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November 15, 2023, 12:01:18 PM |
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ChartBuddy
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November 15, 2023, 01:03:23 PM |
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xhomerx10
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November 15, 2023, 01:07:31 PM |
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What is happening Exactly what I don’t like but what is needed.
I am not sure if such correction is needed, but it is hard to imagine that a 42% up from around $27k to $38k in around a month without any kind of correction is sustainable.. even though historically, we have seen that sometimes dee cornz will go UPpity without a correction for quite a bit of time. I am agreeing with you in part of the sentiment in terms of my still mauling over what should be my new don't wake me up zone.. ..maybe $30k-ish on the lower end?.. I think you meant "mulling" but at the same time I think that if you meant "mauling", you're thinking too fiercely or maybe you meant "malling" because you wander the local mall while pondering? Ouch! Okay, I get it - "mauling" it is! ♥ #nohomophone
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LFC_Bitcoin
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November 15, 2023, 01:20:56 PM |
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Observing $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
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philipma1957
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November 15, 2023, 01:29:57 PM Merited by LFC_Bitcoin (1) |
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Observing $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
no we don't we need honey badger to do its thing.
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eXPHorizon
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November 15, 2023, 01:48:04 PM |
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https://youtu.be/CHKn-yDCE2wThe Beekeeper![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fm.media-amazon.com%2Fimages%2FM%2FMV5BZDkwOTIyZGQtYWNkOS00YzAxLTkwZWUtMzU3YjU4ZDIyYzdlXkEyXkFqcGdeQXVyMTkxNjUyNQ%40%40._V1_.jpg&t=665&c=a8e2txGN_dq-Dw) This is going to be a great movie i will most definetly enjoy. EXPOSE THE CORRUPTION , PROTECT THE HIVE
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danadc
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November 15, 2023, 01:56:33 PM |
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Everyone says that Bitcoin loses 1000usd in 1 hour , what they don't talk About , they say Well , is what could have happened? a Whale? Or that They sold because they need to prove if the offer is very low at high rices? “On November 3, Bitcoin whales started booking profits as the $BTC price rose from $35,000 to nearly $38,000,” one such take from popular social media commentator Ali noted. “More than 15 wallets with over 1,000 BTC sold or redistributed their holdings.” ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F11%2F15%2FFUb6a.png&t=665&c=OrdacTG1MqTccQ) These totaled $120 million for Nov. 14, roughly equal to the short BTC liquidations, which accompanied Bitcoin’s spike to $38,000 last week.
Cross-crypto longs were liquidated to the tune of nearly $300 million Original Source: https://cointelegraph.com/news/btc-price-1-week-lows-bitcoin-whales-sell-35kI've been looking at articles looking to see some that might give an idea of what could be happening, and I think this article is the only Second reason I think it Could be: Bitcoin’s stringent monetary policy ensures scarcity and predictability, but major global corporations can repurchase their own stocks using earnings, effectively reducing the available supply. Furthermore, during economic downturns, these trillion-dollar companies can leverage their strong balance sheets during economic downturns to acquire competitors or expand their market dominance.
Ultimately, Bitcoin’s challenge in maintaining momentum above $37,000 is influenced by factors such as data supporting the Federal Reserve’s strategy for a soft economic landing and concerns over global economic growth. These elements continue to create an unfavorable landscape for Bitcoin’s value, especially if the SEC delays decisions on spot BTC ETFs, aligning with market expectations. Original Source: https://cointelegraph.com/news/bitcoin-price-37k-resistance-failed-to-breakI think it could be the delays with the ETFs, but I don't think it's another reason. If so, it doesn't matter because it is an opportunity to buy bitcoin cheaper. If the SEC or whatever organizations want to, want to delay this, let them do it anyway. When it rises it will hit them in the face. I also like that more aspirations continue to develop in all markets: Bitcoin's Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F11%2F15%2FFUldW.png&t=665&c=tKYRlA-Szei7vw) The bitcoin options market is now bigger than the BTC futures market in terms of notional open interest. The flipping is a sign of market maturity and the influx of sophisticated traders in the market.
In terms of open interest (OI), the BTC options market is now bigger than the futures market. At press time, the U.S. dollar value locked in active options contracts stood at $17.39 billion, almost 10% more than futures' open interest of $15.84 billion, according to data source CoinGlass.
Increased activity in the options market is a sign of market sophistication, according to Luuk Strijers, chief commercial officer of leading crypto options exchange Deribit.
