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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[1714206989]

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[1714206989]

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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Actually been a long time but drinking

A White Russian @Koh PhiPhi IYKYK

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[nutildah]

I just want to mention, if you haven't seen it yet, you should check out FeeBuddy in the Mempool Observer Topic. Its a cool bot created by bitmover:

     

• fastestFee: 66 sat/vB
• halfHourFee: 61 sat/vB
• hourFee: 56 sat/vB
• economyFee: 48 sat/vB
• minimumFee: 24 sat/vB

It posts once every 6 hours with the current fee estimates. I keep track of new posts by visiting "Show unread replies..", so you know, reply once in the topic and you'll always see it when it updates. Or of course add it to your Watchlist if you want (does anyone actually use that?).

[Wimex]

To paraphrase that long winded AI blah blah blah ....  <big yawn>

......idk

We don't need to be worried about an AI that's going to fuck over humanity.

We have politicians that fuck over humanity every single day, like it's their job, and they actually get paid the big bucks for it.

Annnd people actually vote and re-elect these same fuckers into power every few years.

I think it's more about AI taking jobs. E.g. when programmers happily claim their productivity increase significantly using AI as an aid during development, what you have to worry about then is when management realize they can lay off big parts of the workforce (it's already happening).

We are getting closer and closer to artificial intelligence dominating part of the world, which is why for some time now there has been talk about this type of creation ending up taking control of the world to the point of creating a new world order where machines will be the main ones and the human workforce will no longer have as much power... I guess we should rethink learning about this topic, since in a few years more computer scientists and mechanics will be needed to keep the machines that will work for us afloat... it is sad and interesting at the same time...humanity will be forced to adapt to the new situation just as it happened when COVID came into our lives.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Roggeredek]

Actually been a long time but drinking

A White Russian @Koh PhiPhi IYKYK

Koh Phi Phi Island - Thailand

Watching,  It turns out all white people are walking around here.


crop on the video.

Like A White man 

[vapourminer]

I keep track of new posts by visiting "Show unread replies..", so you know, reply once in the topic and you'll always see it when it updates. Or of course add it to your Watchlist if you want (does anyone actually use that?).

raises hand

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ivomm]

$300mm net inflows a day into Bitcoin ETFs means 7,000 BTC a day taken off market at current BTC prices. Only 900 Bitcoin is mined every day.

https://twitter.com/gaborgurbacs/status/1747227626891100453

[WatChe]

Buddy finally surpassed philipma1957.


https://bitcointalk.org/index.php?action=stats

[BitcoinBunny]

$300mm net inflows a day into Bitcoin ETFs means 7,000 BTC a day taken off market at current BTC prices. Only 900 Bitcoin is mined every day.

https://twitter.com/gaborgurbacs/status/1747227626891100453

[ChartBuddy]

Explanation
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[DaRude]

And Bitcoin has bounced back
Stay above 42900 and up up we go.
50K before next week runs out.

Obviously, i close my eyes and i see Bitcoin already at 50k before the week runs out. Does anyone here doubt my speculation? i can bet on this lol . Even the parliament and judges of the circle cannot stop it from happening .

Humble respect to them

With GBTC fees 130basis points over their direct competitors, there's really no good reason for anyone to be with them, so looks like they've accepted their fate and just milking people as they exit. But they still have $26B AUM so it might take longer than a week for them to unwind.

You keep repeating this over and over...hoping that one day it would be correct?

If somebody sold GBTC on day one and immediately transferred to, say, ibit without knowing how well it will track or where it stands vs NAV, they lost 10-15%, which corresponds to GBTC fees in a DECADE or so.

I just hope it wasn't someone here  

Would be interesting to see where you're getting those numbers at? Haven't figured out a good way to track live price to NAV, but on the second day when GBTC had $484,1MM outflows Bloomberg put their discount to -117 to IBITs premium of +16 basis points. So actually, GBTC is the only outlier on the tracking! Since all current ETFs are cash creation/redemption GBTC had to sell those BTC, such amounts would cause slippage thus the discount.

[DaRude]

$300mm net inflows a day into Bitcoin ETFs means 7,000 BTC a day taken off market at current BTC prices. Only 900 Bitcoin is mined every day.

https://twitter.com/gaborgurbacs/status/1747227626891100453

Misleading, need to consider reshuffling from futures ETF, ETFs in other countries, proxies (MSTR), miner stocks/ETFs... Thus why we didn't get the god candle on day one and are seeing current volatility. Believe we should start seeing a clearer picture in a week or two

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com