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

[dieselmeister]

https://twitter.com/TosinOlugbenga/status/1364988387254546434

In the US, Stone Ridge has filed with the US SEC to add #Bitcoin to its diversified alternatives fund. Stone Ridge will be able to start buying #Bitcoin on April 26 as per the filing.

[1715430484]

1715430484

[Dabs]

But "the price" is made of sell and buy orders. Who was selling at 6000$ ?

They said some whale made the mistake of trying to sell it on the BTC/ETH pair or something and fat fingered 300k PHP (or $6k USD) ... someone supposedly sent 300k BTC to the exchange not wanting to get USD out of it for whatever reasons.

What is to be believed, I'm not sure we'll ever know, unless they say something about it again. People are just speculating on what really happened.

[d_eddie]

Playing tricks with fractional reserve is my guess. Lost a few bucks. Live and learn. Or die, whatever.

This is HARD money
fucking around with the corn
you deserve your tears





#haiku

[Torque]

https://twitter.com/btc_archive/status/1364966741353324549?s=21

Wth is 'illiquid supply' and why is it tracked separately from 'liquid supply'?

[AlcoHoDL]

But "the price" is made of sell and buy orders. Who was selling at 6000$ ?

They said some whale made the mistake of trying to sell it on the BTC/ETH pair or something and fat fingered 300k PHP (or $6k USD) ... someone supposedly sent 300k BTC to the exchange not wanting to get USD out of it for whatever reasons.

What is to be believed, I'm not sure we'll ever know, unless they say something about it again. People are just speculating on what really happened.

The problem for them is that, since the BTC have already been withdrawn from their system, there's nothing they can do about it. They set the rules of their system, users just used it. No hacking or other illegal activity involved. The same thing applies to normal banks (yes, the ones we hate so much). If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

They need to fire their server programmers ASAP.

[hisslyness]

Motherfuckers are trying to link bitcoin to domestic terrorism in the USA.  Live hearing:
https://youtu.be/srCtXCY9GNg

The true news that isn't fake news is that the only reason the fake bitcoin money is above $10k right now is because of deep state terrorists. I've confirmed this with proven sources and proven calculations. The safest thing to do right now is maximum leverage bitcoin shorting, which is beginning to happen and which is why bitcoin is falling back into its natural extreme downtrend. Some proven confirmation can be seen here:

Wow! 4 days of data and you can prove the outcome! or as you say it must be math...

[LFC_Bitcoin]

https://twitter.com/btc_archive/status/1364966741353324549?s=21

Wth is 'illiquid supply' and why is it tracked separately from 'liquid supply'?

“78% of the circulating #Bitcoin supply is illiquid and therefore hardly accessible for buying. This points to a bullish investor sentiment as large amounts of $BTC are being hoarded – which reduces sell pressure.”

Glassnode further pointed out that there is only 4.2 million Bitcoin in constant circulation, which are available for buying and selling. The analytics firm added that 14.5 million BTC are classified as illiquid, and Bitcoin liquidity is defined as the average ratio of received and spent Bitcoin across entities.

According to Glassnode, the recent Bitcoin bull run was partly due to the emerging Bitcoin liquidity crisis, as 1 million additional Bitcoins have become illiquid as investors are hodling in 2020. Glassnode added:

“The amount of liquid/illiquid #Bitcoin supply has a clear relationship with the $BTC market. Since 2017 the illiquid BTC supply has grown more than the newly mined supply – a pattern we have observed in the bull run of 2017 as well. Bullish, as long as this remains the case.”

www.blockchain.news/postamp%3fid=78-circulating-bitcoin-supply-illiquid-clear-bullish-indicator-btc-hoarded

[jojo69]

“You and your clients Tulip Trust Limited and Craig Steven Wright, and their agents, are hereby placed on notice that our client and many others similarly situated have an equitable interest in the itcoin held at 1Feex address in an amount not less than, and likely exceeding, $17,500,000 … Your client owes our client, and likely others, a legal and equitable duty to hold any funds received by your client … on constructive trust for our client or others similarly situated.”

