a fork which he was so adamant about. He was definitely NOT a hodler.

[aesma]

Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

Most coins should be held in cold storage IMHO.

If that is the reason exchanges have issues sometimes they should simply say so, security is something we can all agree is key.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitserve]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

[philipma1957]

when 3x wo page count?

🔜 soon?


it would be 99426

as 3x33142= 99426

I wonder that if we ever get to 3x page count what will it be?

33333x3=99999

so I have to think that is not going to happen that soon.

maybe by 35000 we are at 105000

[El duderino_]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

there was a violent revisit under 60k .... already far to violent for me...

please give the seasoned OG's just a forward travel thx in advance.

[philipma1957]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

there was a violent revisit under 60k .... already far to violent for me...

please give the seasoned OG's just a forward travel thx in advance.

yep march 5th we dropped hard.

close to 73k.

[Toxic2040]

[lightfoot]

Yeah that 10k drop a few days ago made me think "Ah the good old days are back!"

Fortunately I didn't have a sell wall at that point. But still yeah those can wipe out a backup position quickly. Then again that's why you have them so you don't wind up catching a 30k falling knife.

[Nanga Parbat]

Happy Ramadan!
May this holy month bring blessings, peace and happiness to all community member.

And wishing you Ramadan filled with spiritual growth , kindness and gratitude in the blessed month .

Happy Ramadan everyone let us embrace this Mouth with open hearts seek forgiveness and strive to spread mercy and goodness Ameen.

[Akbarkoe]

Yeah that 10k drop a few days ago made me think "Ah the good old days are back!"

Fortunately I didn't have a sell wall at that point. But still yeah those can wipe out a backup position quickly. Then again that's why you have them so you don't wind up catching a 30k falling knife.

In the end we will not see that price again at the day, or the front cycle, we have a pretty bad injury, institutional competition in accumulating Bitcoin will make the All Time Low higher, and we will not see again $ 30K.

See you

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Paashaas]

I've been thinking a lot about these ETFs and running the possible scenarios through my head.

I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.

What might this look like?

There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.

George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.

The attack vector here will come from all angles, this is what makes my probability so high:

- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.

- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.

- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.

- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.

- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.

- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.

There is no real precedence for any of this.

We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.

If you see what I see, there are not any words in the English language to describe how big of a deal this is.

We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.

Where we are going, there will be no ask.

If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.

It seems to me that there is blood in the water here.

The sharks are coming...

They can see the kill.

They want a feast.

And they fucking deserve it.

https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19

[NIZZAONE]

 

[Biodom]

I've been thinking a lot about these ETFs and running the possible scenarios through my head.

I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.

What might this look like?

There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.

George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.

The attack vector here will come from all angles, this is what makes my probability so high:

- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.

- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.

- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.

- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.

- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.

- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.

There is no real precedence for any of this.

We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.

If you see what I see, there are not any words in the English language to describe how big of a deal this is.

We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.

Where we are going, there will be no ask.

If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.

It seems to me that there is blood in the water here.

The sharks are coming...

They can see the kill.

They want a feast.

And they fucking deserve it.

https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19

I found those scenarios to be unlikely in a short time frame (1-2 years).
Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc.
My favorite number, if someone asks, is currently $236K/btc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com