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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1715208157]

1715208157

[JayJuanGee]

I like making money while sleeping.  

I like making money in both states: Sleeping and Waking! Ah, sure it's fun to make money when you're sleeping but it's also fun to make money when you are waking. Waking money comes from trading, while sleeping money comes from investing. I think we need both of those if we want to earn money in both states!

Fuck trading.

#nohomo

This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.

I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).

I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.

I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.

Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%

in-cash or in-kind, fractional-reserve / paper Bitcoin is still possible... and porbably legal?

gold ETFs are a "highly regulated product" and they naked short sell the crap out of that all the time, no?

They are not legally allowed to create paper bitcoin, merely because it is cash-settled.

And last time I checked bitcoin is not the same as gold.

Actually bitcoin is likely in the neighborhood of 1,000x better than gold, even though it could take 50-200 years to play out. .in terms of bitcoin and gold coming to the something more approximating correct pairings, and right now bitcoin is about 1/20th the price of gold, so it seems that bitcoin is discounted right around 1/20,000th as compared to gold.. even though like I mentioned it could take 50-200 years for the market to actually accurately reflect such.

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

Fuck shitcoins.

You appear distracted.

Keep your eye on the prize, and you should not remain disappointed.

btc           19.5k dec 2017 44.1k dec 2023
edit :
google       53 dec 2017    140 dec  2023     that beats BTC
Facebook 176 dec 2017    350 dec 2023     just loses to btc
amazon     59 dec 2017    145 dec 2023      that beats BTC
Tesla         20 dec 2017    241 dec 2023      that beats BTC

Tesla is best dec 2017  to dec 2023

Yes... and you too.

Keep your eye on the prize.

Don't get distracted too much.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Big weekend coming up or what?

Wake up on Christmas and see 48k?


Dec 2023
24
25
26


Dec 2022
24  16,796
25   16,847
26   16,842


DEC 2021
24  50,768
25  50,393
26  50,076


Dec 2020
24   23,240
25   23,733
26   26,280


the gain in 2020 from Christmas Day to Boxing Day was very good 10.7%


if we can do that this time we could crack 48k on the 26th of Dec Boxing Day

[JimboToronto]

Waking Losing money comes from trading

FTFY

There's always someone who can reprogram their bots faster than you.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Big weekend coming up or what?

Wake up on Christmas and see 48k?


Dec 2023
24
25
26


Dec 2022
24  16,796
25   16,847
26   16,842


DEC 2021
24  50,768
25  50,393
26  50,076


Dec 2020
24   23,240
25   23,733
26   26,280


the gain in 2020 from Christmas Day to Boxing Day was very good 10.7%


if we can do that this time we could crack 48k on the 26th of Dec Boxing Day

Continuing on this topic...By cycle timing, we are more like 2019, but we are probably left-translated a bit, maybe as much as 4-6 mo in comparison with the prior cycle.
In 2019, almost nothing happened on those days.

Dec 2019
24   7,270
25   7,221
26   7,200

We shall see.

[Negotiation]

Big weekend coming up or what?

Wake up on Christmas and see 48k?

the gain in 2020 from Christmas Day to Boxing Day was very good 10.7%


if we can do that this time we could crack 48k on the 26th of Dec Boxing Day

Not only is it $48k I think it is capable of crossing $50k, but Christmas is a perfect time for it to go up fast.

If you look at the candles, you will see that they are ready to go up at any time.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[TrustedBitcoiner]

hey guys im wasted, lets talk

[TrustedBitcoiner]

now some of you may not know who i am but give this post a merit and you might find out.

[TrustedBitcoiner]

https://www.youtube.com/watch?v=VeK-d553Mjk&t=103s

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitebits]

On the one hand I am obviously happy when the ETF gets approved. There is an ocean of dollars out there that can't use Coinbase/Kraken/Binance and the like. On the other hand I notice I am a bit sad by the thought of it, Bitcoin will never be the same anymore afterwards. It leads to more centralisation and retail buying ETF shares will never learn to self custody and transact in bitcoin (and therefore fully understand and experience Bitcoin). Creating paper bitcoins is a very tempting threat. Wallstreet will love their new and volatile toy for daytarding and there are heaps of trading fees to be earned by the exchanges, encouraging it to change hands like a hot potato. I can even imagine once Blackrock and the likes get a decent market share they start to have an opinion on blocksize, which transactions should and shouldn't be in a block, etc.

Let's see how it evolves, can't do much about it except for not buying those ETF's and hodl your own coins.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[True Myth]

On the one hand I am obviously happy when the ETF gets approved. There is an ocean of dollars out there that can't use Coinbase/Kraken/Binance and the like. On the other hand I notice I am a bit sad by the thought of it, Bitcoin will never be the same anymore afterwards. It leads to more centralisation and retail buying ETF shares will never learn to self custody and transact in bitcoin (and therefore fully understand and experience Bitcoin). Creating paper bitcoins is a very tempting threat. Wallstreet will love their new and volatile toy for daytarding and there are heaps of trading fees to be earned by the exchanges, encouraging it to change hands like a hot potato. I can even imagine once Blackrock and the likes get a decent market share they start to have an opinion on blocksize, which transactions should and shouldn't be in a block, etc.

Let's see how it evolves, can't do much about it except for not buying those ETF's and hodl your own coins.

+Merit (sorry no sendable)

Being excited about entities that have overwhelming control of most things financial entering the Bitcoin space is both exciting and unnerving.  Additionally, how long does it take them to accumulate an influential amount even without manipulation?

Time will tell how this all plays out.

[serveria.com]

OMG, great to be back to my beloved thread.   I see some old farts are still alive and kicking? Christmas time is coming so it's time to share dem gay Christmas cards?    I hope you remember they drive BTC price upwards like crazy?  

Yes great memories:



Merry Xmas @boblawblaw

Merry Christmas, Bawb: