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

[Kylapoiss]

*SNIP*

Leaving BTC aside, the whole shitcoin shit is gone WAY over the edge, we need a large breather to get that shit sorted out.

Seems to me that you did not word that sentence properly, because we (perhaps royal we?) do not "leave aside" king daddy in this thread.. because the this thread is about bitcoin.. so fuck shitcoins.  On the other hand, I do agree that shitcoin froth is related to bitcoin, so I am not going to battle with you on that point, so likely our only area of contention in this particular sentence pertains to your word choice in leaving aside our savior and the only thing that really matters.. there would be no crypto currencies or shitcoins without such essential element, aka bitcoin.   

Nevertheless, BTC is as strong as ever and the race to 1mil continues steadily. We'll be there soon enough!

Can't really argue with you about this, whether we consider "soon enough" as this cycle, the next cycle or the one after that.  Seems most likely to be coming in the next cycle, but I would not want to presume too much in terms of either this cycle or the following cycle as being reasonable candidates - even though the amount of overshoot to be getting $1 million on this cycle would quite likely cause a quite considerable correction, at least from my current view (speculation of course) of how such an overshoot would end up playing out.

I think we can't not talk about something that affects BTC so much (shitcoins). Stuff that happens in BSC is more than ridiculous and is bad for the whole crypto market. Obviously don't play around there myself but I feel a bit sorry for the people that do. There's scam after scam and people are losing a lot of money.

I think the 1mil BTC is happening in the cycle after next one. No real TA behind this, just a "gut" feeling. And I don't want the price to be lower to buy more (which I'm doing nevertheless) but to get the shitcoin hype to stop, bitcoin is the one moving the whole market and low 20k's would kill lot of the hype.

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[Kylapoiss]

Hello WO bros




wen moon?

Soon^tm


Ten paciencia mujer...!!!!!.  

always loved that way of expressing the patience idea.

But... but.. I want now?


Ok jokes aside, I'm pretty sure we'll go and test low 20k levels and wouldn't that be healthy for the whole market?

Leaving BTC aside, the whole shitcoin shit is gone WAY over the edge, we need a large breather to get that shit sorted out.

Nevertheless, BTC is as strong as ever and the race to 1mil continues steadily. We'll be there soon enough!

I hear it often low 20’s especially hear it when where almost there, guessing lower is more easy speaking as guessing up, but it’s all just fools guessing imho

We have a more as 50% drop imho this is a larger drop with lots of consolidation and more as healthy imho, a bit sideways etc etc but not necessarily needed for low 20’s to be “healthy” if that is the way then I’ll be riding the wave….

But i’m surely NOT sell any of my BTC’s in order of buying them back 2/3 of the price where having now, it would be a very sweet deal NOT?

But I’ll not be betting any of my stash for that…….

Cheers

I do like you and respect your thinking for sure, but imho opinion it’s not necessarily needed to be “healthy”

Yeah I don't play around with my stash like that either, I have tried it in the past and I get burned every single time. Holding is the one and only option.

Respect goes both ways brother

[Kylapoiss]

I can see that you (the dude) like Kylapoiss because you failed/refused to put any kind of proper disclaimer (referring to seemingly worn out #nohomo one... I proclaim that I am not even jealous, either.. he's part of your team.. I kind of understand).

I think most of us are a part of the same team here A frickin' awesome community!

#nohomo

[Arriemoller]

Just popping into ask a quick question.
Is there any free programs that can clean up/make an old movie file sharper.
I have some old VHS home movies that I moved to DVD a long time ago, but they are, well, VHS quality.
I wouldn't mind letting some AI make them 4K. Does anyone have any suggestions?

I figured DLSS tech should be able to do this and did a quick google.

this should point you in the correct direction.

https://www.reddit.com/r/nvidia/comments/9lu3es/dlss_for_video_players/

Thanks!

