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

[sirazimuth]

^The WOb wobbly woman.

[eddie13]

I’m having a bit of a mental struggle..

How much should I be kicking myself in the ass for not accumulating more, VS how thankful am I for having accumulated what I have and for the most part held..

Thankful or regretful?

We've all been there (at least I have) Just count your blessings that even just by holding any BTC you're WAYYYY ahead of most people. I have a, modest, stash. I'd love more, but I'm definitely glad I have what I do

And, of course, also, if you feel that you do not have enough, you can continue to DCA.. even if it is only $10 per week... though for fee purposes, it may be better to let your amount build up to something like $80 or $100 and then buy once you reach certain thresholds of value.

We have all kinds of peeps who fail to pee pare their lil selfies adequately for UP.. and that is part of the rationale of ongoing DCA tactics.. but yeah, if you don't believe in BTC until it has actually gone up 5x or whatever, then you are less likely to be inspired to buy along the way.. because you don't fucking believe until you see the profits that you could have had, and that is a mental problem and a lack of actual preparing yourself rather than any other excuses... and maybe nothing is really going to cause you to "believe" absent another 20 years of bitcoin being in existence and perhaps seeing some profits within its price?

Naw man..
I haven’t been holding coin for like 7 years because I don’t believe.. (sarcasm)

I was calling for $10k in 2016, everyone thought I was crazy..
I’ve been calling this run $333k since probably 2019, and most everyone thought I was crazy..

It’s not even all about the profits man.. I haven’t been selling at all, unlike many here..

That’s about the biggest problem with this forum, and with this WO thread..
Most everyone is just all about the profits..
Y’all forgot all about the mission..

[Dabs]

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

I replied to that thread, but cross posting here.

For the time being, the trust is not operating any redemption program. Subject to regulatory approvals and the Sponsor’s approval in its sole discretion, Grayscale Trust may reopen the redemption program in the future. Despite the said possibility, GBTC currently shows no intention of seeking regulatory approval for that.

Without a redemption program, GBTC essentially can only purchase Bitcoin but not sell it. The only scenario that GBTC sells Bitcoins is to cover trust fees and expenses.

So things can change in the future, but it looks unlikely.

[lightfoot]

If it dips more I will grab more PayPal btc.

Fine. I just set up the account. And I got tons of virtual confetti and some fake coins....

I feel cheap and degraded now. Because for the first time I don't have all of my keys.

Hm.

[Torque]

Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.

Any large institutional investor that takes up a big long position in bitcoin:

1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.

2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, fees & other costs, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?

[Dabs]

Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.

Any large institutional investor that takes up a big long position in bitcoin:

1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.

2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, cost, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?

Saylor isn't selling ever. As long as he remains CEO of MSTR, MSTR is not selling either. Tesla does not need to sell, so unlikely they will sell.

All of them are in it for 5 to 10 years, they are also aware of halving cycles, but Saylor himself believes the halvings are now irrelevant going forward, as far as institutions are concerned.

We will start seeing publicly traded miners stop selling too, since they can just issue equity, and they will HODL all the BTC they mine.

Small miners will probably still sell to pay expenses.

[macson]

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

https://twitter.com/BootstrapBandit/status/1363662923407720449

strong hand

[jojo69]

[lightfoot]

And on slightly less good news: It looks like Daft Punk has ended their run.

https://www.youtube.com/watch?v=DuDX6wNfjqc

As they say, drat. Off to find my copy of Random Access Memories....

[BitcoinBunny]

Personally.... and thinking about practicality and comfort... I'd prefer the lips to be painted onto the other side of my hand. Just sayin'.  

Also... this was interesting to read and hardly surprising:
https://uk.news.yahoo.com/cheating-sex-affairs-spring-vaccinations-165829895.html

[Erumo]

Not a bad bounce so far. Keep going please.

How long I must wait till boobs jump out?

[friends1980]

I've just set up some buy orders at $2000.

[BitcoinBunny]

Not a bad bounce so far. Keep going please.

How long I must wait till boobs jump out?

$69,696.96

[BitcoinBunny]

I've just set up some buy orders at $2000.

[xhomerx10]

Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.

Any large institutional investor that takes up a big long position in bitcoin:

1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.

2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, fees & other costs, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?

 Not all corps have strong hands.  Take Nextech AR for example.  They purchased 2m worth in late 2020 with a commitment to increase that in 2021 and then dumped it shortly after they tweeted it out.  Weak assed CFO couldnt handle the dip.
 
https://mobile.twitter.com/Xrtoday/status/1349011999393517569

[Wilhelm]

Like all last two cycles this is just whales getting people killed in stoplosses or take profits.
Seen it all before. Can't go up all the time.

This just makes sure only the dedicated strong hand will remain...

More panic sell and panic buying is always welcome....

[BitcoinBunny]

Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.

Any large institutional investor that takes up a big long position in bitcoin:

1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.

2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, fees & other costs, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?

 Not all corps have strong hands.  Take Nextech AR for example.  They purchased 2m worth in late 2020 with a commitment to increase that in 2021 and then dumped it shortly after they tweeted it out.  Weak assed CFO couldnt handle the dip.
 
https://mobile.twitter.com/Xrtoday/status/1349011999393517569

Sometimes you instantly regret getting something when you haven't thought about the negative consequences of that thing that you only saw the good sides of.
https://imgur.com/gallery/y8G9HAe

[El duderino_]

[lightfoot]

Sometimes you instantly regret getting something when you haven't thought about the negative consequences of that thing that you only saw the good sides of.
https://imgur.com/gallery/y8G9HAe

[xhomerx10]

Sorry, but some of you guys here talking about "institutional investors are selling" are still at the Mt. Stupid level of understanding.

Any large institutional investor that takes up a big long position in bitcoin:

1. Is not going to sell mere days, weeks, or months after doing so. They are in it for the long haul.... years.

2. Went through months of internal dialogue, planning, board decisions, and a fucking *mountain* of legal & regulatory hurdles, sessions, paperwork, fees & other costs, etc. just to take up said btc position. You really think after all of that, they're just going to turn around a few weeks or months later and YOLO dump everything on the open market? Really?

 Not all corps have strong hands.  Take Nextech AR for example.  They purchased 2m worth in late 2020 with a commitment to increase that in 2021 and then dumped it shortly after they tweeted it out.  Weak assed CFO couldnt handle the dip.
 
https://mobile.twitter.com/Xrtoday/status/1349011999393517569

Sometimes you instantly regret getting something when you haven't thought about the negative consequences of that thing that you only saw the good sides of.
https://imgur.com/gallery/y8G9HAe

 

 Certainly he regrets selling when he did.  Bitcoin did a 180 right after they pulled the plug.
 I guess it's still better than having a tiger cub piss all over your face.  Weird the way she let him piss all over her face and in her mouth rather than doing something to stop it... Is that some kind of new CFNT(iger) porn?  Not the outcome I expected.