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

[TERA2]

You missed China.

Remember when China banning Bitcoin meant it should be below $400? Now all the Chinese exchanges are gone and here we are.

[1713911280]

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[1713911280]

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[1713911280]

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[exponential]

You guys were right about no Ferrari, I have decided to just cash out a smaller amount and buy something a little more reasonable.  In the end, I'm still in Bitcoin but I also get to have something to enjoy and show for it.  This has been keeping me up for days and making me feel sick.  What a fucking load off.  Now to get a vanity license plate about bitcoin    It was nice to see chartbuddy again today.  So nostalgic. 

You can still have your Ferrari.  Just not today.

Very true, for now my 1:18th scale model shall suffice 

[JayJuanGee]

I am sure you'll be most welcome by more than a few here.  Big Blockers get a hard time, yep - it's pretty much heavily pro-Core of course, but it's still fun and all and sundry drop in and pretty much all points of view exist, as they probably should - although the ignore button is still an occasionally welcome option

I have no problem with any of that. Small blocks, big blocks, it's a conversation to be had and I'll go toe-to-toe with anyone about my opinions. I just don't like what happened to that conversation and feel that visiting this site, unfortunately, supports the perpetrator(s).

Ridiculous conspiracy all in your head and in the heads of the other r/btc nutjobs.. including Ver, jihan and Craig... .. all circle jerking the same bullshit censorship nonsense over something that more or less did not exist... except for the purpose of whining, distracting and trying to change the governance of bitcoin with the various attacks and nonsense.

[ErisDiscordia]

Ridiculous conspiracy all in your head and in the heads of the other r/btc nutjobs.. including Ver, jihan and Craig... .. all circle jerking the same bullshit censorship nonsense over something that more or less did not exist... except for the purpose of whining, distracting and trying to change the governance of bitcoin with the various attacks and nonsense.

Thank you for providing a prime example of the toxic approach Richy_T was describing.

[JayJuanGee]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.

This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

I think a fundamental problem with the analyses of these wall street types is that they can't comprehend the power of the HODL.

Many of the early adopters, who are still HODLing, got involved in bitcoin to begin with for philosophical, moral, or political reasons. These HODLers are fundamentally different from 99.9% of people/organizations who are long on a stock.

The typical equities investor will take profits at fairly predictable intervals, and cut their losses at fairly predictable levels. Bitcoin HODLers realize they're invested in a world changing technology that has an incomprehensible upside in price still.

A trillion is only a tripling away.  You aren’t getting my coins for a tripling.  I’m looking 20 years out.  The problem is we believe and they don’t. Wall Street are the weak hands in this game.

That's another way to put it.  

What a wonderful quote.. I am going to have to go GAY on this one.. just for funzies:


they can't comprehend the power of the HODL



 

[JayJuanGee]

So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.
This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.

I don't know if you're a brother or not, but heck, if you're ever passing through Butte, I reckon we should get drinks and chat.

All hetero like.

No homo.

That's what she said.

[Searing]

One day...I'm gonna wake up....look at BTC price...and spit up my orange juice all over myself...

(wait did that today) ...but then the other shoe will drop and

I will, then immediately sell my hoard....w/o any regrets...just BLAMO!

It has not happened yet, but someday, I will snap like a 'dry twig' and sell the works...

It will be interesting to see where my breaking point is 20k 40k 90k 200k?

So it is ME or BTC.....one of us will crack.....Moon or Tulips! Baby!

BTC Morality: At what price will I snap? (muses deep thoughts)

[jbreher]

So these so called "uncorrelated assets" that are supposed to both move in the same direction

idonotthinkthatwordmeanswhatyouthinkitmeans.png

That was a dumb comment.

No, your assertion was ignorant. Pick up a dictionary. Look up the word 'uncorrelated'.

Uncorrelated assets do not move in the same direction. There is no correlation to the direction of the moves of uncorrelated assets. Sure, they can move in the same direction, except for when the move in the opposite direction. Which would be about half the time.

[Rosewater Foundation]

One day...I'm gonna wake up....look at BTC price...and spit up my orange juice all over myself...

(wait did that today) ...but then the other shoe will drop and

I will, then immediately sell my hoard....w/o any regrets...just BLAMO!

It has not happened yet, but someday, I will snap like a 'dry twig' and sell the works...

It will be interesting to see where my breaking point is 20k 40k 90k 200k?

So it is ME or BTC.....one of us will crack.....Moon or Tulips! Baby!

BTC Morality: At what price will I snap? (muses deep thoughts)

This is why you deep cold store your coins. And why you never live anywhere with a balcony. Don't set yourself up to trust your own impulse control.