"The surpassing of BTC options open interest over futures OI is a clear sign of the market maturing," Strijers told CoinDesk. "This shift indicates a growing preference for options as tools for strategic positioning, hedging, or access to the recent rise of implied volatility, reflecting the market's evolving sophistication." Original Source: https://www.coindesk.com/markets/2023/11/15/bitcoins-options-market-has-overtaken-its-futures-market/?_gl=1*1cqvspx*_up*MQ..*_ga*MTE0Mzk0ODc0MC4xNzAwMDU2MjY1*_ga_VM3STRYVN8*MTcwMDA1NjI2NC4xLjAuMTcwMDA1NjI2NC4wLjAuMA..If on the one hand they close one door on you, on the other hand two more open, then this will only be one more opportunity for you to buy BTC cheap.
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ChartBuddy
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November 15, 2023, 02:03:24 PM |
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ChartBuddy
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November 15, 2023, 03:01:18 PM |
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ChartBuddy
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November 15, 2023, 04:03:23 PM |
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Hamza2424
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November 15, 2023, 04:53:20 PM Merited by JayJuanGee (1) |
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I think it could be the delays with the ETFs, but I don't think it's another reason. If so, it doesn't matter because it is an opportunity to buy bitcoin cheaper. If the SEC or whatever organizations want to, want to delay this, let them do it anyway. When it rises it will hit them in the face.
I also like that more aspirations continue to develop in all markets:
I was randomly reading such news while Bitcoin was aggressively hunting for the 35k range that these consecutive pumps on the fake news are just to create a FOMO by these ETF providers to hunt this quest of FOMO and fill up the bags, at the same time there was speculation if they are really involved in it SEC may raise the question on the adjustment of these pre-accumulated Bitcoina dn it may also affect the approval or deadline. However, some major developments paused such silent negotiations. Now Gary and some related media outlets are putting together a story of not expecting much from the ETFs. I am not sure WHY. but a healthy correction is the desire of most of late people.
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ChartBuddy
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November 15, 2023, 05:01:16 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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JayJuanGee
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November 15, 2023, 05:46:41 PM Last edit: November 15, 2023, 07:46:02 PM by JayJuanGee |
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What is happening Exactly what I don’t like but what is needed.
I am not sure if such correction is needed, but it is hard to imagine that a 42% up from around $27k to $38k in around a month without any kind of correction is sustainable.. even though historically, we have seen that sometimes dee cornz will go UPpity without a correction for quite a bit of time. I am agreeing with you in part of the sentiment in terms of my still mauling over what should be my new don't wake me up zone.. ..maybe $30k-ish on the lower end?.. I think you meant "mulling" but at the same time I think that if you meant "mauling", you're thinking too fiercely or maybe you meant "malling" because you wander the local mall while pondering? Ouch! Okay, I get it - "mauling" it is! ♥ #nohomophonehahahahaha At the time I was typing that, I was kind of wondering about my spelling, but then I was a wee tiny bit too lazy to clarify.. Now upon further reflection, it seems to me that you have made some good points in regards to how there might be some value in keeping this particular point ambiguous... .... might leave some subliminal fears and trepidationenings regarding how fiercedenly this here kitty cat might play in dee real worldzObserving $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
citing for "reasons" Observing $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
no we don't we need honey badger to do its thing. Citing for udder "reasons" I think it could be the delays with the ETFs, but I don't think it's another reason. If so, it doesn't matter because it is an opportunity to buy bitcoin cheaper. If the SEC or whatever organizations want to, want to delay this, let them do it anyway. When it rises it will hit them in the face. I also like that more aspirations continue to develop in all markets:
I was randomly reading such news while Bitcoin was aggressively hunting for the 35k range that these consecutive pumps on the fake news are just to create a FOMO by these ETF providers to hunt this quest of FOMO and fill up the bags, at the same time there was speculation if they are really involved in it SEC may raise the question on the adjustment of these pre-accumulated Bitcoina dn it may also affect the approval or deadline. However, some major developments paused such silent negotiations. Now Gary and some related media outlets are putting together a story of not expecting much from the ETFs. I am not sure WHY. but a healthy correction is the desire of most of late people.A healthy correction is the desire of low coiners and no coiners. Sure there is a group of people who maybe have not been in bitcoin for even a full cycle, so they are still busily stacking sats, and they would prefer that the BTC prices stays lower for longer, so yeah, it can be understandable that even someone who had been fairly aggressively stacking sats in the past 4.5 years might still feel that s/he does not have enough cornz. Think about it, even a fairly aggressive bitcoin stacker of $100 per week for the past 4.5 years would have resulted in $24.2k invested but ONLY around 1.54 BTC stacked to date. Surely such a person would be in profits, but such a person might still have limits in his/her cashflow in which s/he is ONLY really able to muster up around $100 per week.. so there can be some dilemmas with some of these kinds of persons who perceive that they have not had enough time to stack and/or as much discretionary income to stack as many sats as they would have had liked to stack... and that is part of the challenge for people who might