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

[ChartBuddy]

Explanation

[1715155042]

1715155042

[1715155042]

1715155042

[1715155042]

1715155042

[BobLawblaw]

 

[Biodom]

Stash equal to, say, 10-20 ranches (or lakes) X0.16= 2-3 more ranches (or lakes, whichever it is) 

[AlcoHoDL]

It's started.
To those who endured: you deserve it.
Enjoy the ride.

[Biodom]

It's started.
To those who endured: you deserve it.
Enjoy the ride.

it's hard to believe...after so many jarring setbacks.
Looking just at the 200wk average would help to maintain sanity.
That's pretty much the only thing @JJG got right.

[ivomm]

Good morning WO gang! Is this the reason for this rally?

https://cointelegraph.com/news/new-tickers-and-ark-filing-shows-bitcoin-futures-etf-approval-imminent-analyst

Futures based ETF is not a thing - it only creates an artificial inflation, IMO. And that is the purpose of those who are afraid of Bitcoin. On the other hand, once approved there will be less arguments to deny further a spot based ETF, which is good. At least it will revive Grayscale trading which is dead rn. Anyway, the supply shock is what really matters. As usual, when revisiting the previous ATH, it is done with 2-3 times less volume, which is understandable. The second time the hodlers are not tempted to sell anything. This is visible by the comments here as well. Nobody is really excited about these prices. No rockets, choppers, etc. But it feels good to see all these weak hands biting their nails for selling on a loss at 30K.  

[OutOfMemory]

if you are willing or able, you can borrow the mobile phone of your wife, gf, child or parents for these few minutes and quickly take a photo
that's how it was in my case too, and certainly with the other two bros as well

I've heard that some people possess a new kind of device where they have separated the picture taking functionality from the phone into its own module. My sources say that this may be called a "camera"

Sadly this new tech only exists in laboratories.  As it always happens it'll be years before it reaches the commercial market.

(disclosure:  I own and often use an AE-1, somehow I can still do better with that than anything digital)

My first SLR camera, uh no... in fact my dad's cam but the first he let me use back in the days.
I remember that 200mm tamron push-pull zoom was fascinating to shoot with. I think it also preserved focus over the whole zoom range.
He kept it, for his collection, along with some old rollei and agfa "compact" cameras (with these bellow/hatch lenses).

Strangely, when he got his first 3MP DSLR, he ended up looking for software to emulate the old analog "look", while scanning hundreds of slides to convert into jpg.
He should maybe better been staying in the analog domain, imho.

On topic:
Saw today's morning candle, which i was expecting yesterday. Honey badger hunting highs again  

EDIT: $60k seems to become a tough nut to crack 

[infofront]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.

[OutOfMemory]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.

That's the way. I remember reading "we're still so early" more often recently on twatter. 2017 all over again?

[AlcoHoDL]

I'm dying to watch the next Saylor interview with Laura anyone.

It will be so much fun. "Bitcoin is the apex of humankind's most advanced, thermodynamically closed monetary energy system. To those who sell it: I just pity them!"

[somac.]

Good morning WO gang! Is this the reason for this rally?

https://cointelegraph.com/news/new-tickers-and-ark-filing-shows-bitcoin-futures-etf-approval-imminent-analyst

Futures based ETF is not a thing - it only creates an artificial inflation, IMO. And that is the purpose of those who are afraid of Bitcoin. On the other hand, once approved there will be less arguments to deny further a spot based ETF, which is good. At least it will revive Grayscale trading which is dead rn. Anyway, the supply shock is what really matters. As usual, when revisiting the previous ATH, it is done with 2-3 times less volume, which is understandable. The second time the hodlers are not tempted to sell anything. This is visible by the comments here as well. Nobody is really excited about these prices. No rockets, choppers, etc. But it feels good to see all these weak hands biting their nails for selling on a loss at 30K.  

Other benefit of any ETF is that the "the government going to ban it" people have far less ammo than before. In fact, it should blow that shit almost completely out of the water and all the investors who were avoiding for this reason now no longer have that excuse.

[Biodom]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.

That's the way. I remember reading "we're still so early" more often recently on twatter. 2017 all over again?

I honestly don't think right here is "so, so early", maybe like 2003-2004 in the Internet time frame. Those who say we are in the first inning are probably incorrect..in feels like the bottom of the 3rd  .

[ChartBuddy]

Explanation

[shahzadafzal]

[becoin]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.

That's the way. I remember reading "we're still so early" more often recently on twatter. 2017 all over again?

I honestly don't think right here is "so, so early", maybe like 2003-2004 in the Internet time frame. Those who say we are in the first inning are probably incorrect..in feels like the bottom of the 3rd  .

Things will change in a big way if:
1. Bitcoin becomes unit of account in international trade.
2. The leading currency pair for trading and risk valuation becomes gold/bitcoin instead of dollar/bitcoin.

Until that happens banksters will continue to suppress bitcoin price by naked short selling on the 'regulated' markets and whenever they fail bail themselves out by printing more $$$.

[Paashaas]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

It's not ideal (futures backed with Bitcoin is beter) and it will be not that bad at all as it happend with gold because Bitcoin has a limited supply of coins plus the tech is in his early stage.

[Paashaas]

https://twitter.com/TechDev_52/status/1448852391047147522

[serveria.com]

[serveria.com]

Watching green dildos is so satisfying... 

[ChartBuddy]

Explanation