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

[HI-TEC99]

Ridiculous. One retarded exchange goes under and this? Too much speculation again.

[Richy_T]

Just called the bank about getting a second mortgage on my ramen.

[ChartBuddy]

Explanation

[El duderino_]

Binance officially walks away from FTX deal --> more panic selling.

Anyway. .it will take 3 years from now when you are eligible to start posting moon memes again.

I don’t believe 3 years bro
Only 1 year to get us from under 10 to ATH….

Rockets and moon may come faster as you think

[HI-TEC99]

Binance officially walks away from FTX deal --> more panic selling.

Anyway. .it will take 3 years from now when you are eligible to start posting moon memes again.

I don’t believe 3 years bro
Only 1 year to get us from under 10 to ATH….

Rockets and moon may come faster as you think

[hostm]

I research top bitcoin addresses now

https://bitinfocharts.com/top-100-richest-bitcoin-addresses-2.html

as well as hash rate

https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y

and here is what I think

A lot of hash rate power come from the countries where miners might have problems with cash now. Iran, Russia etc. Those who shake the market now want to force those miners to sell their bitcoin cheap to cover operational expenses.

So it is really time to buy the dip. But many are out of cash now due to the crisis. So rich will buy more bitcoin again but poor won't buy.

[goldkingcoiner]

SBF reported missing and presumed to be evading authorities.

Time to pop some corn, gentlemen.

Probably hiding in the same hidey hole as Kwon Do-Hyung...

[BitcoinBunny]

Binance officially walks away from FTX deal --> more panic selling.

Anyway. .it will take 3 years from now when you are eligible to start posting moon memes again.

I don’t believe 3 years bro
Only 1 year to get us from under 10 to ATH….

Rockets and moon may come faster as you think

There is no way in hell the central banks won't pivot in the next 6-8 months. They are breaking everything now with the fast interest rate rises.
Over here in the UK some financial "experts" are saying rates will still be around 4.5% in 2 years.

No way.

There will be so much pressure on them to fix the fucking mess they are causing, just like this mess is the reaction to their previous 14 year low interest and printing endless money mess.

Interest rates will go back to near zero within the next year -> economy rockets -> BTC to the moon.

[goldkingcoiner]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

[HI-TEC99]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

[ChartBuddy]

Explanation

[aesma]

My lowest ladder step was fast approaching so I sent some more cash to the exchange to layer some more. Also bought some corn at market price.

No order in the 4 digits prices yet, I will have to think about it if we get there.

[LDL]

Twitter

[hisslyness]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

and these guys are still in charge of billions and billions of dollars of other people money!

[HI-TEC99]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

and these guys are still in charge of billions and billions of dollars of other people money!

[ChartBuddy]

Explanation

[philipma1957]

Ridiculous. One retarded exchange goes under and this? Too much speculation again.

yeah the stable coins issued by any exchange are simply completely fucked up and used to attack pow btc over and over and over.

repeat why would any usa citizen want a stable coin over an I bond.

if you understand how to use I bonds they have been killer investment since nov 2021.

nov 2021 7.1%
April 2022 9.6 %
nov 2022  6.89%

you can buy 15k worth if you know what you are doing and stagger them in case you need cash.

so from nov 21 to oct 28 2023. you could have 7.1% to 6.89% on the most perfectly pegged usd coin there is. USD itself in the I bond.

45k in over a 2 year time slot that will pull around 7.4% juice on it.

this is crushing crypto stable coins.  Which are crushing btc.

good thing is it will be over soon. maybe jan-march and we should be done.

DCA boys and girls.

seriously, could you stop plugging the ibond here, eh, on a f-g bitcoin thread?
first off, it is only 10K/year and second, you have to wait more than a year to collect that interest; you are losing 3 mo worth of interest if you collect yearly.

why people want stables: to reinvest in "crypto" on the swing, of course. Nobody uses them for true savings.

and if you live in usa any move to sell a coin is reportable

so 10k stable coin 10k coins = moron. as zero is insured

just be on coinbase

10k cash 10 k coins = the 10k is insured by fdic.

any move of coin to cash or cash to coin is reportable.

just as any move of stable coin to crypto coin is reportable.


oh oh i know be on a non kyc exchange so it is not reportable.


working well is it?

any I stand by my statments proper managment of i bonds = 15000 yearly in buys not 10000.

plus you stagger them so you never need cash them out.

so basically stable coins. get juice do them on a non kyc dont report beat the tax.

means they crucified you if you did it.

[JayJuanGee]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

Saylor Reckt?  Is it going down to $6k?  And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz.

If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV)

[edited out]

I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says.

I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX.  And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices.

[philipma1957]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

Saylor Reckt?  Is it going down to $6k?  And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz.

If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV)

[edited out]

I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says.

I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX.  And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices.

All I know is I finally decided to do a weekly dca and in under a week the shit hit the fan.
😀

[ChartBuddy]

Explanation