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

[Dump3er]

-

Yes.. you are assuming that people are going to sell their MTGOX coins because that is what you have been hearing since 2015/2016, but that remains a pretty BIG assumption, even though a decent quantity of MTGOX coins are not held by individuals.

As of November there appear to be 141,846 BTC that are still outstanding.  https://protos.com/who-owns-mtgox-claims-to-billions-of-dollars-in-bitcoin/

How many MTGOX coins are held by individuals? 25% of the total?  less than 40k BTC?  The other 100k-ish coins are held by various holding companies?  Maybe?  Maybe those holding companies will sell some or all of their coins.. Maybe?  maybe not?

When the Mt. Gox thing happened, BTC was many more times speculative than it is now to many of the big holders. Like, in 2015 or let's even go with 2017 and a BTC price of say $16k, perhaps there would have been some value in trying to game the market because of released Mt. Gox coins that could push the price down if many of those who luckily got their BTC stolen and then returned had decided to dump.

But since then so much happened in the meantime in terms of trading volume, infrastructure, education and spread awareness, governments positioning themselves, institutional money flowing in and many, many others aspects.

First of all, I doubt that the majority of people will decide to dump it all. Perhaps they dump a fraction, which already changes the potential number to be dumped significantly.

Secondly, it is not worth it to game the market because the price could go from $45k to $41k or $39k. This would have been different if price and volume would allow for a huge price drop of something like >50%. That is not going to happen.

Thirdly, as always in life when time passes, there is also a consolidation of emotions and the mental state goes back to normal. When these people got hacked and then BTC went to the moon and they would have gotten their BTC back out of a sudden, I am sure a lot of them would have dumped instantly. It would have made sense rationally, mathematically, and emotionally.

The rational and emotional reasons go hand in hand to some degree as there is something called rationalization in psychology, which can in part be derived from an emotional state of mind. But the mathematical reasons have drastically diminished in significance depending on the individual goals of those BTC holders. They have now a history to look back on, derive their own set if risk factors and opportunity cost and give their own estimate as to the upside potential of BTC.

I imagine that some people will open up some short positions, but they always do. However, some of those gamblers opening short positions have literally been squeezed like lemons in the past and people are aware there are some evil whales in the market, who may not like short positions in a moment unknown to the gambler and it is game over.

If anything, I believe some big players will make sure they are liquid enough to absorb some of those coins. Just think about Microstrategy and how they look at such an event.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

[...]

Sounds like classic flu, yep. Shit can be tedious, but you can speed recovery up with NAC (2x500mg/d) and Ascorbic Acid (Vitamin C, works as NAC metabolism catalyzer).
I gave my last capsules of NAC to a friend of my father in law (60+ yo) after a two week flu episode, which had a holiday booked nine days later. He fully recovered before packing his suitcase. I only had NAC/AA once, after Covid (Omicron B1) and it helped much with shortbreathedness. Athletes are using it to increase O2 absorption of the lungs before training for events. One can take it for a month safely, but i never read of problems from those who took it longer.

[...]

Thanks for the comments, I appreciate it. Never heard of NAC, had to Google it, interesting, will keep that in mind. Was already taking vitamin C (1000 mg) daily as a precaution.

I had kind of glossed over the NAC part too, but then it looks like it could be a good supplement to keep in mind.. .and with supplements, sometimes it can be difficult to know if they are doing anything (such as helping with anything), but I did like the idea of mucus clearing in one of the descriptions that I read.

>>>>"NAC can help prevent side effects caused by drug reactions and toxic chemicals, and helps break down mucus in the body. It seems to have benefits in treating some respiratory conditions, such as bronchitis and COPD."<<<<<

NAC is actually a bit of a wonder substance really.  Emergency departments keep it on hand to counteract liver poisoning (like from Tylenol).  And it can help if you drink a little too much too to protect the liver.  Anyway... many supplements are snake oil.  Not this one.  It also likely has some benefit for people exposed (one way or the other) to the spike protein of C-19.

OT, I know, sorry for the all-medical post spree...

