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

[JayJuanGee]

JJG..

I think we start to annoy the other WO members.

The purported annoyed ones (to the extent that they actually exist) can fuck off then.. because we are talking about substance.  BTC price moving and tracking at its core.  What else could be more relevant and "of interest" to peeps in these here parts?

I am convinced that my explanations are clear so no need to write 1 page more on it.

Well stick to the offers that are on the table, or make a counter-offer.. Do whatever the fuck you like, but don't tell me what to do.

I want to bet,

If you really wanted to bet you would stick to working out the terms rather than waffling on about bullshit (even if your posts happen to be shorter than mine).

but as a real BTC Hodler gentleman. So with REAL amount, not 100K satoshi, come on...

You see what?  You are harping and focusing on something that I already stated as a limit.. and we have not even worked out other terms of the bet.. you disingenuine fucktwat.. .. so you are coming off as more unwilling to really want to work things out than anything with your ongoing purported desires to focus on this quantity aspect...and by the way, I think that my proposed bet amount is way higher than previous ones that I proposed that would have been in around the $5 equivalency amount.. this one is like 4x higher.. probably due to inflation.. everything costs more these days.. (almost).

you should be retrograde from "legendary" to "newbies" statut by saying that.  

Aren't you the most grand of folks... gentlemen.. give me a break.  Didn't the gentlemen in my fair lady bet $1 or something like that?

About the odds, i would be agree on :

1/1 : 15K
1/9 : sub 10K. I told you 10%+, i didnt say 25%. so not 1/10 but 1/9. You seem to have a better "edge" as you said between 1.5 to 4.5% for that level.

I would have to think about it.. We are not just talking about your odds, but the difference between my odds and your odds.. .. so let me think about the sub $10k a bit more in terms of whether I might be wiling to go higher than 1/4 to one and even come close to wanting to do 1/9 to one.. If we do those higher amounts, then probably we would have to bring down the bet size.. .in order to keep it reasonable from my perspective.  Of course, there might be guys who are way more than willing to both give you the odds but also increase the amounts because there are quite a few guys who would likely consider sub $10k to be a lot closer to impossible than my own point of view or my own willing to bet against it... but from my perspective, I will think about that one more.

Give a decent amount to bet please, otherwise it's more than boring.

Look you cannot stop.  What's your fucking problem?  Do you have patience at all?  And like I said if you were somewhat reasonable in working out the terms,
then you never know about some guys maybe wanting to increase the quantity if that is what you are hoping to do.. but no you likely do not give any shits about actually betting with anyone else because you are just playing around with me in terms of a bet that you are not even seriously entertaining beyond whining about it.

In regards to my sub $13k proposal you have not even made any comment(s) on that, yet.

We can find a middle btw 1 BTC and 0.001 BTC... Don't you have bull balls?  

and again.. ?    You're like a kid in a candy store, and I am thinking:  "I should not have brought this damned kid into this store.. fuck."

JJG..

I think we start to annoy the other WO members.

I am convinced that my explanations are clear so no need to write 1 page more on it.

I want to bet, but as a real BTC Hodler gentleman. So with REAL amount, not 100K satoshi, come on... you should be retrograde from "legendary" to "newbies" statut by saying that.  

About the odds, i would be agree on :

1/1 : 15K
1/9 : sub 10K. I told you 10%+, i didnt say 25%. so not 1/10 but 1/9. You seem to have a better "edge" as you said between 1.5 to 4.5% for that level.

Give a decent amount to bet please, otherwise it's more than boring.

We can find a middle btw 1 BTC and 0.001 BTC... Don't you have bull balls?  

You should get involved in this goldkingcoiner.. You're a betting man.. for sure... even if an "accidental" one who pushes on the wrong buttons and with fat-ass thumbs.. #nohomo.. .hahahahahaha

[ChartBuddy]

Explanation

[eXPHorizon]

Like 10 ppl are reading JJG crap other 10k got him on block 😆

[El duderino_]

[cAPSLOCK]

It is FAR too early to say the word "decouple" but...

