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

[hisslyness]

Image Deleted

Please don’t forget the essence of this games
Bc not meant to spam the WO

It’s been done by some regulars when times where boring and just to have a fun and moment to laugh at the WO
Not a daily thing

Was going to say this when the first copy cat “where am I” appeared…

BTW, you’re making it too easy!…

[1714280603]

1714280603

[1714280603]

1714280603

[1714280603]

1714280603

[1714280603]

1714280603

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Image Deleted

Please don’t forget the essence of this games
Bc not meant to spam the WO

It’s been done by some regulars when times where boring and just to have a fun and moment to laugh at the WO
Not a daily thing

Was going to say this when the first copy cat “where am I” appeared…

BTW, you’re making it too easy!…

Yeah indeed

Tbh my last one was to easy as well … my GF said to make it more difficult

[shahzadafzal]

Yeah indeed

Tbh my last one was to easy as well … my GF said to make it more difficult

Yup second last was also easier and I posted the reply while walking

Just had to google the correct name for Turkey because apparently, it's Türkiye now.

[AirtelBuzz]

2024 has so many catalysts for Bitcoin 🫣

January: ETF Approval  
March: FED start to cut interest rates (which consecutivly continue till 2026)
April: 4th Halving
June: Markets in Crypto-assets Law EU (MiCA)
August: @X payment implementation
November: US elections  
December: FASB for Bitcoin



>>>https://twitter.com/StockmoneyL/status/1740274960776454248?t=JoUVA_DqyMjbNUdtJcCVng&s=19

[Zaharai]

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.

$43k now. analysis need for new year, $50k expectation. bitcoin is bump-up.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Zaharai]

2024 has so many catalysts for Bitcoin 🫣

Are you sure it will have a higher price in 2024? Do you have any technical charts? I haven't seen such technical charts yet, can you help me find such charts?

[Ambatman]

Please don’t forget the essence of this games
Bc not meant to spam the WO

It’s been done by some regulars when times where boring and just to have a fun and moment to laugh at the WO
Not a daily thing

Roger that😇.
New to the thread so wasn't aware it wasnt a norm and could be considered spamming.

KYC at an exchange that will allow you to use LN
 Put cash in there.
 Buy BTC
 USE that exchanges LN wallet.

I did a thread that does show it works.

Obviously only do a little of you wealth as this is the workaround for small wealth movements.
 

yeah that's what I usually do
The ease to convert Btc to my  fiat is what am scared of
It makes holding harder unlike Blue wallet that doesn't have the P2p function.
If it's a CEX I would be like I'm in profit let me sell and get myself something good.  

Well the Good news flowing in the market can help me wait till ETF approval.


Because of the above mentioned my accumulated BTC is lower than my target
A minor dip in BTC just now..... So excited
Buying every dip till the D day hahaha.

Are you sure it will have a higher price in 2024? Do you have any technical charts? I haven't seen such technical charts yet, can you help me find such charts?

ETF approval news alone is enough to create a new ATH
Technical chart isn't everything
Most times news beats a well thought out technical analysis.

If you insist
one of many analysis in Favour of a bullish trend.

[Torque]

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23,
@MicroStrategy
 now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.

I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin.

Their business model is to act as a levered bitcoin play, supported by equity sells and a small cash flow from their other business.
Basically, it is a 2X bitcoin ETF, but with no slippage (which happen in "regular" futures based 2X ETFs, which are typically to run away from).
They will probably de-lever a bit later on.
Ideally, they should de-lever during peaks and lever up during troughs, but imho, Michael Saylor got 'caught up' a little in Dec 2022.
Thankfully, he did not have covenants that might have caused him to sell at a very inopportune moment.
I calculate that at some point in Dec 2022, MSTR probably had almost zero equity: about 2X leverage at 29-30K with the price at $15-16K means that equity was then zero or perilously close to it.

Wall Street whale shark traders will often band together to mega short against certain firms/companies using high leverage, in an attempt to margin call them (and thoroughly embarrass them).

That's why they haven't been able to do much damage to investors like Cathie Wood, I read that she doesn't use leverage.

[d_eddie]

Wall Street whale shark traders will often band together to mega short against certain firms/companies using high leverage, in an attempt to margin call them (and thoroughly embarrass them).

I wish there were stricter rules about naked shorting. It should be impossible for the shorts to exceed the outstanding number of shares. It should be impossible to cover in cash. When closing the short position, it should be necessary to actually buy all the shares that have been "sold" without being there in the first place.

After the RobinHood Gamestop etc shenanigans, someone up there said they wanted to tighten the rules somewhat. Has anything happened since then?