know about bitcoin but not have great cashflow.. that maybe such person just has to keep stacking (at later dates rather than earlier dates) at higher prices, even though his/her BTC have likely ongoingly been in profits, s/he may well be feeling that s/he is not getting as many sats as s/he would like, and sure there could be some decisions about if there might be ways to muster up more money to buy more BTC lower, but even such person who had been stacking sats for 4.5 years has had time to work on these cash flow matters. And maybe going to university versus working were choices that such person made in life, and I am not even going to claim that investing in yourself (such as going to university) is not valuable. Going to university has the potential to teach a person how to learn, and frequently even exposes to a lot of various ideas and even persons from different backgrounds, even though going to university tends to cost money and costs opportunities to not to have been able to stack as many sats during that time (did it take 4 years or more? By the way I spent a lot of time in university). It seems to me that maybe with the university education, there are possibilities of much greater income earning, and having better job opportunities as compared to the ones who did not get a university education and who thought that they might have had been capable of self-teaching, and I doubt that many people are as capable of self-teaching as they might imagine themselves to be vulnerable to dogma.. and blah blah blah.. If you had gone to university, then maybe you end up being able to afford to stack $1k per week instead of $100 per week, but the BTC price might happen to be quite a bit higher (maybe even 10x higher) than what it was earlier when such person had lower levels of extra (discretionary) cashflow.
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Volgastallion
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We need to fight this![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F11%2F15%2FFXwR9.png&t=665&c=dBKobOP2LzhDIQ) Is gonna be the last battle between BTC and "fiat". And is gonna be hard for us, we need a multipolar world to overcome and defeat this shit.
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OgNasty
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November 15, 2023, 06:01:01 PM |
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Observing $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
no we don't we need honey badger to do its thing. It feels like the honey badger has definitely been doing its thing lately. No matter how much the market tries to correct, the price just keeps marching upward. This has got to be funds scooping up coins in anticipation of an ETF approval next month. I don’t think regular folks are doing this much buying as I’ve seen quite a few signs that people are beginning to struggle as the effect of Bidenflation sets in.
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ChartBuddy
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November 15, 2023, 06:01:18 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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Hueristic
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November 15, 2023, 06:07:48 PM |
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Randstorm
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JayJuanGee
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November 15, 2023, 06:12:37 PM |
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Observing $36,083.
Not convinced $34,xxx was a local bottom until we retake $37,500.
We need Gensler to approve Spot ETF’s man.
no we don't we need honey badger to do its thing. It feels like the honey badger has definitely been doing its thing lately. No matter how much the market tries to correct, the price just keeps marching upward. This has got to be funds scooping up coins in anticipation of an ETF approval next month. I don’t think regular folks are doing this much buying as I’ve seen quite a few signs that people are beginning to struggle as the effect of Bidenflation sets in. Also it seems to be the case that normies are quite a bit detached from what kind of power that bitcoin can potentially bring to them and their investment portfolio, even with relatively modest levels of investment into BTC. Financial institutions do not seem to be so easily discouraged.. which surely a lot of regulations and controls are also aimed at fucking over normies rather than the more sophisticated folks tend to be the ones who are able to find various ways around the regulations and/or controls and/or are at least better able to identify relatively meaningful ways to attempt to hedge (and bitcoin seems to have a lot of ongoing hedging power, even if it's recent price is tending upwards).. and another thing is that normies are going to become afraid from bitcoin's around 40% rise in a month, and maybe they do not feel sufficiently comfortable with their understanding, and more sophisticated financial folks are likely better able to understand and/or be willing to buy in, even if BTC prices seem to be currently and ongoingly rising.
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coolcoinz
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November 15, 2023, 06:44:52 PM |
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We need to fight this![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F11%2F15%2FFXwR9.png&t=665&c=dBKobOP2LzhDIQ) Is gonna be the last battle between BTC and "fiat". And is gonna be hard for us, we need a multipolar world to overcome and defeat this shit. Have you seen CBDC polls around the world? People don't want this shit just as much as they don't want to eat bugs and fake meat and social credit scores. The global elite will try to enforce this and we only need freedom of information for them to fail. As long as people are educated and know what it is, they'll choose the right thing. Some may say it's a conspiracy theory, but there's a clear reason for this. Just look who is spreading all the fake news about bitcoin, trying to paint it as wasteful, speculative tool for terrorists, money launderers and drug dealers. It's the IMF, World Bank, EU Central Bank... All the fiat printers hate bitcoin for some reason. Coincidence? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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