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

[BitcoinGirl.Club]

I am as happy as bitcoin would be on the moon (at least $100k)

It's been 30 long years for us. Today we have it again!

Liverpool is the PL champion WO!

[1714619719]

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[1714619719]

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[Krubster]

...

Whoa! Not sure if that's your Garden of Weeden, but if it is, nice job bro.....sooooooweeet!!
For past couple of seasons, I've been staking the main stem down parallel to ground  exposing all nodes to full sun
and they turn into multi-stem high yield monster bushes.

Sure is, thanks!
They've been topped twice and the canopy trained for max bush.  Love growing much more than the finished product even. I'll post more shots as it matures and finishes.  Should be a fun year. Its my effort to remember 2020 in a positive way.  BTC & THC

A bit late, but I was just going through all the posts I haven't read when I stumbled upon yours.

That's an absolutely stunning garden. What strain(s) are you growing?

I've been growing myself for personal use for 10+ years. Unfortunately, I've never had the opportunity to grow outdoors, since i live close to the arctic circle. Wow, am I jealous.

You sir deserve the rest of my merits. Not necessarily for this post alone, but overall you're a quality poster. Keep it up, you'll be legendary in no time.

Thanks for the kind words (and merits) man! I still feel like an off topic shit poster most of the time but hey, glad its been entertaining some    
Strains are Sour diesel for the majority and a couple Ayahuasca purple, all sativa dominant for that creative buzz.
Used to grow for $$$ back in the day but never tried indoors. Got a decent head start this season.   They'll  produce far too much for personal consumption and what I won't use will be given or traded with friends and family.  
Mostly I adore the growing process, gardens in general but there's something deeply satisfying about raising cannabis. Still feels kinda strange to be able to share openly about it after hiding it for so many years. Only legal for 1.5 yeas and locally, its quickly become a topic only mildly more interesting than coffee bean varieties and roast.

Cool! You can never go wrong with Sour Diesel, that's a solid strain. I'm growing some AK47 right now myself. I've had those seeds laying around for years, so I finally though I'd give them a try.

Yeah, you and me both. Shit-posting, ranting and ventilating is what making us coming back here after all, isn't it? But anyone sharing the same interests as me, bitcoin and growing weed, is a quality poster in my eyes.

Anyhow, going back to the weed topic. Like some of you said (sirazimuth?), growing is way more addictive than smoking. I totally agree with that. I don't smoke so much nowadays for various reasons, but I'll never give up growing. Back in the days when I smoked daily, I preferred sativa dominant strains. Now on the other hand, I prefer a heavy indica. After a long day, getting all your shit done, smoking some indica weed is pure gold. That's one of the perks of life.

[Biodom]

LFC...Well deserved, congrats.

[Toxic2040]

Almost safe to say ..... congrats LFC 

Aaaaaaaaaaaaaaaand it’s there, pop them bottles

I have to imagine broheim is consuming massive quantities of... substances... right now, in celebration.

Grats LFC !

well earned...grats LFC!

EDIT: Observing long liquidations increasing. Prepare for short term pain.

-----
1h


4h

[JimboToronto]

Congrats LFC.

Cheers!

[AlcoHoDL]

Almost safe to say ..... congrats LFC 

When I saw your post, I immediately checked the price... 

Congrats LFC!

[Toxic2040]

the evening wall report

Annotated charts with areas of interest.


tl;dr   poised to go either direction with bias still sideways and upwards imho


#dyor
4h


D

#stronghands

[JSRAW]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

https://twitter.com/kerooke/status/1276251991698792464

[DaRude]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

https://twitter.com/kerooke/status/1276251991698792464

Most of those BTC is not Grayscale buying coins (if that was true, at those rates prices would've mooned by now) it's people transferring their BTC into Grayscale for shares so they can arbitrage the premium later. e.g. transfer BTC into Grayscale, receive equivalent share, 6months later(min hold time) sell that share for 120% (Grayscale shares trade at premium) buy back your BTC on real exchange and pay for hookers and blow with your newly earned 20% almost risk free, rinse repeat.

[JSRAW]

Might be true but its open field as recent data is not available right now.

[Paashaas]

Donated 3 merrits to JSRAW so he will have round numbers of 1000.

Have a nice weekend.

[DaRude]

Might be true but its open field as recent data is not available right now.

