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

[OutOfMemory]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

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[somac.]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.

[machasm]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.

Wouldn't it be funny if all these new shorts were placed by bots.
That would be hilarious.

[uninterestedparty33]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.

What do you mean by not covered yet?

[somac.]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.

What do you mean by not covered yet?

I mean the shorters haven't exited their postions yet. Which means a short squeeze hasn't happened yet.

Shorters can only exit their position by buying the same number of shares they have shorted. When this happens it will add to the buying demand even more. I'm shocked that there has been no covering yet, these shorters are sitting on billions of dollars of losses.

[PhoenixZephyrus]

Robinhood has announced that no further positions for GME/AMC can be opened for Friday. See here: https://www.reddit.com/r/wallstreetbets/comments/l6plv0/robinhood_announces_you_can_no_longer_open_gmeamc/

Meanwhile, u/DeepFuckingValue is now at ~ $47M in profits, and seems like he aint selling, and neither are the rest of the guys on there, the sub just crossed 4.4M people. Amazing to see this kind of thing going on, GME, BB, AMC all probably gonna get a pretty hefty boost over the weekend. What boggles my mind is how u/DeepFuckingValue held his position firm a year ago and predicted Jan 2021?



Holy. Shit. And all of the guys over there seem to be holding there ground and probably won't sell until the Squeeze is over and Melvin is probably gonna go crashing down, atleast thats what it looks like. I can see something like this happening to crypto soon, its pretty likely imo

[El duderino_]

https://twitter.com/CryptoBull/status/1354749368587456512?s=20

[soullyG]

Market buying BTC tomorrow? Let's do this! 

Ladies and Gentlemen...

In honor of;

GameStop death to shorts Fire
Strikes launch @JackMallers
Get’n paid in btc @RussellOkung
Bitcoin 4 Corps @michael_saylor
Miami bitcoin @FrancisSuarez
 
Estonia and Colombia #bitcoin BTC
And the plebs around the world

Friday, Jan. 29, 12pm UTC

https://twitter.com/Zach_of_Earth/status/1354562138770178052

[Tash]

I guess the game stops with GameStop  (naked short sell)

[Krubster]

I'm not trading stonks, but I applaud the guys over at r/wallstreetbets. They have my full support, I hope Melvin Capital goes bankrupt.

[PhoenixZephyrus]

I mean the shorters haven't exited their postions yet. Which means a short squeeze hasn't happened yet.

Shorters can only exit their position by buying the same number of shares they have shorted. When this happens it will add to the buying demand even more. I'm shocked that there has been no covering yet, these shorters are sitting on billions of dollars of losses.

Exiting their position is gonna be quite difficult isn't it, seeing as they shorted it by 140%, so if they want to try to cover their losses and buy back now (for reducing losses), there are literally not enough stocks available for everyone to buy back. That's gonna cause even more demand, and the guys over at r/wallstreetbets ain't selling. SEC has supposedly "started monitoring the sub". Not sure why, because as of my understanding, none of this is illegal yet and this is how the hedge funds who are crying now have been screwing people over in the past.

[Tash]

I'm not trading stonks, but I applaud the guys over at r/wallstreetbets. They have my full support, I hope Melvin Capital goes bankrupt.

The claim is the closed out and got bailed out
https://cryptobriefing.com/melvin-capital-closes-short-tokenized-gme-volatile-ftx/

[LFC_Bitcoin]

‘They’re the Wall Observers, they’ve been in BTC for years’

[Sayeds56]

https://twitter.com/CryptoBull/status/1354749368587456512?s=20

I think this the reason crypto Market is in Red zone. Joe Biden Administration doesn't seem friendly toward cryptos.

https://www.fool.com/investing/2021/01/26/president-bidens-financial-team-will-clarify-bitco/

[Tash]

https://twitter.com/CryptoBull/status/1354749368587456512?s=20

I think this the reason crypto Market is in Red zone. Joe Biden Administration doesn't seem friendly toward cryptos.

https://www.fool.com/investing/2021/01/26/president-bidens-financial-team-will-clarify-bitco/

Did not bother to read that one "fool.com"

[Krubster]

The claim is the closed out and got bailed out
https://cryptobriefing.com/melvin-capital-closes-short-tokenized-gme-volatile-ftx/

A quote from that article

Earlier this morning, CNBC broke the news that Melvin Capital had closed its short position on GME, suffering substantial losses.

This week, it was announced that the firm would receive a bailout to the tune of $2.75 billion from Citadel and Point72 in response to the market action affecting GameStop stocks.

Good enough for me.

*edit: Another quote from that article worth mentioning

Galaxy Digital founder Mike Novogratz also took to Twitter to discuss the events today, stating that the short squeeze was “a giant endorsement of DeFi.”

[Paashaas]

I'm not trading stonks, but I applaud the guys over at r/wallstreetbets. They have my full support, I hope Melvin Capital goes bankrupt.

More blood will be shed Krubster, relax and enjoy the show.

[Paashaas]

Violent Short Squeeze
Eric King:  “Chris, I just calculated the last 4 trading days in GameStop (GME) in dollar terms and it totals $82.3 billion. I think annual silver production is roughly 1 billion ounces and at current prices that would total about $25 billion. That means yesterday’s trading volume in GameStop of $29.9 billion would have purchased more than the entire annual silver mine production! And the last 4 trading days in GameStop ($82.3 billion in dollar terms) would have purchased more than a staggering 3-times the entire annual global silver mine production! This type of buying would obviously create one hell of a violent short squeeze in the silver market.”

https://kingworldnews.com/reddit-silver-shocker-reddit-traders-now-targeting-silver-gamestop-traded-82-3-billion/

[PhoenixZephyrus]

I'm not trading stonks, but I applaud the guys over at r/wallstreetbets. They have my full support, I hope Melvin Capital goes bankrupt.

This has been a wild ride and I'm all for it. u/DeepFuckingValue has a ~1000x profit now, as he had invested around $53K into GME and held onto it and its almost ~$50M now.

[BobLawblaw]

HODLing $GME, $AMC, $NOK, $NAKD. Likely dumping it all Monday.

What fun. /r/wallstreetbets are sorta like us, just A LOT zanier. And way more degenerate.

It's impressive, really.