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

[Rahul09]

[ChartBuddy]

Explanation

[xhomerx10]

Introducing the latest and greatest member of the loose affiliation of Wall Observer hat wearing bitcoin aficionados -  Shaquille O'Neal!



avatar-sized



 kidding - it's hisslyness but he can dunk too

Another Great addition to the WO Hats Gallary. I remember a website named Wohats.com. I don't know who the website creator was (is it you xhomerx10?). Right now, The website is not accessible.

 Yeah that site was run by VB1001 but as with the majority of WOhats who disappear, I don't know what happened to him.  I wish he hadn't left!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

I see people are asking for collapse of CEX like Binance but they are bullish on decentralization?
I mean collapse of the biggest exchange will fuck all of us either be BTC or ETH.

Just wanna know your perspective on this. An exchange of a size like Binance dies, what do you expect BTC price to be?

My pick for a fail is KuCoin

What do you hear?

<snip>

I wish all exchanges fail and I can get some cheap coins.
At the same time, I am wondering, From where I will buy coins then.
Possibly from some miners? phil?

Banks are moving to replace exchanges, for example M. Saylor says that BOA approached him for an agreement to buy/sell btc with them. I also know that Fidelity is making similar moves, starting with institutional investors and then probably moving to retail. Imho, it is probable that banks will start buying exchanges while they are relatively cheap and/or private.

[xhomerx10]

I see people are asking for collapse of CEX like Binance but they are bullish on decentralization?
I mean collapse of the biggest exchange will fuck all of us either be BTC or ETH.

Just wanna know your perspective on this. An exchange of a size like Binance dies, what do you expect BTC price to be?

My pick for a fail is KuCoin

What do you hear?

<snip>

I wish all exchanges fail and I can get some cheap coins.
At the same time, I am wondering, From where I will buy coins then.
Possibly from some miners? phil?

Banks are moving to replace exchanges, for example M. Saylor says that BOA approached him for an agreement to buy/sell btc with them. I also know that Fidelity is making similar moves, starting with institutional investors and then probably moving to retail. Imho, it is probable that banks will start buying exchanges while they are relatively cheap and/or private.

 Anyone know where to buy carbon credits in bulk?  We're gonna need them for our private jets and palatial homes... and maybe just to cook our food; it might be prudent to stock up now.

[dragonvslinux]

I see people are asking for collapse of CEX like Binance but they are bullish on decentralization?
I mean collapse of the biggest exchange will fuck all of us either be BTC or ETH.

Just wanna know your perspective on this. An exchange of a size like Binance dies, what do you expect BTC price to be?

My pick for a fail is KuCoin

What do you hear?

That 19% of their assets are in KuCoin Shares. It's the similar story to Crypto.com holding 20% of their assets in SHIB. It's reminiscent of FTX's high holding (or not holding) of FTT token. The latter claim it's because all assets are held 1:1 and therefore that's why they hold so much meme coin. In reality, the same argument could go for KCS.  So in of itself, the FUD doesn't mean much, as long as the assets are held 1:1, those holdings could go to 0 and they'd still be backed 1:1. The only real question is whether they would be using those holdings (customer or exchange holdings) as collateral... as FTX did.

[ChartBuddy]

Explanation

[Biodom]

I see people are asking for collapse of CEX like Binance but they are bullish on decentralization?
I mean collapse of the biggest exchange will fuck all of us either be BTC or ETH.

Just wanna know your perspective on this. An exchange of a size like Binance dies, what do you expect BTC price to be?

My pick for a fail is KuCoin

What do you hear?

<snip>

I wish all exchanges fail and I can get some cheap coins.
At the same time, I am wondering, From where I will buy coins then.
Possibly from some miners? phil?

Banks are moving to replace exchanges, for example M. Saylor says that BOA approached him for an agreement to buy/sell btc with them. I also know that Fidelity is making similar moves, starting with institutional investors and then probably moving to retail. Imho, it is probable that banks will start buying exchanges while they are relatively cheap and/or private.

 Anyone know where to buy carbon credits in bulk?  We're gonna need them for our private jets and palatial homes... and maybe just to cook our food; it might be prudent to stock up now.

Sarcasm? I did not see any /s.....

[Biodom]

BTW, here is an interesting article regarding tax treatment of FTX loss.

It's better than I expected aka you could deduct the loss under ponzi scheme law:
https://www.coindesk.com/layer2/2022/11/18/ftx-collapse-bankruptcy-crypto-tax-implications/

The loss is deductible in the year of discovery or the year the Ponzi scheme’s orchestrator is (1) charged by indictment for fraud, embezzlement or a similar crime; (2) the subject of a state or criminal complaint and either admits guilt or has assets frozen by court-order; or (3) the subject of the fraudulent arrangement faces no charges, indictment or complaint because of his death.

[philipma1957]

I see people are asking for collapse of CEX like Binance but they are bullish on decentralization?
I mean collapse of the biggest exchange will fuck all of us either be BTC or ETH.

Just wanna know your perspective on this. An exchange of a size like Binance dies, what do you expect BTC price to be?

My pick for a fail is KuCoin

What do you hear?

That 19% of their assets are in KuCoin Shares. It's the similar story to Crypto.com holding 20% of their assets in SHIB. It's reminiscent of FTX's high holding (or not holding) of FTT token. The latter claim it's because all assets are held 1:1 and therefore that's why they hold so much meme coin. In reality, the same argument could go for KCS.  So in of itself, the FUD doesn't mean much, as long as the assets are held 1:1, those holdings could go to 0 and they'd still be backed 1:1. The only real question is whether they would be using those holdings (customer or exchange holdings) as collateral... as FTX did.

they listed top 5 holdings. about 2.5 billion.

and 500 million = their kcs
only 344 million = btc
and 220 million = eth

along with about 1.5 billion in usdt and usdc

they did not clarify how much eth was staked vs movable.

if they get a strong run they will be hurting.  but they are small tops 5 coins are 2.5 billion they could get a bailout. behind the scenes. we will know soon enough.

[ChartBuddy]

Explanation

[cygan]

[LFC_Bitcoin]

Hope everybody is buying at the moment. I still think we will go lower, $12,000 to $14,000 on the cards imo. I am buying at the current price though. Just need to have substantial funds ready for the absolute bottom range. It’s impossible to buy the bottom but you can sure as hell try your best to get close.

We are 100% going to 6 figures in $ per bitcoin by the end of 2025. Do not miss this (for some of you noobs) once in a lifetime opportunity. Easy 10 x your money from here.

DCA & HODL mid to long term, brothers!

[cAPSLOCK]

I am generally happy with how things worked out for me, though I wonder if there is any advice on what alcoholic beverage is suitable to flush down the pain and misery felt from having to sell at 16k to pay bills?

I think there are really two answers to this one...  Either something really expensive:


Or perhaps you want to go the discount route instead to save your sats:


I, on the other hand am trying not to become an alcoholic, so I am sticking with this sort of thing... much better than I would have thought!

[HI-TEC99]

...

We are 100% going to 6 figures in $ per bitcoin by the end of 2025. Do not miss this (for some of you noobs) once in a lifetime opportunity. Easy 10 x your money from here.

DCA & HODL mid to long term, brothers!

[ChartBuddy]

Explanation

[Richy_T]

Meh, same old same old. FTX not the end of the world as anyone with sense already know. Time to start moving back up.