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

[El duderino_]

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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[dragonvslinux]

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.

[cygan]

it is now accomplished!
Michael Saylor now holds more than 1% of the total supply of BTCitcoin
another 9245 BTC were bought today - making a total of 214246 BTC
https://twitter.com/saylor/status/1770061111146033385

[BitcoinBunny]

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.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[aesma]

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.

Since the ETFs are backed by large, rich companies, shouldn't they be able to guarantee the funds anyway ?

I'm not invested personally but just wondering.

[criptoevangelista]

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.

I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.

his is my physical bitcoin:

https://bitcointalk.org/index.php?topic=5474660.0

[criptoevangelista]

it is now accomplished!
Michael Saylor now holds more than 1% of the total supply of BTCitcoin
another 9245 BTC were bought today - making a total of 214246 BTC
https://twitter.com/saylor/status/1770061111146033385

It reached a really expressive number. Saylor is our bitcoiner hero.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

we might need to retest 50k one last time before (hopefully) never coming back

[BitcoinBunny]

Waiting on GrayScale to run out of Bitcoin....

[El duderino_]

we might need to retest 50k one last time before (hopefully) never coming back

Over the years…. Tested that enough

We have to test 100k and beyond…

That’s the true testing phase
The not joining cheap anymore, the they have had enough chances and now it’s for those who understand/believe

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

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.

At the time of approval of the spot ETFs, Grayscale had just over 600 000 BTC, and according to the data I am looking at today, it has about 368 000 BTC - which means that their bag is still quite full. It seems that a few more months will pass until they sell everything they have planned.


Source

[sirazimuth]

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.

I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.

his is my physical bitcoin:

https://bitcointalk.org/index.php?topic=5474660.0

Nice job, fellow CNC machinist. That's awesome!
I did something similar here for the 10th Anniversary Art Contest in 2019. Unfortunately, the images have all since been nuked for reasons.
https://bitcointalk.org/index.php?topic=5193860.msg53005794#msg53005794

Here's a one I did, polished recently, in a similar vein.
Machined on a Mazak VMC 50/80, programmed on Mastercam software.
Material is 4" diameter tool steel. Engraved with .125" carbide ball endmill.

https://bitcointalk.org/index.php?topic=178336.msg63432908#msg63432908

(There's other various CNC crap I've done over the years... posted and lost, somewhere in the bowels of this here famous 10 billion page thread.)


Hey Buddy!  WTF?

[Volgastallion]

Im really optimistic in this little bear run we are facing and also seeing very good lighst and clues in this one.

If you see a lot of big hands selling some of his coins to make profit, but in the end we are not dumping so much we still above 60k after a big big dump, so we are very strong in general.

I read some guys here saying we need to retest 50 k after we gonna go up again to the new ATH, and i think in a similar way, but still the same as above, only restesting to 50k to again going into a fucking big ATH seems awesome for me.


About ETF i dont really know how this big companies manage internally this bags, if they have to collect profit from time to time, or if they only proceed from waht people brought or sell.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

we might need to retest 50k one last time before (hopefully) never coming back

Over the years…. Tested that enough

We have to test 100k and beyond…

That’s the true testing phase
The not joining cheap anymore, the they have had enough chances and now it’s for those who understand/believe

sure. I prefer that too.

in the end badger does what badger wants.

[criptoevangelista]

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.

I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.

his is my physical bitcoin:

https://bitcointalk.org/index.php?topic=5474660.0

Nice job, fellow CNC machinist. That's awesome!
I did something similar here for the 10th Anniversary Art Contest in 2019. Unfortunately, the images have all since been nuked for reasons.
https://bitcointalk.org/index.php?topic=5193860.msg53005794#msg53005794

Here's a one I did, polished recently, in a similar vein.
Machined on a Mazak VMC 50/80, programmed on Mastercam software.
Material is 4" diameter tool steel. Engraved with .125" carbide ball endmill.

https://bitcointalk.org/index.php?topic=178336.msg63432908#msg63432908

(There's other various CNC crap I've done over the years... posted and lost, somewhere in the bowels of this here famous 10 billion page thread.)


Hey Buddy!  WTF?

Beautiful piece, very good work. I haven't polished my BTC yet, I haven't had time yet

here I used a ROMI D800, to write I used a special writing tool with a diameter of 6mm, 60 degrees and a nose radius of 0.2. We generally use it to write on Cold Box casting molds. The topic also has photos of it and the process, software and everything else.

No photos saved? I would love to see the photo in the first link.

There are already 3 of us here involved in making pieces, soon it will be a gang formation lol