Nasdaq Down
Dow Down
Gold Down
Silver Down
Oil Down
All currencies but $ and ¥ Down (some crazy down
Bonds PUMPING

Bitcoin... ... UP.

[Biodom]

ha ha...at first I did not get it..
..it is is not as bad in the states (so far), "only" 40-50% increase in my electricity bill, nat gas is still not much in use with temp about 33-34C in H-town.

[ChartBuddy]

Explanation

[gallianooo]

@JJG

-When you are "decided" send me a PM.

- I'm not interested for 13K$ level, that's why i didnt talk about. We can bet for 15K and 10K-

- I will no go below what I proposed for the %

- I don't go too if you just want to bet that small amount. If you reconsider to a higher amount and/or find some 'bet partners" let me know

- I am not a gambler but when someone is swagger (and I have in mind my probabilities) I assume and go in.

[ThemePen]

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days.


GBTC discount or premium to NAV 3-year chart on September 26, 2022.

https://news.bitcoin.com/grayscales-gbtc-discount-to-nav-breaks-records-as-spread-widens-by-more-than-35/

[cAPSLOCK]

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days.


GBTC discount or premium to NAV 3-year chart on September 26, 2022.

https://news.bitcoin.com/grayscales-gbtc-discount-to-nav-breaks-records-as-spread-widens-by-more-than-35/

Bitcoin derivatives are risk encapsulated. 

Sadly I will be dead before everyone else figures this out.  Smart enough to know that, not quite smart enough to profit from it as greatly as I could have.  Such is the way of life..


https://www.youtube.com/watch?v=qYocJ1Xhzk4

[ChartBuddy]

Explanation

[JayJuanGee]

Like 10 ppl are reading JJG crap other 10k got him on block 😆

And?  Do you have a point?

@JJG
-When you are "decided" send me a PM.

I doubt that we are even close to deciding.  I will post anything here.. and of course, I could send you a reminder of my post if there might be a counter-offer, but I really don't see much if any need to take any of this discussion off-line except maybe to remind you in the event that I might have decided to make any counter-offer beyond anything that I have already been mentioning.

- I'm not interested for 13K$ level, that's why i didnt talk about. We can bet for 15K and 10K-

$15k we might be close.  Perhaps?  I cannot really tell for sure with your dickering around about quantity that you would like to bet.

You also did not mention anything in regards to my attempt to frame your absolutist assertions in regards to our current local low of $17,593 into a bet.  You said that it was "obviously" in some kind of a contention and I had proposed giving me 20/1 odds based on that kind of an assertion, but still we would have to clarify what you meant by that - because those kinds of strong statements do potentially become bettable. 

- I will no go below what I proposed for the %

I am not sure what you mean, here.. I suppose that you are talking about $10k as a 9/1 odds kind of a bet.

- I don't go too if you just want to bet that small amount. If you reconsider to a higher amount and/or find some 'bet partners" let me know

That would be a deal breaker from my end then since I already stated it and you seem to being a bit of an ass about the whole matter, from my perspective.

I am not looking for any bet partners you fuck.. and we are posting these matters in a public thread so anyone can chime in if they want or if they think there might be something that they are willing to bet or propose as a bet based on our discussion of the matter so far.

- I am not a gambler but when someone is swagger (and I have in mind my probabilities) I assume and go in.

I would proclaim that you are the one who came in here with swagger that you have shown that you are not willing to back up.. so your behavior up until now is not really convincing me otherwise.. .. so perhaps we can agree do disagree regarding who we might believe is the one with high levels of swagger.
 

[Arriemoller]

Now Italy has voted for populists in the hope they can do something. That will end it tears, most probably.

You can't blame them. If they vote for populists, it means they're desperate and not sure they'll be able to pay their bills. They're fed up with their government and want change. I know that sounds childish and naive like a poor person going to a casino and going all in but you can't judge them.  

Sorry, wrong one.

Here's the right link.

https://www.youtube.com/watch?v=POaQStW1Cto

[Biodom]

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days.


GBTC discount or premium to NAV 3-year chart on September 26, 2022.

https://news.bitcoin.com/grayscales-gbtc-discount-to-nav-breaks-records-as-spread-widens-by-more-than-35/

It's becoming quite scandalous, considering that Barry is still collecting his 2% on a yearly basis.

