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

[LoyceV]

I keep convincing myself there are always bumps on the way up

[1713574157]

1713574157

[SATWAT]

I voted 60K for today. Still possible 

Voted the same

I also Voted for this because some good chances.

[vapourminer]

Now 20% with no risks and a perfect hedge? ELI5

I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses.

the bolded part it the issue (seems to me) most here are just long term hodl mode peeps.

but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term.

hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment.

[Wilhelm]

I voted March. Bitcoin always surges, the retracts, then surges again. 60k will be in the next surge.
Stable growth will provide a greater ATH.

THE PLEBS MUST FOMO AFTER 100k pushing it up to 200k before crashing to 30k

[LFC_Bitcoin]

Looks like we're headed down for a bit

No problem, probably good to cool down a bit, shake some weak hands out. I wouldn’t mind a bit of sideways, low volatility before we start moving up again.

[Karartma1]

Looks like we're headed down for a bit

No problem, probably good to cool down a bit, shake some weak hands out. I wouldn’t mind a bit of sideways, low volatility before we start moving up again.

Me too, particularly if some shitcoin leftovers I have might gain something in BTC terms and I'm eventually able to liquidate them for good!

[somac.]

Now 20% with no risks and a perfect hedge? ELI5

I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses.

the bolded part it the issue (seems to me) most here are just long term hodl mode peeps.

but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term.

hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment.

Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin

This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.

The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.

*Above prices are taken from Deribit.

[OutOfMemory]

Looks like we're headed down for a bit

No problem, probably good to cool down a bit, shake some weak hands out. I wouldn’t mind a bit of sideways, low volatility before we start moving up again.

The market is heating up, lately. dips became shallower, times of going sideways got shorter.
This is why i considered Feb, by looking at my silly lines i was choosing the 23th.

EDIT: Is it just me or does my avatar look really like laser eyes or more like laser glasses, i mean John Lennon -stlye?

[uninterestedparty33]

Looks like we're headed down for a bit

No problem, probably good to cool down a bit, shake some weak hands out. I wouldn’t mind a bit of sideways, low volatility before we start moving up again.

The market is heating up, lately. dips became shallower, times of going sideways got shorter.
This is why i considered Feb, by looking at my silly lines i was choosing the 23th.

EDIT: Is it just me or does my avatar look really like laser eyes or more like laser glasses, i mean John Lennon -stlye?

Laser eyes, Superman-style.

[BitcoinBunny]

EDIT: Is it just me or does my avatar look really like laser eyes or more like laser glasses, i mean John Lennon -stlye?

Looks more like a serious eye infection maybe. Shame the avatars need to be so small.

[Krubster]

I see that the discussion regarding covered calls and lending platforms got quite heated. No need to hate on somac., he's providing some great information here.

I'm well aware of not-your-keys -- not-your-bitcoins. I have learned that the hard way, losing quite a substantial amount when MtGox failed. However, I feel more confident with the trading platforms today compared to MtGox and the other platforms back then.

I mentioned that I moved a small sum to BlockFi yesterday. Rest assured, it's less than 1% of my total stash. I'm just trying it out to get my own opinion. I will never trust any 3rd party with any substantial amount ever again.

[El duderino_]

I always dislike those bumps in the road.... manage to life with them very well though....

[friends1980]

EDIT: Is it just me or does my avatar look really like laser eyes or more like laser glasses, i mean John Lennon -stlye?

Looks more like a serious eye infection maybe. Shame the avatars need to be so small.

John's eyes and Yoko's smile.

Seriously, it looks like a Narn's eyes, like a brother of G'Kar or so?

[xhomerx10]

looks like going down a bit.
buy order set at $54.321.
I don't know, but somehow i don't want it to get filled this time.

 Stoner eyes?!  No wonder bitcoin is down
I can tweak those fir you after work tonight if you like.

[uninterestedparty33]

Now 20% with no risks and a perfect hedge? ELI5

I think explaining anything to you is not a good use of my time, however, that is an investment that you might be more interested in as it is perfectly suited to those who hold fiat, rather than bitcoin, and don't want to expose themselves to the risk of capital gains or losses.

the bolded part it the issue (seems to me) most here are just long term hodl mode peeps.

but please explain, i wouldnt mind it. im not too bright but am good at learning from my mistakes. ive run napkin math and i almost always would have come out ahead if i straight up hodled btc instead of trying fancy stuff like that in my endeavors of the past. because it was too easy to lose compared to the almost 100% gaurentee that btc will rise over the long term.

hodling is hands off, just sit back and relax mode. perfect for me. fancy stuff you have to actively watch and worry about.. nah ill pass at the moment.

Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin

This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.

The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.

*Above prices are taken from Deribit.

How does this work exactly? I would love a bit more ELI5.

[BitcoinBunny]

[d_eddie]

Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin

This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.

The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.

*Above prices are taken from Deribit.

How does this work exactly? I would love a bit more ELI5.

I posted a link earlier, here it is again.
https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/

The WO sometimes must be combed thoroughly, but it usually does deliver good info - be it bitcoin or digital cameras.

Or you're just halftrolling and... username checks out? 

[Arriemoller]

I think laser eyes
Just like Dogecoin is just a
Cheesy Twittard meme.

Writing haikus like
This is cheating big time you
Know you get a C

[BobLawblaw]

Laser eyes were cool for about 24 hours. Then the mETH heads went and ruined the party by copying it, but making it blue or some shit, instead of red.

Ergo, laser eyes are no longer cool.

Fight me.

[vapourminer]

Laser eyes were cool for about 24 hours. Then the mETH heads went and ruined the party by copying it, but making it blue or some shit, instead of red.

Ergo, laser eyes are no longer cool.

Fight me.

everyone knows that lasers come out of ones nose, ala K9 in Dr Who. any other place is just.. well.. wrong