Right now they're transfering into Greyscale for IOUs, should be fun come December once they're allowed to sell their IOUs and withdraw those amounts in cash

[Toxic2040]

Why do so many people in here have hats as their avatar

quoted....for science 

[rhomelmabini]

Why do so many people in here have hats as their avatar

Hold onto your hat even if it's in bearishness or bullishness.

The very first reply with the word "hat/s" in this thread: https://bitcointalk.org/index.php?topic=178336.msg1863988#msg1863988

[JayJuanGee]

@JJG I’m not claiming the time timeframe... more that I’m ready in a shorter term for ATH

Oh?

I may have misunderstood your comment because I thought that "breaking the number of days" meant taking more time to reach the ATH than the last period between ATH, but you may have meant taking a shorter amount of time?

Either way, it is still a decent discussion point about whether this cycle might take longer than the last one to break a new ATH... and even if we might feel that we are in a position to make predictions regarding how long that it might take to break a new ATH (and what might happen after that), our opinions or theories likely do not matter very much (unless we happen to be whales or influencers), even though I personally believe that there are pretty decent chances that we might get a shorter amount of time than last time, I am still assigning something like a 53.5% probability to my SOMA analysis, give or take a margin of error of about 1.71295% either way.

That's my current ballparking sorcery attempt at the matter, but in a couple weeks or a couple months from now, I might start to think differently and up or down my percentages by 1% to 3% i one direction or another depending on what happens during such critical^tm passage of time, such as we all gonna die from the virus or is the smoke n mirror money printing going to keep up the appearances of no supply line problems while symbolisms of flags and statues are toppled, burned and challenged.

[hv_]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

https://twitter.com/kerooke/status/1276251991698792464

When dump ? Sell to greater greyscale ?

[fillippone]

Why do so many people in here have hats as their avatar

You can learn about Hat's history in @VB1001 blog:

	Genesis Hat / HairyMaclairy

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

https://twitter.com/kerooke/status/1276251991698792464

Most of those BTC is not Grayscale buying coins (if that was true, at those rates prices would've mooned by now) it's people transferring their BTC into Grayscale for shares so they can arbitrage the premium later. e.g. transfer BTC into Grayscale, receive equivalent share, 6months later(min hold time) sell that share for 120% (Grayscale shares trade at premium) buy back your BTC on real exchange and pay for hookers and blow with your newly earned 20% almost risk free, rinse repeat.

Yes,
I tried to explain this "arbitrage" in my thread Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!
Just the added bonus of not having any taxable income until you take out the money from the deposit. i.e. you end up paying taxes only on the part of the money used on your  recreational activities.

Indeed the in-kind buys are essential to grasp the bias in the above tweet: Grayscale is not buying the thousands of newly minted coins: it is buying in the millions coins hodled out there!

In addition to that, there are more efficient way to get exposure to btc are getting quoted elsewhere. Buying GrayScale shares in the open market is becoming nonsense in Europe, for example. 

[becoin]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

https://twitter.com/kerooke/status/1276251991698792464

Most of those BTC is not Grayscale buying coins (if that was true, at those rates prices would've mooned by now) it's people transferring their BTC into Grayscale for shares so they can arbitrage the premium later. e.g. transfer BTC into Grayscale, receive equivalent share, 6months later(min hold time) sell that share for 120% (Grayscale shares trade at premium) buy back your BTC on real exchange and pay for hookers and blow with your newly earned 20% almost risk free, rinse repeat.

Since shares trade at 120% premium in order to sell at 120% premium 6 months later you have to buy at 120% premium now. What is the point of doing that?
Is Grayscale a ponzi?

[becoin]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

So, how do they 'manage' 400,000 bitcoins to get 20% return?
And risk-free?

[LUCKMCFLY]

If price was to go down, it would have when it fell from $ 9k, now it's up to the bulls!

Bitcoin Recovery Runs Into Resistance: Here Are Key Breakout Levels

A new weekly low was formed near $8,991 and recently the price started an upside correction. It recovered above the $9,150 and $9,200 levels to start a decent recovery. Besides, there was a break above the 23.6% Fib retracement level of the downward move from the $9,660 swing high to $8,991 low.

The triangle resistance is close to the 50% Fib retracement level of the downward move from the $9,660 swing high to $8,991 low. If bitcoin breaks the $9,300 and $9,330 resistance levels, it could test the next resistance at $9,400.

Source: https://www.newsbtc.com/2020/06/26/bitcoin-btc-runs-into-resistance/