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

[d_eddie]

Down over 1200 in about 2 hours and still going... We're used to worse but I prefer to see it go up 1200 in about 2 hours nonetheless, instead of the other way around...

The whole market's a bit of a mystery to me atm, anyone cares to share his TA?

As for FA, I haven't got any clue at all... Saying these are very strange times is about as far as I'll get.

Never mind these temporary bollocks, friends1980. Michael keeps buying behind the curtains. Elon is onboard because it's inevitable. The corporate world is coming about, seeing btc more and more as the store of value it is.


Where's the world going?
The future looks uncertain.
Look up to the moon.




#haiku

[1714769752]

1714769752

[1714769752]

1714769752

[1714769752]

1714769752

[LFC_Bitcoin]

Down over 1200 in about 2 hours and still going... We're used to worse but I prefer to see it go up 1200 in about 2 hours nonetheless, instead of the other way around...

The whole market's a bit of a mystery to me atm, anyone cares to share his TA?

As for FA, I haven't got any clue at all... Saying these are very strange times is about as far as I'll get.

Short term TA is bull ****.

It’s degenerate gambling. The only thing guaranteed is bitcoin rises (a lot) over time.


(Credit: Plan B - S2F)

HODL

We are going to six digits ($) this year.
(Look how we overshoot during the peak of every bull run).

[OutOfMemory]

No more fiat to buy, finally  
#hodl

EDIT:
I can't shake off the suspicion that WSB affiliates are using the NYSE off-trade window to accumulate more powder to shoot at them stonks. 

[yefi]

Watch this video made by Steve Hofstetter he have a great point about Robinhood Robinhood is rigging the stockmarket

So maybe for this their users should take precaution upon using them since if this really happening they are not truly useful and beneficial to their user.

It's not just RH, it's the whole stinkin' system. By focusing solely on them, we're losing focus of the bigger picture highlighted by the discrimination of retail traders - that the system of trade settlement is fundamentally opaque and undemocratic (not to mention inefficient).

There needs to be a level playing field for all, and that means moving securities out of the central security depository and stripping clearinghouses of their unjust monopoly. We have the technology right here with Bitcoin to do this.

[El duderino_]

https://twitter.com/100trillionUSD/status/1355815820585267202?s=20

[acquafredda]

Good morning Bitcoinland.

On and on and on it goes, $3xxxx range... currently $33633USD/$42985CAD (Bitcoinaverage).

Even the little Elon Musk rally was just part of the bigger $3xxxx consolidation.

Patience. Go Bitcoin go.

I decided to become part of your team.

Team? We're not a team.

How demeaning. We're individuals.

Self-Sovereign Individuals

[El duderino_]

[SiNeReiNZzz]

Fuck gamestop in the arse, they always tried to scam me as a kid when I bought a few games, some I didn't even play, and they offered me like 10% only for me to come back in a few days and see they sold it at 90%.

Fuck 'em!

Absolutely right my friend. That's exactly how I have this store in my head.
But with overpriced store locations, mostly at the main station of a city, that's no wonder.

[BobLawblaw]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

[Biodom]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

that buying is not very easy to do...premiums spiked and some sites are in maintenance mode.

[Torque]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

I bought the majority of my silver (~400-ish ounces) between 2014-2016, when nobody wanted it.

Also picked up a couple 1 oz gold coins for between $1200-$1300 each during the same timeframe.

#winning

"Buy an asset when nobody wants it, not when everybody wants it." -Me

[Tash]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

Buying some junk silver will not crash any economy.
Depending on location but Silver is one if the biggest money trap there is. It has to rise 25% before any profit.
Gold in most places does not have the tax burden to deal with but still happily sold last piece last year. 
Commodities is so last century, even toiled paper is abetter investment because its needed, no-one needs a silver spoon.

[rolling]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

Buying some junk silver will not crash any economy.
Depending on location but Silver is one if the biggest money trap there is. It has to rise 25% before any profit.
Gold in most places does not have the tax burden to deal with but still happily sold last piece last year. 
Commodities is so last century, even toiled paper is abetter investment because its needed, no-one needs a silver spoon.

Silver does seem like a silly target to crash the economy plus the drama of Gamestop isn't over yet. If people lose focus too early, the sqeeeeeze might not take place. One target at a time. It will take every penny to make it happen.

[nanobtc]

Three millionth user
You'll do better here if you
brush up on haiku

[Biodom]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

Buying some junk silver will not crash any economy.
Depending on location but Silver is one if the biggest money trap there is. It has to rise 25% before any profit.
Gold in most places does not have the tax burden to deal with but still happily sold last piece last year. 
Commodities is so last century, even toiled paper is abetter investment because its needed, no-one needs a silver spoon.