[ChartBuddy]

Explanation

[modrobert]

If they paid for the electricity and kept everything else legal, and mining was profitable, they could have kept mining with no authorities bothering them for a long time. Eventually, the power company will inspect places that have very high usage to find out what's going on, even if they were being paid accordingly.

I assume there has to be a law in Malaysia making Bitcoin mining equipment itself illegal, because it does not makes sense for the police to destroy legal mining equipment due to stealing electricity.

[ChartBuddy]

Explanation

[Spaceman_Spiff_Original]

Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!

As far as I know this is related to the internal, i.e. secondary Grayscale market. Grayscale is selling to the spot market only up to 2% yearly for the fees.

Yep, I don't uderstand the fear with this. If the sell the premium goes further negative, so what. Hell, some of the dollars from those sales may go back into BTC, and if the were playing the premium maybe they have shorts to close at the same time.

I'm not saying its bullish, especially with market sentiment right now, but it certainly isn't some kind of massive bearish event.

The more negative the premium becomes, the more interesting it becomes to arbitrage the price difference by buying GBTC and selling BTC spot on exchanges.  This thus gives a sell pressure on the normal BTC market.
Of course, there are some uncertainties in this play (when does GBTC change into an ETF with lower fees and the ability to convert GBTC back into actual BTC etc.), but the more negative it goes, the more reasonable the risk/reward becomes.  Right now you lose 2% each year you hold GBTC (in fees, not taking into account whatever the premium does).

[ImThour]

Source: https://twitter.com/giorgos_fran/status/1416770568293126149/photo/1

[ChartBuddy]

Explanation

[Hueristic]

Google came up with this nifty fact checking utility.



Welp, guess that's the end of fake news!

So I had to allow "GoogleTagManager" domain to use this and then it came up for zero hit on "Google is spying on me".

So yeah I think I can trust this tool.

https://toolbox.google.com/factcheck/explorer/search/Google%20is%20spying%20on%20me;hl=en


So in short google is not totally spying data mining what I am searching on that site.


Also totally not a conspiracy that the search "JJG is a AI" came up with zero hits as well.

[BlackHatCoiner]

Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!

I’ve been expecting paper hands to start a sell off today. Doesn’t seem to be happening yet. If we can close above $31,000 today then surely it’s the bottom and we can start going up again soon?

[d_eddie]

BULLFC_Bitcoin 

[nutildah]

Also totally not a conspiracy that the search "JJG is a AI" came up with zero hits as well.

Safe to say Google totally dropped the ball here if they can't get basic conspiracies right.

[LoyceV]

Largest Grayscale unlocking is today. Second largest comes the day after tomorrow. A few more days of this relentless ball grating, guys. We're not all titanium trained Bawbs, but I'm sure we can all manage. Chin up!

I’ve been expecting paper hands to start a sell off today. Doesn’t seem to be happening yet. If we can close above $31,000 today then surely it’s the bottom and we can start going up again soon?

I stumbled upon the Grayscale thing several times in the past week, and it got me thinking: if some people are assuming this will lead to a drop in price, that also means at the same time others are assuming they can buy cheaper coins. So all in all it might not matter much, or could even lead to a price increase when it turns out nobody is dumping 16,000 Bitcoin on the market.

[Tash]

If they paid for the electricity and kept everything else legal, and mining was profitable, they could have kept mining with no authorities bothering them for a long time. Eventually, the power company will inspect places that have very high usage to find out what's going on, even if they were being paid accordingly.

I assume there has to be a law in Malaysia making Bitcoin mining equipment itself illegal, because it does not makes sense for the police to destroy legal mining equipment due to stealing electricity.

The whole story is bullshit. They cant destroy anything before there is a conviction and case is closed.
There is proper machinery to destroy something a road-roller is not it. https://youtu.be/5n-n-i9JqEI

[ChartBuddy]

Explanation

[philipma1957]

Says they were fined 1900 usd. so that implies a conviction.