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

[ghandi]

Prepare you anus! this one goes deep!

[1714669727]

1714669727

[1714669727]

1714669727

[dre1982]

Prepare you anus! this one goes deep!

 

Well how deep can you handle, that's the question. 

[fillippone]

https://www.reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/

They are talking about $5000+ when this thing implodes and it's only at $147 right now. History in the making if they succeed.

Edit: Actually $225 in early trading.

GME is now $245 (up 64% premarket).....but
AMC is now $20.62 (up 304% (!!!) pre-market...such wow)
is this a social phenomenon?

I think this is the start of something major. It could wipe out some big wall street names. This changes everything if they succeed. They will keep going after other stocks until the system collapses or the government steps in.

Also, there is nothing currently illegal about doing this. There is no insider information, just a bunch of like minded people exchanging trading ideas based on publicly available data.

https://www.reddit.com/r/wallstreetbets/comments/l5vzsz/citadel_realizes_how_smooth_brained_melvin/

GME is the new Bitcoin.
The new "Millenial's middle fingers to banking".

They are even organizing 1K parties!

[vapourminer]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

i had a buy trigger at ~$29.7k like 10 minutes ago

everyone selling btc to buy GME lol

i must admit this GME stockmarket game looks like fun.

[Torque]

I think this is the start of something major. It could wipe out some big wall street names. This changes everything if they succeed. They will keep going after other stocks until the system collapses or the government steps in.

Also, there is nothing currently illegal about doing this. There is no insider information, just a bunch of like minded people exchanging trading ideas based on publicly available data.

https://www.reddit.com/r/wallstreetbets/comments/l5vzsz/citadel_realizes_how_smooth_brained_melvin/

Despite some shorters out there who are above board and are legit trying to root out corruption like Jim Chanos, most are complete scum of the earth.

Their whole career is based on perpetual pessimism and misery. And most of them absolutely do crooked shit like naked shorting. They don't play by the rules.

Andrew Left is the worst, he makes people like Jordan Belfort look like a saint.

[yefi]

What's to stop GME from just issuing a billion new stock?

[rolling]

What's to stop GME from just issuing a billion new stock?

Why would they do that? They want to wipe out shorts too.

[Thanos01]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

Weak hands probably, they can effect the market easily.
Ofc im holding man .

[yefi]

Why would they do that? They want to wipe out shorts too.

To raise capital from the bubble because the business is actually a loss-maker?

Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them

[Torque]

Why would they do that? They want to wipe out shorts too.

To raise capital from the bubble because the business is actually a loss-maker?

Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them

Theoretically they could raise capital (more debt) against the collateral value of their existing shares.

That's typically how it's done.

I'm sure there is a lot of internal talk going on at GameStop HQ rn about how to capitalize on all of this.

[d_eddie]

Why would they do that? They want to wipe out shorts too.

To raise capital from the bubble because the business is actually a loss-maker?

Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them

Theoretically they could raise capital (more debt) against the collateral value of their existing shares.

That's typically how it's done.

I'm sure there is a lot of internal talk going on at GameStop HQ rn about how to capitalize on all of this.

I agree they must be talking about it, but I doubt a bank will be happy to make a loan backed by reddit-inflated collateral. Let's not forget GME business model doesn't look that promising. It's been a few years already, not a recent thing.

On the other hand, I'm more than happy if a few large hedgies get rekt. That will teach a few lessons about rehypothecation - which is right up our bitcoiner alley.

[dre1982]

Welcome back $30000 and please don't go away anymore.

[d_eddie]

The hourly does look as if a local bottom was found. Please don't post pretty butts yet though.

[Cryptotourist]

Prepare you anus! this one goes deep!

 

Well how deep can you handle, that's the question. 

BTFD and DYOR or else:

[Arriemoller]

The Revolution Will Not be Livestreamed (The Great Gamestop Liberation)

https://www.bitchute.com/video/letnUP22clo/

[elrippos friend]

mv ./FUD > /dev/null

 

[d_eddie]

mv ./FUD > /dev/null

Code:

mv: missing destination file operand after './FUD'
Try 'mv --help' for more information.

 

[JayJuanGee]

Interesting... End of January is a special time for me (not going to be more specific for security reasons) and Bitcoin has a habit of making a "present" for me: it crashes. It did so in 2018 and 2019 and it is doing it now. The situation looks very similar to 2018. So, despite all that talk about bullish news, moon, BTFD, etc. - how low will it go? What do you think? $25k? $20k? Below 20?

I plan to cash out about 10-15% of my stash for some serious purchases (the rest if for holding and it can wait until 2024-2025) and I have already sold some above $30k. Now I am sitting on the fence. $25k to $30k is still fine, $20k-$25k - not so fine, and I would not like selling below $20k at all. Returning to four figures seems to be unlikely, 200 WMA is approaching $8.5k and production cost seems to be above $10k...

You seem to be a kind of guy who hardly has any coins, and probably the reason that you hardly have any coins is because you have a tendency to prepare for down, rather than up.  Hopefully not very many folks (if any) are willing to follow you and your nonsense.

Therefore, failure and refusal to adequately prepare for UP, seems to have put you into ongoing lame ass analysis in which you believe that you have some kind of extended period of time to prepare for UP... and UP is not going to really happen in any kind of meaningful way for many years, such as until 2021/2025...

You were spouting out similar kinds of nonsense when we were in the $6ks, and how did those preparations go?  Turns out that $6ks were pretty decent prices to be buying BTC in the past few years.. and UP ended up coming quite explosively in the past 4-5 months.

[Arriemoller]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

Everyone and his grandma is selling, because it's January, the poorest month of the year.
This is not uncommon.

[Alexander_Z]

Interesting... End of January is a special time for me (not going to be more specific for security reasons) and Bitcoin has a habit of making a "present" for me: it crashes. It did so in 2018 and 2019 and it is doing it now. The situation looks very similar to 2018. So, despite all that talk about bullish news, moon, BTFD, etc. - how low will it go? What do you think? $25k? $20k? Below 20?

I plan to cash out about 10-15% of my stash for some serious purchases (the rest if for holding and it can wait until 2024-2025) and I have already sold some above $30k. Now I am sitting on the fence. $25k to $30k is still fine, $20k-$25k - not so fine, and I would not like selling below $20k at all. Returning to four figures seems to be unlikely, 200 WMA is approaching $8.5k and production cost seems to be above $10k...

You seem to be a kind of guy who hardly has any coins, and probably the reason that you hardly have any coins is because you have a tendency to prepare for down, rather than up.  Hopefully not very many folks (if any) are willing to follow you and your nonsense.

I may not have as many coins as some people here for a very simple reason: "do not invest more than you can afford to loose". It is much easier to get richer if you are rich already. However, I do have a small stash, mostly mined long ago, in 2011-2013. I never had enough money to obtain a comparable amount after the 2017 bullrun. Buying was not an option.

Therefore, failure and refusal to adequately prepare for UP, seems to have put you into ongoing lame ass analysis in which you believe that you have some kind of extended period of time to prepare for UP... and UP is not going to really happen in any kind of meaningful way for many years, such as until 2021/2025...

Not preparing for down may have serious consequences, grave ones in the most extreme cases. Stress is not a joke...

You were spouting out similar kinds of nonsense when we were in the $6ks, and how did those preparations go?  Turns out that $6ks were pretty decent prices to be buying BTC in the past few years.. and UP ended up coming quite explosively in the past 4-5 months.

They went quite good. I did not sell a single satoshi until $30k