Silver does seem like a silly target to crash the economy plus the drama of Gamestop isn't over yet. If people lose focus too early, the sqeeeeeze might not take place. One target at a time. It will take every penny to make it happen.

somebody described it as a "rage against the machine". How likely is that it would be concentrated on one stock?
That said, are we the establishment now? I doubt it, but as of right now s-coins like zerp and doggie are in the lead (for today only).
Are things about to get wild with Ag? Sorry, I am not going to lug some bricks.

[savetherainforest]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

U should learn jewelcrafting and cast u'r own trinkets!    

*edit: Also you can cast them on New Moons & Full Moons. For better energy potential of their vibration!


*Edit(2): Meanwhile in Dodgelandia....   

[DaRude]

RobinHood allows you to buy btc (and other cryptocurrencies), but you can't move it out. This could cause legitimate worries about all btc on RH being just paper IOUs.

So a number of btc newbies have some (paper?) btc on RH, and now they want to get it out of a likely sinking boat. The only option they have is sell now (taxable event, ouch!), get the money out (RH does allow you withdraw $$, duh!), keep aside the taxman's share (ouch again), send the money to some "normal" exchange, get less btc than you used to have (boo-ho!), transfer that to a wallet you control (your own keys: it's finally been turned into your bitcoin, win!).

I've got two questions - food for thought.

1) How many newbies are going to jump through the multiple hoops?

2) What if many actually do? There are likely consequences for RobinHood: assuming they never actually bought the backing crypto, they'd be under by a lot. Just think of the doge bull. I could care less about them, though. What happens to the price when a shitload of redditors sell at the same time?

TL;DR RH is really throwing shit at anyone trying to go against the system - either people who try to punish asshole over-100%-shorting hedge funds, or people who buy btc (or doge in recent days, well you know, newbies!). I wish RobinHood went out of business. Which isn't totally unlikely as a result of the latest shenanigans.

Are you sure about that? Wouldn't swapping paper BTC for real BTC fall under a wash rule for 'murikans?

The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a "substantially identical" stock or security, or acquires a contract or option to do so.

https://www.investopedia.com/terms/w/washsalerule.asp

[Biodom]

RobinHood allows you to buy btc (and other cryptocurrencies), but you can't move it out. This could cause legitimate worries about all btc on RH being just paper IOUs.

So a number of btc newbies have some (paper?) btc on RH, and now they want to get it out of a likely sinking boat. The only option they have is sell now (taxable event, ouch!), get the money out (RH does allow you withdraw $$, duh!), keep aside the taxman's share (ouch again), send the money to some "normal" exchange, get less btc than you used to have (boo-ho!), transfer that to a wallet you control (your own keys: it's finally been turned into your bitcoin, win!).

I've got two questions - food for thought.

1) How many newbies are going to jump through the multiple hoops?

2) What if many actually do? There are likely consequences for RobinHood: assuming they never actually bought the backing crypto, they'd be under by a lot. Just think of the doge bull. I could care less about them, though. What happens to the price when a shitload of redditors sell at the same time?

TL;DR RH is really throwing shit at anyone trying to go against the system - either people who try to punish asshole over-100%-shorting hedge funds, or people who buy btc (or doge in recent days, well you know, newbies!). I wish RobinHood went out of business. Which isn't totally unlikely as a result of the latest shenanigans.

Are you sure about that? Wouldn't swapping paper BTC for real BTC fall under a wash rule for 'murikans?

The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a "substantially identical" stock or security, or acquires a contract or option to do so.

https://www.investopedia.com/terms/w/washsalerule.asp

there is no wash sale (theoretically) in bitcoin since it is not a stock or security. In fact, it looked like IRS allowed for LIFO, FIFO and specific batches for base price determination, imho.

[Torque]

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>

Let's get back to crashing the economy. I'm trying to do my small part.

Buying some junk silver will not crash any economy.
Depending on location but Silver is one if the biggest money trap there is. It has to rise 25% before any profit.
Gold in most places does not have the tax burden to deal with but still happily sold last piece last year.  
Commodities is so last century, even toiled paper is abetter investment because its needed, no-one needs a silver spoon.

Silver does seem like a silly target to crash the economy plus the drama of Gamestop isn't over yet. If people lose focus too early, the sqeeeeeze might not take place. One target at a time. It will take every penny to make it happen.

This, this, and this.

1. The WSB/ RH crowd is getting deliberately baited away from GME and onto something else (in this case, silver) in order to dilute their strength and resolve.

2. Anyone thinking that silver can actually be "squeezed" by worldwide retail buying power needs to do more research. TL/DR; it can't. It's not even remotely the same as the GME situation.

3. The fact that it can't be squoze, is precisely why the establishment traders are luring dumb money there and away from GME.

4. Just read that Citadel is the 5th largest holder of SLV. That means they will dump their SLV on any significant pump to cover any losses on GME, or for any new capital needed.

[DaRude]

So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?

So what happens when DaRude realizes he can break bad and start making meth, robbing banks and pushing grandmothers under buses?  Is a crime wave next?

Realizes? Wayyy ahead of you