If Wright never had control over the bitcoin in the 1Feex address and can confirm this fact, then the two parties “may avoid any unnecessary litigation"

[Elwar]

Motherfuckers are trying to link bitcoin to domestic terrorism in the USA.  Live hearing:
https://youtu.be/srCtXCY9GNg

People who believe the US Capital building is some sort of sacred building that was disgraced by unwelcome freedom lovers entering it undeterred need to acknowledge that they see the state as a religion.

Also, people who don't understand why this is such a big deal need to acknowledge that the US Capital building is considered a religious temple and it was disgraced by non believers. It will help you understand why they hated Trump so much. The person in their highest religious position, akin to the pope, not treating the office as they believe it should be treated...

The state as a religion makes so much more sense. The fact that truth is ignored and replaced with whatever is necessary to continue the religion with whatever means is possible will give you a better understanding of what you are working with. A faith with a never ending changing nature determined by those in the most holy and sacred positions.

Taxes are their tithing, they get so upset when you don't contribute your fair share to their religion. The fact that we are not using their holy money pisses them off to no end.

[Elwar]

“You and your clients Tulip Trust Limited and Craig Steven Wright, and their agents, are hereby placed on notice that our client and many others similarly situated have an equitable interest in the itcoin held at 1Feex address in an amount not less than, and likely exceeding, $17,500,000 … Your client owes our client, and likely others, a legal and equitable duty to hold any funds received by your client … on constructive trust for our client or others similarly situated.”

If Wright never had control over the bitcoin in the 1Feex address and can confirm this fact, then the two parties “may avoid any unnecessary litigation"

Nice. How does one confirm that they never had control over something?


Oddly enough, here in Panama they have a "guilty until proven innocent" legal structure for civil cases. This usually happens in domestic cases where the woman will claim that her husband abused her or her children during a divorce proceeding and the man now has to prove that he did not.

A friend of mine said basically that if I am ever sued for something someone claims I did, I need to immediately do the same to them. It does not matter if it is true or  not.

[Dabs]

https://finance.yahoo.com/news/options-trading-begin-purpose-bitcoin-133000115.html

TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is thrilled to announce the TMX Group will begin listing options around Purpose Bitcoin ETF (“the ETF”) today on the Montréal Exchange.

So, how does it work? If I am long bitcoin, what options would someone buy if they are long bitcoin and expect prices to go up?

[shahzadafzal]

https://twitter.com/btc_archive/status/1364966741353324549?s=21

Wth is 'illiquid supply' and why is it tracked separately from 'liquid supply'?

“78% of the circulating #Bitcoin supply is illiquid and therefore hardly accessible for buying. This points to a bullish investor sentiment as large amounts of $BTC are being hoarded – which reduces sell pressure.”

Wow that’s very interesting never thought of this way. But how do they track liquid and illiquid supply?

Let  me guess... So  all the bitcoins on “exchanges”  are the liquid supply? And any other Bitcoins that exist anywhere in my wallet or your wallet or any other wallet is a illiquid supply?? Is it?

But still that does not make any sense... let say if I transfer my bitcoins to someone in return of any service or product shouldn’t it be considered as circulating supply? I think I’m seriously wrong somewhere...

[AlcoHoDL]

https://twitter.com/btc_archive/status/1364966741353324549?s=21

Wth is 'illiquid supply' and why is it tracked separately from 'liquid supply'?

“78% of the circulating #Bitcoin supply is illiquid and therefore hardly accessible for buying. This points to a bullish investor sentiment as large amounts of $BTC are being hoarded – which reduces sell pressure.”

Wow that’s very interesting never thought of this way. But how do they track liquid and illiquid supply?

