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

[strawbs]

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?

So much for my lines...  
Best part was when i stopped work for a coffee break and checked the price.

BUT....

I have had switched to EUR and almost got a heart condition  
Until i realized  

Too bad i already bought the (higher) dip today...

#hodl

I think it was late 2013 when Bitcoinity suddenly defaulted to showing the rate in USD/mBTC instead of USD/BTC. I was driving in a foreign land when it first happened, had to pull over in fear of having a heart attack, until I realized what had happened. I think it was around the time the price breached $1k for the first time too.

[JimboToronto]

now we have a real rebounce ... at least the last candle... before there where only rebounce for ants

It's a dead cat man... Don't you know nuttin'?

[xhomerx10]

 I should have stacked moar sats back then.  That one vacation in the mountains back then would pay for about 75 mountain getaways today.  

[yefi]

Sincere thanks to panic sellers for their continued commitment to dumbness.

Your coin now has a good home and will be well looked after.

[Elwar]

Who bought below 50K?   What a gift from the weak hand n00bs  

I managed to buy $50 worth at $48100! I'm rich now!

We are all rich now.

Does anyone know what caviar goes best with Wagu steak?

[AlcoHoDL]

The big players know their stuff...

Weak hands drop like flies ants!

[Torque]

It's always comforting to know that this market can panic sell 8-10% just by someone moving some coins around.  

Btw, this is bullish.

[Dabs]

Grayscale, for one, is not selling any of the corn the trusts buy. There simply is no mechanism for it. The shares of GBTC can indeed be traded, bought, or sold. The underlying will forever be held by the trust, never to be sold out into the open market.

True today, not really sure they will never be able to buy back any of their shares and thus sell the underlying Bitcoins.

Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes.

This is unlike the ETFs, where they can buy or sell the underlying.. BTCC has more than 6000 corns now.

[suchmoon]

Yesterday: €48k. Just now: €39k. Even though 20% drops happen a lot, it always feels bad

Any reason for this, or just the regular stop loss triggering?

It's called a buying opportunity and you're supposed to feel good about it.

[fillippone]

Grayscale, for one, is not selling any of the corn the trusts buy. There simply is no mechanism for it. The shares of GBTC can indeed be traded, bought, or sold. The underlying will forever be held by the trust, never to be sold out into the open market.

True today, not really sure they will never be able to buy back any of their shares and thus sell the underlying Bitcoins.

Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes.

Even if anyone else can buy back the shares, there is supposedly no mechanism to sell the underlying Bitcoins. They will hold it forever unless something in the trust changes.

What I meant is that now they currently don't buy back the shares. There is a secondary market completely independent from Grayscale, where a price is formed following demand and offer laws.

In the case there is huge selling pressure on GBTC shares, maybe because an ETF is launched in the US, Grayscale would be obliged to buy back some shares, not to let the premium running down too negative. If Grayscale (not anyone else) buys back some shares, then they have to sell some BTC.
We discussed it here

This is unlike the ETFs, where they can buy or sell the underlying.. BTCC has more than 6000 corns now.

Correct.

Yesterday: €48k. Just now: €39k. Even though 20% drops happen a lot, it always feels bad

Any reason for this, or just the regular stop loss triggering?

It's called a buying opportunity and you're supposed to feel good about it.

I guess it's some of the usual F2Pool FUD.

F2Pool outflow of 3,633 $BTC may be a factor in this dip. Largest outflow so far this bullrun! #Bitcoin


 
@cryptoquant_com

https://twitter.com/DanielBjornadal/status/1363834340103380995?s=20

But yes, ultimately it's bargain time.
S2F still in place.

[LoyceV]

It's called a buying opportunity and you're supposed to feel good about it.

I'm already more in BTC than I probably should be

[Parazyd]

[roosbit]

After being a scared cat for so long, you decide to buy some crypto at k56  just to fit in...

now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as logo ressemblace to an empty wallet. jeez signal given, that cant be the future!

Sometimes crypto teaches you to have a big heart, happy trading WO

[Parazyd]

After being a scared cat for so long, you decide to buy some crypto at k56  just to fit in...

now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as.

Sometimes crypto teaches you to have a big heart, happy trading WO

Stay strong

[JohnBitCo]

[JimboToronto]

After being a scared cat for so long, you decide to buy some crypto at k56  just to fit in...

now today you decide to look at your crypto portfolio and to show off but that dip on the charts makes you to start seeing things such as logo ressemblace to an empty wallet. jeez signal given, that cant be the future!

Sometimes crypto teaches you to have a big heart, happy trading WO

What's this "crypto" crap.

It's not about "crypto". It's about Bitcoin.

It's also not about tarding. It's about hodling.

<Batslap>

[BitcoinBunny]

Not a bad bounce so far. Keep going please.

[vapourminer]

Who bought below 50K?   What a gift from the weak hand n00bs  

had an old buy order at 49.9k that popped. just luck and laziness on my part as i dont redo my sell/buy points often.

[Parazyd]

Where is this?

[JohnnyUranus]

Not a bad bounce so far. Keep going please.

Wow, too bad I am out of merits, you got my last one for the "laser lady" pic