Thanks for the comments about NAC. Never heard of it prior to OOM mentioning it. Will have to get some. I'm not generally a fan of supplements, but one thing I can say from personal experience is about magnesium. A few months ago I started taking it daily, and I now sleep much better than before. I have vivid, movie-like dreams almost every night, it's pretty amazing. Like, I'm going to bed with an anticipation of the dream I'm going to have. The only supplements I take are magnesium (400 mg/day), zinc (22 mg/day), and vitamin C (1000 mg/day). The cocktail was suggested by a trusted doctor friend. I don't know if it's just the magnesium or the combined effect re. the dreams...

BTW, I was tested today and it turns out I have COVID-19... Already lost sense of smell and partial sense of taste (basically food tastes weird). Fever has completely subsided. Nose still runny (NAC could help here?). Positive line on test was deep red (high viral load). On top of all that, Bitcoin is ant-dipping again. What a great gift for Christmas & the New Year! Counting on the upcoming ETF thing...

Take good care guys. Prep your bodies and your spirits for the upcoming stratospheric pump.  

[El duderino_]

NEWS:Billionaire Tim Draper says Bitcoin will hit $250,000 in 2024.

My body is ready

Me is ready as well

But …. He says this for every year last five years or so 🤣

[Negotiation]

NEWS:Billionaire Tim Draper says Bitcoin will hit $250,000 in 2024.

My body is ready

Me is ready as well

But …. He says this for every year last five years or so 🤣

#Bitcoin will free you


Source.

Also, My body is ready for winter.

The only reality is freedom sooooo!

not only five years it is continue 5x5x5x5x++++

Observed $42k is down now but positive.

[AlcoHoDL]

NEWS:Billionaire Tim Draper says Bitcoin will hit $250,000 in 2024.

My body is ready

Me is ready as well

But …. He says this for every year last five years or so 🤣

This time is different man!

No need to mention it, but be sure to visit https://en.wikipedia.org/wiki/Hagia_Sophia

Enjoy your holidays.

[JayJuanGee]

[edited out]

OT, I know, sorry for the all-medical post spree...

Thanks for the comments about NAC. Never heard of it prior to OOM mentioning it. Will have to get some. I'm not generally a fan of supplements, but one thing I can say from personal experience is about magnesium. A few months ago I started taking it daily, and I now sleep much better than before. I have vivid, movie-like dreams almost every night, it's pretty amazing. Like, I'm going to bed with an anticipation of the dream I'm going to have. The only supplements I take are magnesium (400 mg/day), zinc (22 mg/day), and vitamin C (1000 mg/day). The cocktail was suggested by a trusted doctor friend. I don't know if it's just the magnesium or the combined effect re. the dreams...

BTW, I was tested today and it turns out I have COVID-19... Already lost sense of smell and partial sense of taste (basically food tastes weird). Fever has completely subsided. Nose still runny (NAC could help here?). Positive line on test was deep red (high viral load). On top of all that, Bitcoin is ant-dipping again. What a great gift for Christmas & the New Year! Counting on the upcoming ETF thing...

Take good care guys. Prep your bodies and your spirits for the upcoming stratospheric pump.  

I heard good things about Niacin (and Glutamin), and about 8 months ago, I was trying to stimulate a discussion on the topic by creating a thread, but I did not stimulate too much of such conversation, and I have been taking those as supplements since starting that thread, yet I am not sure if I feel any results from adding those two to my regime.  I do already take vitamin C and I started taking Zinc recently too.. and gosh I hate to admit all of the supplements that I added recently, so it is not really clear if there are abilities to be scientific if too many are added.. and then a kind of wondering whether any of them are helping anything.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

[edited out]

OT, I know, sorry for the all-medical post spree...

