ChartBuddy
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March 19, 2024, 07:01:32 AM |
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ExplanationChartbuddy thanks talkimg.com
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somac.
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Never selling
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March 19, 2024, 07:10:28 AM |
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Record GrayScale outflow on 18 March. Something weird going on there with keeping their fees high. Maybe they are preferring to have an Eth ETF eventually. It would suit them. In all seriousness; it seems that GrayScale is the actual resource for the ETFs that were created. Most likely an inside deal with Blackrock I suspect. Simply not to ramp up the BTC price too much too soon? I think with Wall Street having entered the space more we are also seeing more shenanigans going on. And the irony of course is that crooks like Jamie Dimon said that Bitcoin was mostly used by criminals. Unbelievable! Watch what they do, not what they say....My big hope is that the large GBTC outflows continue. I want this sucker down to zero and at the current rate that will be done in just over a month.
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DirtyKeyboard
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Fly free sweet Mango.
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March 19, 2024, 07:42:35 AM |
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ChartBuddy's 24 hour Wall Observation recap ..All Credit to ChartBuddy
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ChartBuddy
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March 19, 2024, 08:01:16 AM |
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ExplanationChartbuddy thanks talkimg.com
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UnDerDoG81
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March 19, 2024, 08:49:10 AM |
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OutOfMemory
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Man who stares at charts
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Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick. Business as usual Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity. Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center Well, i'm not in the machining industry, but i was trained to work with industry grade machinery like lathes and milling machines when i visited a tech school (comparable to College in terms of USA). In the meantime more than 30 years passed by, but i kept all the basics. I manufactured hand made finger rings made of exotic hardwood and imo the best way to get ring blanks out of dense wood for wood turning was a CNC milling machine. It's a converted engraving machine, suitable for llimited space and equipped with powerful step motors. It would work with metals too, but the cooling using fluid would be too messy. I restricted myself to mostly automatic work, because i developed neurodermitis at the fingertips because of exposition to the fine dusts and tons of hours of wet sanding. Maybe i make 2-3 rings a year for giving away as presents. Sanding with Nitril gloves is an option, but they tend to tear and the tiniest of a wrinkle makes it hard to "feel" what is going on, and they're too sticky as well. Would you fight Mike Tyson for 10 whole #bitcoin?
Ary you kidding?! 10 Bitcoin can't buy you a new ear, or can they? EDIT: AND WHEN YOU THOUGHT YOU'VE SEEN IT ALL... Yesterday somebody stole our hay from the haybarn when we were away. They only left as much for the horses to be fed another day. Fucking sickos! I was thinking about security cameras before, but now i'm already shopping online while writing this.
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ChartBuddy
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March 19, 2024, 09:03:26 AM |
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ExplanationChartbuddy thanks talkimg.com
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BitcoinBunny
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March 19, 2024, 09:52:35 AM |
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Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick. Business as usual Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity. Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center Well, i'm not in the machining industry, but i was trained to work with industry grade machinery like lathes and milling machines when i visited a tech school (comparable to College in terms of USA). In the meantime more than 30 years passed by, but i kept all the basics. I manufactured hand made finger rings made of exotic hardwood and imo the best way to get ring blanks out of dense wood for wood turning was a CNC milling machine. It's a converted engraving machine, suitable for llimited space and equipped with powerful step motors. It would work with metals too, but the cooling using fluid would be too messy. I restricted myself to mostly automatic work, because i developed neurodermitis at the fingertips because of exposition to the fine dusts and tons of hours of wet sanding. Maybe i make 2-3 rings a year for giving away as presents. Sanding with Nitril gloves is an option, but they tend to tear and the tiniest of a wrinkle makes it hard to "feel" what is going on, and they're too sticky as well. Would you fight Mike Tyson for 10 whole #bitcoin?
Ary you kidding?! 10 Bitcoin can't buy you a new ear, or can they? EDIT: AND WHEN YOU THOUGHT YOU'VE SEEN IT ALL... Yesterday somebody stole our hay from the haybarn when we were away. They only left as much for the horses to be fed another day. Fucking sickos! I was thinking about security cameras before, but now i'm already shopping online while writing this. Those bastards. Too bad you can't train one of your horses on how to use a shotgun.
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ChartBuddy
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March 19, 2024, 10:01:17 AM |
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ExplanationChartbuddy thanks talkimg.com
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Gachapin
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March 19, 2024, 10:32:15 AM |
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Are prices falling like this due to recent US inflation data? because if so... I will never be able to understand how all this works based on the macro market... What seems to happen is: the inflation data was released and psychopathic traders around the world started selling everything automatically? this seems so strange to me... what kind of investors do this? that's how it works? Can someone more experienced explain? Don’t buy BTC for a quick overnight buck Don’t buy BTC when not able to stomach a minor dip (10%ish) and a 85% down bear marketDon’t buy BTC when only $ is in your mind… ftfy
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Gachapin
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March 19, 2024, 10:54:24 AM |
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Saylor’s $500,000,000 offering closes today. We should see another smash buy sometime in the next couple of days that sends BTC to another peak. That would probably make a good short term selling opportunity for traders, but the big boom is still ahead of us. I think by Halloween we should be sitting above $100,000, but I wouldn’t be surprised if we revisited $50K first.
