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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714511651]

1714511651

[1714511651]

1714511651

[1714511651]

1714511651

[WatChe]

Next attempt on ATH
initiated today
A Haiku Sunday

Got a message from one of my friend who is in USA (also a non Bitcoiner) that Bitcoin is at 70k.

My simple reply, Bitcoin is the king.

I'm sure that your friend will find your message to have had been very helpful... It is almost like saying:  "I told you so," but in a more subliminal way.

The issue with people is that they are attracted to bitcoin only when its bullish or at its ATH. No matter how much we tell them about Bitcoin during bear season they seldom pay attention.
Since my friend has finally decided to invest in Bitcoin. I have given him advice to monitor the market now and its not a good idea to invest huge money at once while Bitcoin is at its ATH. If someone is new to Bitcoin and has no future plan then he better wait for a while. Just my few Satoshis.

[Lucius]

Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

[philipma1957]

Poll should change to:

What do you think will happen first:

Back to 65K or new ATH at 100K.

how about 66666 or 77777?

66666 or 99999?

99999 or 123456?

[Akbarkoe]

huahhhhhhhhhh very long sleep


BTC Towards $ 100k wakes me up

[NotATether]

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

Coinbase has reserves greater than Satoshi himself. Or in other words, over 1 million BTC.

It would be unlikely that Microstrategy alone could cause a liquidity crunch. But then again, I (We) have seen dumb exchanges go down with less.

[philipma1957]

Good morning WO!

I spy with my little eye.... 71k!

So we have now entered no-mans-land. The new frontier (ha, get it? Because Star Trek).

Can't wait for us to pass 100k, finally! Those ETF's sure are doing their job . Good.

We entered no man's land at $55k..and it probably lasts until about $82k-ish... give or take a couple k..

Sure, this would be called price discovery (and yeah probably in that regard the new frontier of places not yet explored) since all time highs are being reached.. and hard to even come close to proclaiming that we are approaching either blow off top territory or even over exuberance.. yet.. .. but yeah, if we go to $90k in the next 12 to 36 hours, I, personally, would consider that to be over exuberance... each person likely has their own definition and that's why some people are still waiting for a 50% correction.  

We are not over exuberant. Yet.

Mining pays 12 cents a th

or 6 cents in a month.  That 6 cents is very shitty for mining.

But if we were at 123456 right now we would be at 20 cents a th soon to be 10 cents a th at the 1/2ing

if we are at those numbers after the 1/2 ing it would be uncharted highs for miners right after the ½ ing.

Soon to see what happens

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Explanation
Chartbuddy thanks talkimg.com

buddy and badger are pushing us higher and higher.

[d_eddie]

Time to change the poll, no?

 Yeah, otherwise it's way too easy now.  Duh.  Anyone who wouldn't pick 65k now is just being a contrarian.

Price - function of time
Looking smooth at every point
Until it isn't







#haiku

[Paashaas]

[Toxic2040]

[Biodom]

Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

Maybe not MSTR by itself, but MSTR layered on the top of multiple ETF purchases, but who knows, it was just time-correlated.

EDIT: Another 5K btc and MSTR would be at 1% bitcoin that would ever be. I wonder if M.Saylor would stop there, though. I also remember that Roger "the finger" Ver had 300K btc at some point (which he, apparently, bought at $5 per). I wonder how much of that stash he subsequently converted to a fork which he was so adamant about. He was definitely NOT a hodler.

[aesma]

Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.

Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.


Source

Most coins should be held in cold storage IMHO.

If that is the reason exchanges have issues sometimes they should simply say so, security is something we can all agree is key.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitserve]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

[philipma1957]

when 3x wo page count?

🔜 soon?


it would be 99426

as 3x33142= 99426

I wonder that if we ever get to 3x page count what will it be?

33333x3=99999

so I have to think that is not going to happen that soon.

maybe by 35000 we are at 105000

[El duderino_]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

there was a violent revisit under 60k .... already far to violent for me...

please give the seasoned OG's just a forward travel thx in advance.

[philipma1957]

This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.

P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?

there was a violent revisit under 60k .... already far to violent for me...

please give the seasoned OG's just a forward travel thx in advance.

yep march 5th we dropped hard.

close to 73k.

[Toxic2040]