Thanks for the comments about NAC. Never heard of it prior to OOM mentioning it. Will have to get some. I'm not generally a fan of supplements, but one thing I can say from personal experience is about magnesium. A few months ago I started taking it daily, and I now sleep much better than before. I have vivid, movie-like dreams almost every night, it's pretty amazing. Like, I'm going to bed with an anticipation of the dream I'm going to have. The only supplements I take are magnesium (400 mg/day), zinc (22 mg/day), and vitamin C (1000 mg/day). The cocktail was suggested by a trusted doctor friend. I don't know if it's just the magnesium or the combined effect re. the dreams...

BTW, I was tested today and it turns out I have COVID-19... Already lost sense of smell and partial sense of taste (basically food tastes weird). Fever has completely subsided. Nose still runny (NAC could help here?). Positive line on test was deep red (high viral load). On top of all that, Bitcoin is ant-dipping again. What a great gift for Christmas & the New Year! Counting on the upcoming ETF thing...

Take good care guys. Prep your bodies and your spirits for the upcoming stratospheric pump.  

I heard good things about Niacin (and Glutamin), and about 8 months ago, I was trying to stimulate a discussion on the topic by creating a thread, but I did not stimulate too much of such conversation, and I have been taking those as supplements since starting that thread, yet I am not sure if I feel any results from adding those two to my regime.  I do already take vitamin C and I started taking Zinc recently too.. and gosh I hate to admit all of the supplements that I added recently, so it is not really clear if there are abilities to be scientific if too many are added.. and then a kind of wondering whether any of them are helping anything.

Glutamine? It's basically a neurotransmitter...in mono sodium glutamate form (MSG) causing severe headaches in some people, hence the "no MSG" label.
I am open minded re supplements and dabbled in them quite extensively 10 years ago, even found a combo that caused 20 lb weight loss (roughly 10-11%, which was quite a bit in pre-ozempic era) with nary side effects at first, but, say, two years later being on the "regimen", I started to feel that my life 'tonus' is diminished somewhat...it is difficult to pin it down, just feeling constantly a bit tired and less interested in everything, which is not typical for me, maybe, so I dropped the "regimen" and that strange feeling went away shortly thereafter.

I am sure that people have genetic differences and various supplements are more beneficial to some, but not all.
AFAIK, all large scale blinded studies did not show any clear benefit for basically any supplement.
At each individual level, I am sure there are almost miracle cases, but so far there is no science to create a "molecular fit" for a given person.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Catenaccio]

Charles Schwab - ETFs and beyond study
Scheduled deadlines of Bitcoin Spot ETF applications & Price speculations

ETFGI reports on Crypto ETFs and ETPs listed globally.

It has a table for Top 20 Crypto ETFs/ETPs by net new assets November 2023.

Highlights

Assets invested in Crypto ETFs and ETPs listed globally have increased 119.6% in the first 11 months of 2023 going from $5.79 Bn at end of 2022 to $12.73 Bn.
Net inflows of $1.31 Bn during November
Year-to-date net inflows of $1.60 Bn during 2023 are the second highest on record, after YTD net inflows of $9.02 Bn in 2021
2nd month of net inflows.

Complete List of Cryptocurrency Related ETPs.
BitMEX shared a public sheet that is used for their blog post too.
https://docs.google.com/spreadsheets/d/1dyHTT_eSc2K5Fbehrq-BRSV7p2Ul7zSxcUcp3Jvg-3c/edit#gid=0

[El duderino_]

Where = the Dude

[Roggeredek]

Where = the Dude

Plant pot decorated with rabbits planting betel nut trees in Wat Phra Kaew, Bangkok, Thailand

[Negotiation]

Where = the Dude

Maybe Thailand.

Source: https://www.wongnai.com/reviews/4dc68d2a1450480d8937789a742bff59

what is the next visited place dud?  


I expect a welcome from Bangladesh.

[JayJuanGee]

[edited out]

OT, I know, sorry for the all-medical post spree...

Thanks for the comments about NAC. Never heard of it prior to OOM mentioning it. Will have to get some. I'm not generally a fan of supplements, but one thing I can say from personal experience is about magnesium. A few months ago I started taking it daily, and I now sleep much better than before. I have vivid, movie-like dreams almost every night, it's pretty amazing. Like, I'm going to bed with an anticipation of the dream I'm going to have. The only supplements I take are magnesium (400 mg/day), zinc (22 mg/day), and vitamin C (1000 mg/day). The cocktail was suggested by a trusted doctor friend. I don't know if it's just the magnesium or the combined effect re. the dreams...