[ChartBuddy]

Explanation

[Gachapin]

It is FAR too early to say the word "decouple" but...

Nasdaq Down
Dow Down
Gold Down
Silver Down
Oil Down
All currencies but $ and ¥ Down (some crazy down
Bonds PUMPING

Bitcoin... ... UP.

The cool thing about Bitcoin is that opposed to other assets it can be decoupled.  (of course, it can also be moved in unison with other markets, like we saw in the recent years.)

But if big money decides they need a decoupled asset, Bitcoin will probably do it better than anything else.


Same with the climate topic. 
BTC can not only support "dirty" energy sources as well as clean energy sources. But it can be used to develop clean energy sources and simultaneously help fulfilling corresponding important grid requirements. 
With its mining BTC can even go beyond CO2 neutral and become net negative.


Yes, BTC can be used as a speculative shitcoin.  But it can also serve as the most advanced monetary property that is available to humanity.  ...property in form of digital information secured by energy and the law of conservation of energy. ...pretty futuristic if you ask me


The whole world hasn't recognized it yet, but Bitcoin is quite a do-it-all invention, a jack of all trades.
It is very versatile and "we" are still at the beginning, playing around with it like idiots without using its full potential yet.

[Arriemoller]

Come on ChartBuddy
Stop dominating this thread
Stopping you at four

I think if I ask ChartBuddy to stop, it won't stop. Because his posts are robotic. He always gives us bitcoin news in a somewhat robotic way. I can't find any other posts on his account.
So I don't think he can be stopped.

Why don't you write a haiku for us please.

[Arriemoller]

My horse riding days are behind me. Getting older and don't want to risk a Christopher Reeve kinda situation. Safer to drive around the property on a 4 wheeler John Deere Gator. And can carry more practical load than horseback.

The horse's strength is now only needed in the body. No one in this modern civilization depends on horse to transport anything. Now everyone uses four wheelers for transportation. Because cars can transport more and more safely than horses.

You are really one of the lousiest bots ever in this thread.

[ChartBuddy]

Explanation

[fr4nkthetank]

Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days.


GBTC discount or premium to NAV 3-year chart on September 26, 2022.

https://news.bitcoin.com/grayscales-gbtc-discount-to-nav-breaks-records-as-spread-widens-by-more-than-35/

So this is real interesting.  Remember the GBTC arbitrage trade that no longer works : from bloomberg https://www.bloomberg.com/news/articles/2021-03-10/-slam-dunk-bitcoin-arbitrage-fizzles-for-biggest-crypto-fund "When that happens, hedge funds swoop in to take advantage. They borrow Bitcoin, deposit the coins with GBTC in exchange for shares that are more valuable than the coins they bought, and they pocket that profit by selling the marked-up shares after a six-month lockup period expires. Thanks in part to the trade’s popularity, GBTC’s assets have swelled to over $35 billion from about $1.5 billion a year ago."

Now we are at just under 12 Billion AUM.

Did some greedy as fuck hedge funds get fucked ?  35% discount, no one wants to buy GBTC ?  So they "arbitraged" thinking no risk for 34 billion probably as a group, making UNHOLY amounts of money (at first).  6 months is a long time in bitcoin.  Once unlocked I guess they have shares that the market can't absorb.  There just isn't any hecking liquidity, or demand for that kind of bitcoin stuck in a 2% fee vague-regulation-wise fund.

The Discount will keep discounting as they try to unload.  Else they are stuck with the gbtc paying 2%.

So the guy who made GBTC is making bank even in a bear market.  genius.  lure em hedge funds with an arbitrage trade, then use the steam roller to make them stuck in their trades and collect that percentage.  maybe i read this wrong but finance is fun.  get too greedy you'll get eaten by smarter people.

edit: is this guy for real making 200 million a year in fees.  Its ALMOST, ALMOST as good as stablecoin scams (every single centralized one) where they reinvest proceeds to generate returns, and when their chinese commerical paper goes belly up they can just say it didn't happen and apparently that works.