[JayJuanGee]

Here's a wild firstworldproblem.  I'm torn.  On one hand, I have ALWAYS wanted a Ferrari.  Here I am able to buy one, something I never thought would happen.  I could sell now, get my ferrari and be happy.  On the other hand, I could hodl, it could either go up or down.  If it goes down, I feel satisfied with my choice.  If it goes up, I will feel some regret but fuck it, I have a god damn ferrari.  I have a house and no debt, perhaps I'm just being greedy at this point and should get the one thing I've wanted and be happy with it.  Fucking wild decision I never thought I'd even have to make.  

If you have to think that much about the situation, then a ferrari is out of your budget.

What if we have a doubling from here, then perhaps at that time, a ferrari would be in your budget because you could use half the previous number of coins to buy the same car.

You have permission to buy a Ferrari when it is less than 10% of your stack. And not before.

Hahahahaha... those are much more specific (and ultimately better) guidelines than the ones that I attempted to give.... so yeah, instead of just randomly saying:  "I have enough for a ferrari", you calculate some kind of reasonable formula, and sure, I am nearly as conservative as you, which would be something like 10%, but for those who are not as conservative, they might tip at 50% but lower is a bit better, especially when buying a most likely depreciating objection (or a consumption good).

[600watt]

For now I am cautiously in the small block camp while vigilantly watching out for any sort of shenanigans.

I have a transaction (1 input, 2 outputs) with an $11 fee sitting waiting to be confirmed for two hours now. Make of that what you will.

those are the craziest and busiest days in bitcoinland ever. a $6k candle on coinbase. hundreds of thousands new bitcoiners every hour, everyone freaking out, sending btc too or from the exchange, sending their coins too or from their hardware wallets, sending some fractions to family because they finally show interest, pure global bitcoin madness.

your complaint sounds like someone complaining about that giant traffic jam that occurs, when there is a hurricane approaching and everyone tries to get away with their car.

[Last of the V8s]

So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).

The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.

The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.

Then come full nation states trying to move the price.

then we win?

no not really, they have guns, tanks and jet bombers  

you will just need to happily pay your tax then all should be good.

defeatist tripe.
don't pay them any taxes now or ever again
they won't have any money
they won't be able to pay anyone to drive their tanks

[TERA2]

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

[criptix]

1 btc = 1 ferrari? pff  

1 btc = 1 lambo, this is the goal gentlenman  

/edit

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

you can arbitrage between the futures and bitcoin market!

[HairyMaclairy]

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

Yes.  But one side has to naked short if not hedged in real bitcoin. 

[exponential]

1 btc = 1 ferrari? pff  

1 btc = 1 lambo, this is the goal gentlenman  

/edit

How many bitcoin futures contracts will there be? Remember, they arent settled with real bitcoins. So can there just be trillions of contracts?

you can arbitrage between the futures and bitcoin market!

This website is perfect: http://lambo2btc.com/

[BitcoinBunny]

[TERA2]

How does btc futures arbitrage work, if a btc future is a limitless imaginary cash settled game that cant leave the account of the owner? Its like betting on horses. Im less bullish on this after learning how it works. The public isnt really getting exposure to bitcoin at all.

Its actually a way to keep all the traders OUT of the real bitcoin ecosystem, and dumping billions of imaginary bitcoins for them to hold instead, so we have less real market cap. bearish

[JayJuanGee]

Ridiculous conspiracy all in your head and in the heads of the other r/btc nutjobs.. including Ver, jihan and Craig... .. all circle jerking the same bullshit censorship nonsense over something that more or less did not exist... except for the purpose of whining, distracting and trying to change the governance of bitcoin with the various attacks and nonsense.

Thank you for providing a prime example of the toxic approach Richy_T was describing.

NOT...

It is calling a spade for what it is.  There are a bunch of nonsensical loser arguments, attempting to disguise themselves as if they were legitimate.  They are not legitimate arguments, and we should not attempt to pretend that they are.

[JayJuanGee]

One day...I'm gonna wake up....look at BTC price...and spit up my orange juice all over myself...

(wait did that today) ...but then the other shoe will drop and

I will, then immediately sell my hoard....w/o any regrets...just BLAMO!

It has not happened yet, but someday, I will snap like a 'dry twig' and sell the works...

It will be interesting to see where my breaking point is 20k 40k 90k 200k?

So it is ME or BTC.....one of us will crack.....Moon or Tulips! Baby!

BTC Morality: At what price will I snap? (muses deep thoughts)

You are not going to snap.


You are in for life... until you croak....