[Zaharai]

Are you sure it will have a higher price in 2024? Do you have any technical charts? I haven't seen such technical charts yet, can you help me find such charts?

ETF approval news alone is enough to create a new ATH
Technical chart isn't everything
Most times news beats a well thought out technical analysis.

If you insist
one of many analysis in Favour of a bullish trend.

My first question is all prediction fulfillment in 2024? I look for not sure fulfillment.

You are correct technical analysis is not accurate all time, technical analysis specifically indicates why and how the next movement.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

https://www.cnbc.com/2023/12/22/the-spot-bitcoin-etf-race-could-quickly-reach-your-401k-plan.html

Oh?  I initially misread this... but let me start with the initial ideas that some 401k plans have more options than others, and so it will be interesting to see if some of the more conservative plans, including government related plans are going to adapt to adopt these newer kinds of investment options.  Many of the government plans do not have such flexibilities in terms of their investing options (they mostly have various kinds of index funds), and some private plans are more adventurous (with more options than others), but if anything close to the 12 applicants.. even perhaps 8 of them, end up getting approved, then a lot of retirement plans will thereafter have them as one of the options.

Regarding my initial reading of that message in thinking about bitcoin to 401k parity... I think that many of us who have been into bitcoin for a while may well have run into these kinds of parity of value kinds of issues, and it can be a strange feeling to have your bitcoin go up in value (price) so much in a relatively quick time.  

In late 2013 when I started in bitcoin I was thinking that it may well end up taking around 20 years for my BTC holdings to reach my 401k holdings, especially since I had already been investing in my 401k holdings (or some variation of them) for nearly 20 years prior to getting into bitcoin.. even though the 401k did not really become more popular until the end of the 90s, there were still ways to convert some stuff into 401k-like plans back then.. ,

So thinking about reaching bitcoin to 401k value parity could take 20 years or maybe even a bit longer for such parity to be reached... and that was considering that maybe i would also just keep buying bitcoin all during that speculated time period.. and also when anyone gets into any new investment, it can take a bit of time to build it up and/or to consider how it might play out. .so the what to do next, might be partially driven by how each and all of whatever investments are being held are performing, and then someone (like yours truly) might consider that maybe at a point 10-20 years or longer down the road be able to stop buying something like bitcoin because largely his BTC might have had reached parity with his other investments, including his 401k...

and even for me, in 2013, sure maybe I had some optimistic scenarios of being able to reach such parity in 10 years.. kind of like a better (or best) case scenario, perhaps? perhaps?.. but then these kinds of things can end up happening more quickly .. because I think that certain advantages could come from some of the volatility, and since I started buying BTC at nearly $1,200, I was kind of thinking that the BTC price could stay at those high numbers, so then BTC price appreciation might come from those kinds of higher base prices.. but then when the BTC price ends up going down and BTC continues to be accumulated at those much lower prices, then merely returning to the starting price brings very heavy value appreciation in terms of the whole holdings  

So, even though there may be some advantages towards keeping more conservative expectations regarding what the price might do, just in case the parity or whatever (exceeding of parity) might not end up happening, there still can be a number of surprises that end up contributing to greater than expected performance at various points along the way.. And, by the way, of course there is a difference for someone who had just started investing in their 401k in a 4-8 year timeline versus someone who might have had been investing in their 401k for 15-20 years or longer.  Wen Parity?  Yes, it's an interesting question.

And, sure when available in the 401k is also interesting, even though it still might be questionable how good of a product is the Bitcoin spot ETF as compared with owning bitcoin, but some folks have difficulties investing outside of their 401k.. so the 401ks can be another kind of trap. because if you max them out each year (which is close to $20k in the USA), then the employer might match a portion of that.. perhaps $5k or $10k .. depending on your income... I mean if someone earns around $100k per year, and then the employer might match the first 5% invested in the 401k, then that would be $5k per year of a match, and then the person could end up having an additional $15k per year of what he puts into his 401k that is not matched but it has the tax deferred benefits... .and maybe or maybe not he might not know whether or how much he is able to invest into anything else after that.. $20k per year from a $100k salary person is 20%, so that is already pretty damned aggressive, relatively speaking, including that many folks are not even investing that much and if you get folks investing 10% per year, that is probably quite a bit higher than the norm.  And, yes, maybe my example of someone earning $100k per year is a bit above the average income, but not very much.. incomes are getting higher and higher and higher, but still that does not mean that those high incomes are really enough to live anywhere close to what it seems to be... especially since it seems that the dollar is depreciating a pretty high pace that is largely causing difficulties for many assets to keep up - so there is a need to put the value somewhere that at least holds value and maybe even appreciates greater than how fast the dollar is losing value.