Let  me guess... So  all the bitcoins on “exchanges”  are the liquid supply? And any other Bitcoins that exist anywhere in my wallet or your wallet or any other wallet is a illiquid supply?? Is it?

But still that does not make any sense... let say if I transfer my bitcoins to someone in return of any service or product shouldn’t it be considered as circulating supply? I think I’m seriously wrong somewhere...

No need to over-analyze it. The gist of it is that the big players have now "seen the light" and are accumulating large sums of BTC with the aim to HoDL long-term, meaning that there's less and less BTC that's available to buy & sell. Your wallet and my wallet are just dust compared to the amounts we're talking about. Price has only one direction to go in response to this, and that is UP!

[d_eddie]

https://finance.yahoo.com/news/options-trading-begin-purpose-bitcoin-133000115.html

TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is thrilled to announce the TMX Group will begin listing options around Purpose Bitcoin ETF (“the ETF”) today on the Montréal Exchange.

So, how does it work? If I am long bitcoin, what options would someone buy if they are long bitcoin and expect prices to go up?

If you use options to hedge, you assume (hedge for the possibility) that it will go down.
If you want to double down on your UP bet (implicitly made by hodling), you buy OOM calls.

[BobLawblaw]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

[aesma]

But "the price" is made of sell and buy orders. Who was selling at 6000$ ?

They said some whale made the mistake of trying to sell it on the BTC/ETH pair or something and fat fingered 300k PHP (or $6k USD) ... someone supposedly sent 300k BTC to the exchange not wanting to get USD out of it for whatever reasons.

What is to be believed, I'm not sure we'll ever know, unless they say something about it again. People are just speculating on what really happened.

If the whale fucked up then the whale gave away his coins, there should be no problem for the exchange.

Unless they have a trading bot that participated, "thinking" that the price was not problematic.

[Richy_T]

This. Not to speak publicly about it but imagine having someone sue you just as you're trying to sell off a very expensive floating asset that costs a lot of money to maintain. Knowing that the longer they keep you from selling said asset, the more desperate you become. To the point where it's better just to hand over millions to make the suit go away.

Although that is definitely one way to use the system, it seems nearly everything Wright does is an attempt to legitimize his absurd claim of being Satoshi (or occasionally some other aspect of his dealings) and that's usually the angle to look at first. If there's an act that will cause someone with some kind of authority to write his name adjacently to Satoshi's, he'll give it a go.

Jail I'm not sure, but he does have a few dates of his own in court... only a matter of time before some shit hits the fan in his own living room.

It beggars belief how much he's been able to skate on while committing perjury in court.

[OutOfMemory]

[snip]

It looks funny, who is it ?

I think it's an actor from the first star wars trilogy, the movie (episode 6?) with the brown little bears Ewoks on Endor, the wood planet (IIRC), playing one of the rebels taking over the federational post that is somehow important to destroy the new death star. Photoshopped onto some male "model" showing off really ugly clothes, probably destined  for some kind of perverted fetish.

[Richy_T]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

[aesma]

This. Not to speak publicly about it but imagine having someone sue you just as you're trying to sell off a very expensive floating asset that costs a lot of money to maintain. Knowing that the longer they keep you from selling said asset, the more desperate you become. To the point where it's better just to hand over millions to make the suit go away.

Although that is definitely one way to use the system, it seems nearly everything Wright does is an attempt to legitimize his absurd claim of being Satoshi (or occasionally some other aspect of his dealings) and that's usually the angle to look at first. If there's an act that will cause someone with some kind of authority to write his name adjacently to Satoshi's, he'll give it a go.

Jail I'm not sure, but he does have a few dates of his own in court... only a matter of time before some shit hits the fan in his own living room.

It beggars belief how much he's been able to skate on while committing perjury in court.

However his lawsuit wanting to force core developers to give him coins (as if it could work even if they did, miners would have to agree !) is quite a big hint that he can't possibly be satoshi, it's so against BTC's concept !