I know that Saylor has been a good advocate for Bitcoin in recent years. But is he really better than Rojer Ver, and others like him? Of course, he is way too smart to fall into the trap of creating his own shitcoin and losing money trying to pump it. Instead, he is riding on the wave of Bitcoin by creating some kind of a ponzi. Below are some tweets from a long thread, describing in detail what is going on. Michael Saylor is pumping Bitcoin on the media every single day & selling convertible notes to buy more $BTC. So why is he then selling 5000 shares of his $MSTR stock everyday for a cumulative $195m of stock sold YTD? This is almost a $1bn annual run rate fwiw. In September 2023 Saylor filed a 105b1 plan to regulary sell his shares. As you can see on the chart in the last thread he is selling at very regular intervals. So why is he issuing convertibles to buy more Bitcoin and simulataneously pushing up the price which then pushes up his stock price? Namely, because MSTR equity trades at an insane premium to its underlying Software business + BTC After-Tax holdings of 120%. So this implies that for MSTR to trade at NO PREMIUM to its BTC holdings at $68k price the price of BTC would need to be $157,000 - 130% higher than last price I checked this morning. This has true blue ponzi / reflexive / flywheel dynamics in that Saylor issues converts to buy Bitcoin, drives up the price of Bitcoin, which drives up his equity value, then he sells his own stock, and then does it again. Guy has down two converts for $1.4bn in the last two weeks. Tbh, he should just keep doing them as long as the market will bear it. Just be weary when the arbitrage breaks down, as it always does. Then we could see some real unwinds. Probably need to look at the options market for clues as to when the protections will unwind. https://twitter.com/BenBrey/status/1769737363280822381So many coins accumulated in one place is always a risk. If his strategy blows up we have (temporary) a problem. With regard to his motivation.. maybe he is selling his overvalued shares to buy BTC. Wouldn't be shocked seeing his conviction towards Bitcoin. The halving draws near, With Bitcoin's price on the rise, Moon-bound, stars align.
There. Now it's a haiku. nice work!
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ChartBuddy
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March 19, 2024, 11:01:17 AM |
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ExplanationChartbuddy thanks talkimg.com
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bitebits
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Flippin' burgers since 1163.
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March 19, 2024, 11:12:54 AM |
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Saylor’s $500,000,000 offering closes today. We should see another smash buy sometime in the next couple of days that sends BTC to another peak. That would probably make a good short term selling opportunity for traders, but the big boom is still ahead of us. I think by Halloween we should be sitting above $100,000, but I wouldn’t be surprised if we revisited $50K first.
I know that Saylor has been a good advocate for Bitcoin in recent years. But is he really better than Rojer Ver, and others like him? Of course, he is way too smart to fall into the trap of creating his own shitcoin and losing money trying to pump it. Instead, he is riding on the wave of Bitcoin by creating some kind of a ponzi. Below are some tweets from a long thread, describing in detail what is going on. Michael Saylor is pumping Bitcoin on the media every single day & selling convertible notes to buy more $BTC. So why is he then selling 5000 shares of his $MSTR stock everyday for a cumulative $195m of stock sold YTD? [...] https://twitter.com/BenBrey/status/1769737363280822381The guy you are quoting is an idiot. Saylor is selling MSTR options that he got 10 years ago that will otherwise expire. 5000 shares per day in Q1. Saylor has been fully transparent about this in their Q4 financial results. He buys bitcoin privately with the proceeds.
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Paashaas
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March 19, 2024, 11:31:43 AM |
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Barry fcking Shillbert continues selling thousands of coins every day.
$20 billion+ Bitcoin bag ready to be dumped.
Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.
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El duderino_
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BTC + Crossfit, living life.
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Good to see I guess ETF’s not changing narratives Dips will still be there
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El duderino_
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BTC + Crossfit, living life.
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Barry fcking Shillbert continues selling thousands of coins every day.
$20 billion+ Bitcoin bag ready to be dumped.
Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.
Don’t stay in to long… you might miss some looming ATH’s
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ChartBuddy
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March 19, 2024, 12:01:19 PM |
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ExplanationChartbuddy thanks talkimg.com
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dragonvslinux
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Crypto Swap Exchange
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March 19, 2024, 12:39:49 PM |
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Barry fcking Shillbert continues selling thousands of coins every day.
$20 billion+ Bitcoin bag ready to be dumped.
Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.
Isn't it $40b? It shouldn't take that long I don't think, maybe another month or two? Especially if the selling continues to increase. Can someone remind me how much Bitcoin GBTC had to begin with, how much they've sold already? Want to calculate what the timeframe is looking like. Ironically without GBTC outflows, there basically are no outflows, even if lower inflows at present, which speaks volumes... The sooner that GBTC is flushed out the market the better.
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BitcoinBunny
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March 19, 2024, 12:50:41 PM |
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Saylor, Black Crock, Grayscale, ETFs, NFTs, Eth, Solana, Binance with its own coin, coin burning, stable coins, Dog wiv hat, staking, shite this, shite that. Countless distractions.... EFTs may give some people peace of mind but so far every time we have seen "not your keys but we will keep you coin and promise to be good" end in complete disaster, I'm not sure I would recommend them.
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