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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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All Credit to ChartBuddy

ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy

cute bird you have as your avatar there!


OT:
bears seem to have a hard time atm

Thanks!
Mango says here I am in the kitchen!
..
Some monster over clipped his wings, and so he can't fly.    We adopted him as a rescue bird.   He does have full run of the house though, no cages for this guy.  Well we do have one, but the door is always open, and he has a little nest on top that he usually hangs out in.

[OutOfMemory]

I was planning to install Solar system in my home for last 2 years because electricity prices are too high and there is lots of load shedding specially in summers. Temperature goes high to 40 - 45 Celsius  here (Pakistan). This bull run is a blessing for me as I have acquired necessary funds to finance a solar system that can run 2  Inverter Split AC. I feel so happy while placing the order today.  

Big thanks to BTC and an example of how Bitcoin is helping people in improving there living standards.

Hopefully it is ONLY a small part of your BTC stash since it does not seem to be a great time to be selling BTC... to each their own.

JJG I know it's still too low to sell bitcoin but trust me I badly needed financial assistance for my solar system installation. Reason I have already mentioned. This summer me and my family will chill thanks to BTC
Don't worry I still have bitcons that I well sell only once Bitcoin strikes 100k.
Moreover, our journey with Bitcoin is never ending. We won't stop accumulating bitcoins no matter what circumstances are.

According to your forum registration date, you are ONLY barely 4 years into bitcoin, so yeah, maybe I can give you a break on the solar panel system, but still I can hardly consider that you would necessarily be in a position to be selling very many BTC, especially since you are claiming that you are still in accumulation mode.. so why sell with one hand and buy with the other.. since you are the one who says that you are supposedly still accumulating.

Don't get me wrong, I am not trying to yuck your yum, but selling BTC does not seem to be a mode to accumulate more BTC... #justsaying

Certainly not.
When reading WatChe's explanation i remembered when i was offering my brother in law 0.2 BTC for roofing (i wanted to help his poor heroin-addicted ass), i think the price was pretty low, not much after the mindrust-event, when he replied "BTC will never go over $10k again" and refused, while he happily took the equivalent amount in fiat money. Well, months later, at a very similar stage of last cycle, i still had the 0.2 BTC, sold them with another 0.4 BTC which i had invested in the early bull phase ($9k to $25k-ish it was from in to out, rougly), which were destined to help financing the house extension, because Covid drove up the material prices (only by about 2x so far, lucky me).
However, i was aware that selling this early wasn't the way to accumulate more BTC, but it was helping to raise the value of our home (in case we have to sell our home some day, to leave the EU) and increased the overall quality of life at home.
I wouldn't do anything different if i had a second chance, though.

(EDIT: I mixed up the numbers a lil bit, beacuse i remember i got out more than 0.6x$25k, when revisiting the chart i must have sold at $38-$42k/BTC in 2021)

But, yeah, JJG, it is what it is: A tradeoff (in various ways i won't cover explicitly).

In the case of WatChe, i can just congratulate him that he doesn't put the fiat from his sale into more or less useless, needless things and/or services, while keeping the BTC would have been a little better (in future hindsight, practically), but don't forget: YOLO.

@WatChe: Take care for proper cooling (airflow! for better performance) and spacing (for repair issues) around the panels. And electric security. A burning roof is not a good roof We're speaking several hundreds of Volts with a good Amperage.

Thanks!
Mango says here I am in the kitchen!
..
Some monster over clipped his wings, and so he can't fly.   We adopted him as a rescue bird.   He does have full run of the house though, no cages for this guy.   Well we do have one, but the door is always open, and he has a little nest on top that he usually hangs out in.

Sweeeeeeet  

[BitcoinBunny]

https://www.bbc.com/news/technology-68434579

That's an interesting graph... and to be honest a nice read too.. after long time some facts and actual stuff that talks about bitcoin.

Bitcoins lost forever 2.4m (11%), according to report an estimate suggest between three million to as many as six million may be have been lost forever.
A loose estimate that's often agreed upon is 3.5 million.

In the same article while discussing Cryptocurrency exchanges its mentioned that exchanges act like banks and there's a warning too, leaving your coins on an exchange can go wrong though.

Most interesting is "Unknown whales",  A Bitcoin whale is someone who holds more than 10,000 bitcoins in their digital wallet.  
A loose estimate is that large whales account for about 8% of all bitcoins.

8% that's far less what I used to think... and I remember how it was used to be reported that how whales control the price... this has been proved wrong.

Last coins "Yet to be mined", There are still only about 7% of coins yet to be mined.

People, 50% of all bitcoins are held by the general public about 10.5m bitcoins. River estimated that Bitcoin had 81.7 million users as of June 2023, or 1% of the global population.

Lastly there's a very important point, that this latest surge in the value of Bitcoin is not coming because individual retail investors , Analysts say whales like the big banks are pushing up price and demand. Yes that's true you can only imagine what happens when retail investors turns to bitcoin? Remember still on 1% of global population is holding bitcoin what if that percentage turns 10%?

