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

[Biodom]

What's the big deal with the 60K number? There is nothing special about it, in my opinion.
Not sure why all these up-down moves around this particular value.
Are we going to see this happening now around any multiple of 10K number?

[LFC_Bitcoin]

What's the big deal with the 60K number? There is nothing special about it, in my opinion.
Not sure why all these up-down moves around that particular value.

Probably whales accumulating in the $57,000 - $59,000 range. Extremely low volume atm so it’s easy scalping.
It works well........until it doesn’t.

We’ll leave $60,000 in the rear view mirror like all other resistances before it.

[bitebits]

First and foremost we wish to make clear: we are 100% committed to converting GBTC into an ETF.

https://grayscaleinvest.medium.com/grayscales-intentions-for-a-bitcoin-etf-b11e4faf4c05

[BitcoinGirl.Club]

NFT?

Isn't that a kryptogartin game?

I am too old for that.

Oooh I meant I have to get 35 more merits to gain a level

You are close!

[Biodom]

First and foremost we wish to make clear: we are 100% committed to converting GBTC into an ETF.

https://grayscaleinvest.medium.com/grayscales-intentions-for-a-bitcoin-etf-b11e4faf4c05

why don't they start with lowering their FAT fees to 0.5% or less (from 2.5%)
2.5% fees are ridiculous for 38bil in btc.
Barry got too complacent and got hit with a negative premium.

[d_eddie]

What's the big deal with the 60K number? There is nothing special about it, in my opinion.
Not sure why all these up-down moves around that particular value.

Probably whales accumulating in the $57,000 - $59,000 range. Extremely low volume atm so it’s easy scalping.
It works well........until it doesn’t.

We’ll leave $60,000 in the rear view mirror like all other resistances before it.

Yeah, Saylor just bought another healthy chunk over 59k... 60k can't resist much longer if you ask me.


EDIT

why don't they start with lowering their FAT fees to 0.5% or less (from 2.5%)
2.5% fees are ridiculous for 38bil in btc.
Barry got too complacent and got hit with a negative premium.

They'll have to. Once the floodgates of ETFs are open, it will be competition to the penny on premiums. In such a context, I reckon 0.5% would be still a bit on the expensive side.

[shahzadafzal]

Another clue look closely

Pairi Daiza?

Seriously man??

[El duderino_]

^
Didn’t saw you calling it correct though

[BitcoinGirl.Club]

Elephant!!! 😂

[friends1980]

Another clue look closely

Pairi Daiza?

Seriously man??

Not sure but if I had to take a guess, I'd say a bull or a bear.

[BitcoinBunny]

Another clue look closely

Pairi Daiza?

Seriously man??

I'm sure I've seen that type of animal used in American politics as a logo. I'd say donkey.

It's either that or it's a Bitcoin humpback whale.

[Kylapoiss]

It's a bitcoin bear who is unable to gain anymore power.

[cAPSLOCK]

Already posted?

https://twitter.com/vikrantnyc/status/1378829801159585793



FWIW, I do not know lot's about Vik Sharma, but I believe he is the developer of the Cake Wallet (Monero) and is considered a fairly reliable, in the know, sort of person... Not likely he would make up stuff like this...

PPS.  Hmm... he is also the person who predicted Oracle was coming in a while back.. so nevermind... probably just baseless rumors.  But I am leaving it for conversation value.

[shahzadafzal]

Elephant!!! 😂

Not sure but if I had to take a guess, I'd say a bull or a bear.

I'm sure I've seen that type of animal used in American politics as a logo. I'd say donkey.

It's either that or it's a Bitcoin humpback whale.

It's a bitcoin bear who is unable to gain anymore power.

Oh boy.... it was just a sarcasm...
because i felt that El duderino_ already gave all the oblivious hints...

Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!

[lightfoot]

There was a time where 59k would be the most incredible thing ever. However after the past few weeks it's been kinda....

[Biodom]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

[Hueristic]

Elephant!!! 😂

https://www.youtube.com/watch?v=6dLxtIImtFU&t=8s

A Frog?

[LFC_Bitcoin]

@RD_btc
Yup BTC

https://twitter.com/rd_btc/status/1379162725843136519?s=21

[soullyG]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

100%, I think eventually we will see secure, trustless DeFi of some description integrated into Bitcorn in one fashion or other. I for one would be happy if we could gain the power of smart contracts, ZK rollups etc (the most useful parts of the shitcoin casino) without sacrificing the security, trustlessness and permissionless nature of Bitcoin. There are some really promising projects in development at the moment that I won't go into further, but I encourage all to be open minded.

In my eyes this is possibly the most maximalist viewpoint you can have, the idea that in the end Bitcoin will absorb any improvements from other chains/coins that are truly useful, thereby rendering all other versions a crappy "imitation" even if they were the originators of the upgrade!

[d_eddie]

Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman?
We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.

Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain).
Sounds unbelievable, basically a decentralized Blockfi.

I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out.
Not sure about specifics, which are important, of course.

How can you actually lend bitcoin and keep valid keys? This is unclear. The devil is in the details, of course. If it sounds too good to be true, it probably isn't, not your keys not your coins etc. But now that's it's "temporarily not your coins", does it imply "temporarily not your keys"?

IOW: This sounds really sweet, but we do need more details about Robin, even if it should cause a few Batman slaps