BTW, I was tested today and it turns out I have COVID-19... Already lost sense of smell and partial sense of taste (basically food tastes weird). Fever has completely subsided. Nose still runny (NAC could help here?). Positive line on test was deep red (high viral load). On top of all that, Bitcoin is ant-dipping again. What a great gift for Christmas & the New Year! Counting on the upcoming ETF thing...

Take good care guys. Prep your bodies and your spirits for the upcoming stratospheric pump.  

I heard good things about Niacin (and Glutamin), and about 8 months ago, I was trying to stimulate a discussion on the topic by creating a thread, but I did not stimulate too much of such conversation, and I have been taking those as supplements since starting that thread, yet I am not sure if I feel any results from adding those two to my regime.  I do already take vitamin C and I started taking Zinc recently too.. and gosh I hate to admit all of the supplements that I added recently, so it is not really clear if there are abilities to be scientific if too many are added.. and then a kind of wondering whether any of them are helping anything.

Glutamine? It's basically a neurotransmitter...in mono sodium glutamate form (MSG) causing severe headaches in some people, hence the "no MSG" label.
I am open minded re supplements and dabbled in them quite extensively 10 years ago, even found a combo that caused 20 lb weight loss (roughly 10-11%, which was quite a bit in pre-ozempic era) with nary side effects at first, but, say, two years later being on the "regimen", I started to feel that my life 'tonus' is diminished somewhat...it is difficult to pin it down, just feeling constantly a bit tired and less interested in everything, which is not typical for me, maybe, so I dropped the "regimen" and that strange feeling went away shortly thereafter.

I am sure that people have genetic differences and various supplements are more beneficial to some, but not all.
AFAIK, all large scale blinded studies did not show any clear benefit for basically any supplement.
At each individual level, I am sure there are almost miracle cases, but so far there is no science to create a "molecular fit" for a given person.

I try to avoid MSG, but that seems to be a different thing.  >>>>"Monosodium glutamate (MSG) is a flavor enhancer often added to restaurant foods, canned vegetables, soups, deli meats and other foods. The U.S. Food and Drug Administration (FDA) has classified MSG as a food ingredient that's generally recognized as safe."<<<<

Generally speaking glutamine is an amino acid and helps with gut health.

https://www.google.com/search?q=glutamine&oq=glutamine&gs_lcrp=EgZjaHJvbWUyCQgAEEUYORiABDIHCAEQABiABDIHCAIQABiABDIHCAMQABiABDIHCAQQABiABDIHCAUQABiABDIHCAYQABiABDIGCAcQRRg9qAIAsAIA&sourceid=chrome&ie=UTF-8

But Glutamine and glutamate do seem to have some kind of a relationship, so I am not going to try to unravel any of that here.. seems to be beyond my depth, but interesting to see that there is some kind of a relationship, and you are not totally off of your rocker, Biodom.  A 2003 article: Glutamine and glutamate--their central role in cell metabolism and function

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AirtelBuzz]

Where = the Dude

It is a Buddhist temple in Wat Phra Kaew Grand Palace, a temple located in Bangkok, the capital of Thailand. This Buddhist temple is known as the most sacred temple to the people of Bangkok, ThailandLocated inside the Grand Palace, Wat Phra Kaew is a unique dark green Buddhist temple that is the main attraction of all tourists. Also known as the Temple of the Emerald Buddha, Wat Phra Kaew is considered one of the holiest places in Bangkok

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

Click there for fun!
ChartBuddy's 24 hour Wall Observation recap
Buddy be liking them 420s.   

~snip~

I wonder what the prompt was?  It's not misspelling freedom, it's just sort of getting the fingers wrong? 
Is that sort of correct?  I wonder what the chatGPT equivalent is to 'wrong fingers'?