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

[P_Shep]

I’m not even remotely bothered about price action like this any more. Just use it to accumulate, even if it’s relatively small amounts.

I love it, its a win-win, if Bitcoin goes down I can accumulate a little more, if it goes up, my net worth goes up. Ill take this any day over going sideways!

This is most likely weasels who were hoping to make profits by selling into a BAKKT pump losing their balls & unloading in panic.

Absolutely nothing to panic about. I’m sure we’ll end the week not much lower than this. It does make me laugh how weak willed some people are though.

Sooooo... We're NOT going to die?

That's a relief!

[1714162688]

1714162688

[1714162688]

1714162688

[JayJuanGee]

If LTC is an indicator of whats BTC doing next,.. i guess i wont be checking prices tonight..  

Did jo-squared put you up to this?  

Let me see if I can shortly / succinctly 'splained BTC price dynamic matters?

Here goes:

Snotty-nosed puppy tail LTC does not wag (or lead) king daddy BTC doggie  

[podyx]

[El duderino_]

meh

BAKKT is a giant nothingburger

[LFC_Bitcoin]

meh

BAKKT is a giant nothingburger

[HairyMaclairy]

Goodnight guys.  Have fun.  

Also Mic go to bed it’s past your bedtime.

[rebal15]

Use the following chart. You will sleep without worries. Lambie will dream $100K. LFC driving 2 Lambos at the same time. CZ slapping himself. Fillip selling BTC at $0.99M. JJG is transformed to a man.

[El duderino_]

1/ Pleased to present my paper on the Bitcoin Realised Value to Transfer Ratio (RVT Ratio). This supports
@woonomic
 providing live RVT charts on http://woobull.com.

The RVT Ratio is a high conviction counterpart and calibration for the NVT Ratio.

https://medium.com/@_Checkmatey_/the-bitcoin-rvt-ratio-a-high-conviction-macro-indicator-615b68715b77



2/ The RVT acts as a slower but higher conviction signal for block-space demand.

With the Realised Cap in the numerator and on-chain volume in the denominator, the RVT is more strongly tethered to the chain than NVT.

RVT is likely to retain stronger signal relevance over time.



3/ In the current market condition, the RVT + NVT pair have shown to pull back following a distinct drop in on-chain transaction volumes.

Part Tether migration.
Part exchange driven short squeeze.
Part Calm before the Bull.

The RVT dipped a toe < 10...The Bull is close...



4/ As always - data is sourced from
@coinmetrics
 community data set. The only website I have bookmarked twice...
https://twitter.com/_Checkmatey_/status/1176225394162327552?s=20
https://twitter.com/_Checkmatey_/status/1176225403113005056?s=20
https://twitter.com/_Checkmatey_/status/1176225412797599744?s=20
https://twitter.com/_Checkmatey_/status/1176225743824723971?s=20

[El duderino_]

Goodnight guys.  Have fun. 

Also Mic go to bed it’s past your bedtime.

00:28h
bro

Btw is it odd... @this time its like I actually RL hear you saying this sh*t

[d_eddie]

I'm not shitting my pants yet. On the contrary, I made a few sats with a part of the short (grown a little in the meantime).
Meanwhile, pushing my long a bit and planning to buy some more physical bitcoin.

On the other hand, I would really shit my pants if were to reach 3k territory. And I would buy like there's no tomorrow, still wearing soiled pants.

The strongest hands win.

[HI-TEC99]

This is fine.

That's what doggie in the fire is saying, too.

what a coincidence.

Yet he was right every time when referring to Bitcoin.

I don't see the room really burning down to its ashes, it's just some heat to clean out the weak hands.

Buy the dips.

[El duderino_]

meh

BAKKT is a giant nothingburger

[Cryptoqueeen]

As a fellow member of this thread, I also want to say that I enjoyed the meet-up. I was surprised how kind everyone was and that everyone get along. It meant a lot for Mic & I think also for the other members. A big thanks to Kurious for making this possible & for the nice planning!

[whiteboy420]

a girl posting in WO

ancestors cry.

[El duderino_]

a girl posting in WO

ancestors cry.

Why's that??

[Cryptoqueeen]

a girl posting in WO

ancestors cry.

This Newbie thinks Bitcoin is only for men.

Satoshi laughs.

[Arriemoller]

a girl posting in WO

ancestors cry.

Why's that??

Just gave you two merits just because you are you.

[El duderino_]

a girl posting in WO

ancestors cry.

Why's that??

Just gave you two merits just because you are you.

Thx man, for now I will take them into

Hodlsleep, cause i'm gonna crash in one whit-in seconds

Goodnight WO-brothers

[JayJuanGee]

As a fellow member of this thread, I also want to say that I enjoyed the meet-up. I was surprised how kind everyone was and that everyone get along. It meant a lot for Mic & I think also for the other members. A big thanks to Kurious for making this possible & for the nice planning!

Cryptoqueen is boi?

I no didn't see no girl at the hand orgy.

[vapourminer]

As a fellow member of this thread, I also want to say that I enjoyed the meet-up. I was surprised how kind everyone was and that everyone get along. It meant a lot for Mic & I think also for the other members. A big thanks to Kurious for making this possible & for the nice planning!

Cryptoqueen is boi?

I no didn't see no girl at the hand orgy.

wait.. that photo.. were there hands UNDER the table too??