[danadc]

The expectations Regarding the Bitcoin halving are many , but what is most talked about and the most direct impact is what we are experiencing now , and that is with mining the fees that are so Expensive , very High , since the Miners are the main winners:

Crypto mining stocks surge double digits – The effects ahead of the 2024 Bitcoin halving

   

    -Miner Bitcoin and crypto trading volumes for Marathon Digital have led the charts in the US just weeks before a spot Bitcoin ETF is expected to be approved.
    -Riot Platforms, another Bitcoin miner, is the sixth most-traded company on the chart, with more than 40 million shares traded in the last day.
    -Marathon Digital and Riot Platforms have gained 767% and 452%, respectively, year to date.

Today’s Bitcoin price is $43,039.64, with a 24-hour trading volume of $20,657,581,464.76. This reflects a 0.70% gain in the last 24 hours and a -1.60% decrease in the last seven days.

The global crypto market valuation is now $1.77 trillion, a 2.77% increase over the last 24 hours and a 114.2% increase over a year ago. Bitcoin has a market cap of $842 billion as of today, reflecting a 47.55% domination. Meanwhile, the market cap of stablecoins is $132 billion, accounting for 7.44% of the total crypto market cap.

Bitcoin investors will be pleased to learn that Saylor disclosed on X (formerly Twitter) on Wednesday that his firm invested an additional $615.7 million to acquire 14,620 Bitcoin. This resulted in a price per coin of $42,110 on average. He added that MicroStrategy currently possesses 189,150 Bitcoin as of Tuesday.

Original Source: https://www.cryptopolitan.com/crypto-mining-stocks-surge-double-digits/

It is good to make a type of comparison with Christmas in Bitcoin, I find it interesting:

Crypto landscape: ten years of growth, change, advances and retreats

On Dec. 28, the total market capitalization for the crypto space stood at around $1.77 trillion, with Bitcoin

BTC
tickers down

$42,927
still leading the charge at $842 million

Source:https://cointelegraph.com/news/crypto-market-10-years-ago-bitcoin-ripple-litecoin?_gl=1%2a160ahj8%2a_ga%2aMTQ1MTc0ODA0MS4xNjkwNTkwOTM3%2a_ga_53R24TEEB1%2aMTcwMzc2NzQzMy4yOC4xLjE3MDM3Njc0NDkuMC4wLjA.&_ga=2.150753398.1598779639.1703767436-1451748041.1690590937


I am waiting for 2024 to come to see how the Bbitcoin ETFs are going to resolve, I have high hopes that if it can happen, apart from that the halving is coming, this means that the price of bitcoin can take off and say goodbye from $40k and reaching more than $100k, is what we all expect, and as things look it is likely, I am speculating in the long term, maybe I am wrong, but everything indicates that it could go in a safe direction.

[AirtelBuzz]

Legend predicting a BTC ETF approval when the Bitcoin price was only $20, 12 years ago

"This would allow access to billions in capital"

Ahead of his time.




>>>https://twitter.com/pete_rizzo_/status/1740354395760480333?t=nypQdG5z7zAlQ2TGuEhhZw&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

~snip~
Just had to google the correct name for Turkey because apparently, it's Türkiye now.

It seems that in some countries they don't have a better job, so they change the name of the country - although I read yesterday that Türkiye will increase the minimum wage by as much as 49% from the beginning of next year.

Another country is moving in the direction of changing its name so that in the future India should be known as Bharat.

https://www.euronews.com/culture/2023/09/09/will-india-be-renamed-bharat-heres-why-some-countries-change-their-name

[Zaharai]

So, even though there may be some advantages towards keeping more conservative expectations regarding what the price might do, just in case the parity or whatever (exceeding of parity) might not end up happening, there still can be a number of surprises that end up contributing to greater than expected performance at various points along the way.. And, by the way, of course there is a difference for someone who had just started investing in their 401k in a 4-8 year timeline versus someone who might have had been investing in their 401k for 15-20 years or longer.  Wen Parity?  Yes, it's an interesting question.

I don't think it's true that it's only related to investing in Bitcoin for long term but in many cases, intelligence and intuition become very important. In this case, it should be understood when it is time to invest and when the investment will not be very fast or profit will not be able to play a very important role in the case of the next investment. Although our thinking most of the time wants to make extra profit but it should not be realized because sometimes profit and loss can be encountered. I agree with you that long term plans play a more important role.

[OutOfMemory]

Another country is moving in the direction of changing its name so that in the future India should be known as Bharat.

"India" sounds more soft, female, melodic...

"Bharat" sounds more harsh, male, rhytmic...

Like the show drummer right after the punch line.

Bharat Tsss

(maybe only to me because i'm a drummer?)