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

[AlcoHoDL]

…..

Saying it's nonsense doesn't make it so, disprove the claims or get the fuck out of our thread.

As a general rule, it’s the job of the person who makes the claims to prove them true.
Not the job of the person who calls the claims nonsense to disprove them.
I can’t disprove the claim there’s an almighty invisible sky fairy living in the heavens.
But I still call the claim nonsense anyway.

+1 WOsMerit

[1713496255]

1713496255

[1713496255]

1713496255

[JayJuanGee]

all-in

Well, if you have been buying all the way down, and you run out of money.. there are not going to be too many options.. would not seem to make any sense to do anything other than HODL.. and maybe hope that you have some more cashflow coming in at some point so that you can buy some more.. .if you dare.

WTF is happening?

More sellers than buyers.

 

[Millionero]

there’s an almighty invisible sky fairy living in the heavens.

You talking about Bawb?

[Biodom]

https://twitter.com/saylor/status/1484350119944208385?cxt=HHwWgoCq2bqkvJkpAAAA

Was it a SPAC? down 19%, just today. btfd?
I would definitely put it on my stocks to watch list, though.

[Mbitr]

Red chilli or green chilli next 




https://twitter.com/0x_vinyl/status/1484405435432161280?s=21

[ChartBuddy]

Explanation

[YourMother]

"Hedge against inflation", "Muh institutions" while the shitcoin can't even trade at 2x over the previous all time high of fucking 2017 lol (reminder that we are in 2022)

[suchmoon]

Was it a SPAC? down 19%, just today. btfd?

Special purpose acquisition company... basically Wall Street bullshit that takes "shelf company" to a whole new level. They create a SPAC that does absolutely nothing but is listed on e.g. NASDAQ, with the sole purpose of eventually merging with an actual business (who presumably will want to merge with you because that gives them instant listing on NASDAQ). The SPAC "sponsors" - typically banks or venture capital firms - take their cut upon completing the merger and don't give two shits about the actual business. Not that I really mind Wall Street finding new ways to separate TikTok and Reddit kids from their money. Survival of the richest.

[Biodom]

Was it a SPAC? down 19%, just today. btfd?

Special purpose acquisition company... basically Wall Street bullshit that takes "shelf company" to a whole new level. They create a SPAC that does absolutely nothing but is listed on e.g. NASDAQ, with the sole purpose of eventually merging with an actual business (who presumably will want to merge with you because that gives them instant listing on NASDAQ). The SPAC "sponsors" - typically banks or venture capital firms - take their cut upon completing the merger and don't give two shits about the actual business. Not that I really mind Wall Street finding new ways to separate TikTok and Reddit kids from their money. Survival of the richest.

yes, but look at the anchor sponsor-Black Rock.

https://www.bloomberg.com/news/articles/2022-01-20/north-america-s-biggest-bitcoin-miner-to-debut-after-spac-vote

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock ilk are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

Core Scientific had mining capacity of 6.6 exahash, or a measure of computational power, for its own account and 6.9 for hosted customers, for a combined 13.5 exahash of processing power at the end of last year. That exceeded the company’s previously issued outlook for 11 by the end of 2021. They also had a stockpile of 5,296 Bitcoin.

Marathon Digital Holdings Inc. had a 3.5 exahash rate at the end of December, and Riot Blockchain Inc., 3.1 exahash, respectively, though both companies have projected sharp gains in processing power for the coming year.

13.5 exahash is 6.7% of ALL btc hash power, using today's numbers (could be more if hash data for them is older than today's).

[suchmoon]

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

I think they're already loaded to the brim after 10+ years of bull run... just a matter of selling before the peasants.

Look at Netflix today, fucking hell.

[Torque]

SPACs are basically the shitcoins/NFTs of the Wall Street world now. Just Pink Sheets 2.0 for the get-poor-quick meme generation.

Insiders divest on launch, getting rich whilst leaving the late investors holding worthless bags.

[ChartBuddy]

Explanation

[Biodom]

SPACs are basically the shitcoins/NFTs of the Wall Street world now. Just Pink Sheets 2.0 for the get-poor-quick meme generation.

Insiders divest on launch, getting rich whilst leaving the late investors holding worthless bags.

just the matter of price.

may 13.5% of all hash power mining in a energy-efficient mining operations generate good earnings?
If you think that it is not, long term, then bitcoin is not really sustainable at the miner level.

[Biodom]

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

I think they're already loaded to the brim after 10+ years of bull run... just a matter of selling before the peasants.

Look at Netflix today, fucking hell.

I was 1.5-2 years early with netflix puts, but because of incredible volatility in March of 2020, I was able to sell NFLX puts (that were still $50 out of money) for a small profit.
In normal conditions, they should have been worth close to zero.

[savetherainforest]

Where da meme at?

It's a bit meta. yellow's alt is Robert Malakas on Twitter, posted the newsflash ALLCAPS earlier today, and it seems to pretty much exactly coincide with the dildos.

Bob... you got to stop looking in the mouth of snakes that sell magical oil. And look what the big movements are, like for example that acquisition of Activision-Blizzard-King from Microsoft. And all those shareholders that got 69 billion $ US to just, do nothing with them?  (I mean, the deal is not 100% done, but it is kinda 99%........ But meanwhile they are in limbo, they need to move money and park it somewhere.)

I'm not certain that stocks will be too much of their interest when it comes to billionaires and their money. They like control too much. And as much as I am sure that many of those billions will not go to crypto. From almost 70 billion, I am sure that at least 10 billion will go to crypto, until they will find their new pet company that they would like to control. And 10 billion might not be much in crypto, but it might sustain a pump and create even more scarcity.


And that was just an example. Many more such controversy hush-hush selloffs and shady billion dollar deals are made all over the place.   
They run away from inflation and madness of the system. They seek refuge. And they will park their money into crypto without shadow of a doubt.     

[Torque]

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

I think they're already loaded to the brim after 10+ years of bull run... just a matter of selling before the peasants.

Look at Netflix today, fucking hell.

I was 1.5-2 years early with netflix puts, but because of incredible volatility in March of 2020, I was able to sell NFLX puts (that were still $50 out of money) for a small profit.
In normal conditions, they should have been worth close to zero.

Netflix got pumped +20% since July. There are only back where they started then, yet people are ready to bail?

Not that I care, I'm not a Netflix investor so meh.

[OutOfMemory]

There is volume and resistance, bulls are still fighting.
Curious how the weekly candle will look like.

off to bed, have a good #hodlsleep

[ChartBuddy]

Explanation

[El duderino_]

Damn again dipping 

Curious which HODLer prefers this instead of HODLing etc

Definitely some people are mindrusting and some will get mindrusted…..

[ChartBuddy]

Explanation