I think we are witnessing banks / whales pushing out some of the little guys, which is a shame.

The ETFs are gaining, regardless of what Grayscale is doing and miners don't have enough for that surplus.

Don't let your Bitcoin go (certainly not just yet, even when you sell try to remain a whole coiner if you are!)...
21 million and with the millions lost, tell us there are not enough whole lifeboats.


You wanna be this guy (preferably in better shape), don't let your bank's CEO continue to be it.




(I'm convinced I saw the leopard bikini girl who is standing in a strip club years ago)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Breaking: Another new Satoshi Nakamoto just revealed himself:

https://bitcointalk.org/index.php?topic=5484211.msg63770590#msg63770590

* OutOfMemory puts loads of Popcorn on the shopping list

[Gachapin]

ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy

ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy

cute bird you have as your avatar there!


OT:
bears seem to have a hard time atm

Thanks!
Mango says here I am in the kitchen!
..
Some monster over clipped his wings, and so he can't fly.   We adopted him as a rescue bird.   He does have full run of the house though, no cages for this guy.   Well we do have one, but the door is always open, and he has a little nest on top that he usually hangs out in.

cute little guy!

sad to hear about his wings.  But I'm sure he is happy with all the freedom and love you give him ..  very nice  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Apocollapse]

People, 50% of all bitcoins are held by the general public about 10.5m bitcoins. River estimated that Bitcoin had 81.7 million users as of June 2023, or 1% of the global population.

I'm surprised they didn't add "people" in the graph when they're the most important, but I already fix it.

[ivomm]

Where do all these ETFs buy their bitcoin. If OTC, where do the OTC desks source it ?

They buy from OTC desks. The OTC desk is in contact with miners, whales or other entities holding hundreds, if not thousands, of bitcoins. The OTC desk agrees on a transaction at a spread over the reference rate between buyer and sellers.
Then they cross the order on the market.
So the transaction actually happens on the market (e.g. Coinbase) even if the price hasn't been formed on the exchange itself, but Over The Counter (OTC).

There are several ETPs though. Is that a possiblity?

There are a lot of illiquid and tax-inefficient ETPs in Europe, correct.

Most of the ETF's buy/sell from Coinbase Prime, which is an OTC. Coinbase Prime in turn buys/sells only from the US based crypto exchanges - Coinbase, Kraken and Gemini. All this is written in the ETF documentation. They can also avoid spot market if buy/sell ETF's arrive simultaneously from different ETF companies. So, most of Greyscale sells for example go directly to Blackrock buys without touching the spot market.

[LFC_Bitcoin]

Observing $66,697 and life is good. It’d be nice if after the recent volatility, we settle here a bit before another big leg up. We don’t want to get too over heater.

43 days until the halving and I feel like we’re at a higher price than expected for this stage of the four year cycle.
So do we pump again before or after the halving, only one way to find out, HODL.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

Observing $66,697 and life is good. It’d be nice if after the recent volatility, we settle here a bit before another big leg up. We don’t want to get too over heater.

43 days until the halving and I feel like we’re at a higher price than expected for this stage of the four year cycle.
So do we pump again before or after the halving, only one way to find out, HODL.

[BitcoinBunny]

I first heard about Bitcoin in the Katy Perry Roar days (2013).

My thoughts, in order of importance: Katy Perry is a stunning jungle goddess and Bitcoin may be something interesting, perhaps...



But this new look of Katy Perry is just nasty. Ugh....  
She looked awful as a blonde as well.




Bitcoin on the other hand has me more than convinced and it's my primary thought over any woman...

[criptoevangelista]

bear market ass

[BitcoinBunny]

Do people expect their Five Guys food bills to get smaller in Dollars?

This is what happens with a debasing currency, ran by a bunch of fraudulent nincompoops.

Five Guys' prices sparks outrage after $24 receipt goes viral: 'Highway robbery'
https://www.foxbusiness.com/lifestyle/five-guys-prices-sparks-outrage-24-receipt-viral-highway-robbery

"Five guys was always overpriced. Same meal was $15 ten years ago," an unimpressed commentator added.

Five Guys Meal

2014: $15 or 0.047 BTC
2024: $24 or 0.00037 BTC

Pick your currency.
You can literally eat at Five Guys every 3 days for an entire year for the cost of just 1 meal back in 2014, in BTC.

Soon it will be every day, every meal (3 times per day), every hour and so on...

1 BTC will buy the entire fast food chain eventually.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ataArt]

I first heard about Bitcoin in the Katy Perry Roar days (2013).

My thoughts, in order of importance: Katy Perry is a stunning jungle goddess and Bitcoin may be something interesting, perhaps...



But this new look of Katy Perry is just nasty. Ugh....  
She looked awful as a blonde as well.




Bitcoin on the other hand has me more than convinced and it's my primary thought over any woman...

The key is not to tell women about your cold wallet.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com