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

[Bravut]

 Ali Martinez revealed on his X handle, that 25,000 BTC flows into accumulation addresses amounting to $1.6B in a single day on Friday 22nd of March, which is the highest so far in 2023.

This signifies more big player are entering the Bitcoin market, as well as more holdings by investors that look Bitcoin as a long term investment.
This is also an indication of bitcoin pumping again, though bitcoin pump as of March is positive with a Market cap of $1.26 trillion.

Ensure you have enough holdings, keep accumulating. Bitcoin is suitable for long term investment.

https://www.tradingview.com/news/newsbtc:c749b7f0c094b:0-bitcoin-addresses-add-1-6-billion-in-btc-in-a-single-day-price-recovery-soon/

[1714468054]

1714468054

[criptoevangelista]

I'll go with the rusty ring...

Yeah, right.

Just wait until the two hatches open and the giant robo-balls come out...

left is a girl, right is a boy

If they meet, the result is this:

The little bull

[El duderino_]

O/T

Ghostbusters: Frozen Empire (2024)

Clusterfuck.
Afterlife is better.

Don't bother. See Late Night With The Devil (2023) if it's playing near you. More fun, more unsettling, simpler.

5/10

Road house was a joke as well

Bad acting for 2 hours

[fillippone]

The 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.

Nice to hear that.
Do you have a source for this information?

I was blaming MS because he was selling shares, instead of Bitcoin he was telling everyone that shares would perform better than Bitcoin. Of course, if these shares are the result of options exercise this changes the framework a little bit, even if he can exercise the option and remain long the stocks without selling those.

[Hueristic]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

Tourists Love to Rub the Bronze Balls of Wall Street’s Charging Bull Statue. Why?

https://www.atlasobscura.com/articles/tourists-love-to-rub-the-bronze-balls-of-wall-streets-charging-bull-statue-why

[DaRude]

I'll go with the rusty ring...

Yeah, right.

Just wait until the two hatches open and the giant robo-balls come out...

left is a girl, right is a boy

If they meet, the result is this:

The little bull

Then we all know which one gets fucked

[xhomerx10]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

[goldkingcoiner]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

I agree. While kneeling, they need to hold on to something with their other hand to give themselves support while fondling the bulls balls.

btw I like your 420 img width

Thank you for noticing

[philipma1957]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

[Roggeredek]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

Source unknown.


It has been surgically opened and is now ready for frying. Eat and ready for the next bull.   

[goldkingcoiner]

Ok time to get back to talking about the Bitcoin price. Enough balls.

Seems that BTC has found a steady footing and is going up again.

Edit: Don't @ me with balls.

[xhomerx10]

From the polished parts, you can tell that a large number of superstitious wall street bankers rub those bull balls for luck, before starting their day of robbing people blindly in new and creative ways.

~snip

 I'm wondering what they're rubbing the balls with when the two hind legs also seem to be polished at the same level - handholds?

that would mean they are tea bagging the bull

Source unknown.


It has been surgically opened and is now ready for frying. Eat and ready for the next bull.   

 Oh God.  I hope those aren't the result of a workplace tragedy.

[bitebits]

The 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 Q3 financial results. He buys bitcoin privately with the proceeds.

Nice to hear that.
Do you have a source for this information?

I was blaming MS because he was selling shares, instead of Bitcoin he was telling everyone that shares would perform better than Bitcoin. Of course, if these shares are the result of options exercise this changes the framework a little bit, even if he can exercise the option and remain long the stocks without selling those.

I did provide the source. But to be more specific @49:18:


https://www.microstrategy.com/investor-relations


More details in the 10Q on page 77 (Nov 1, 2023):

Rule 10b5-1 Information

On September 19, 2023, Michael J. Saylor, the Chairman of our Board of Directors and our Executive Chairman, entered into a 10b5-1
trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act with respect to the sale
of up to 400,000 shares of our Class A common stock underlying a vested stock option, which expires if unexercised on April 30, 2024.

Under this trading plan, on each trading day from January 2, 2024 to April 25, 2024, Mr. Saylor plans to exercise and sell 5,000 shares
with respect to the stock option, subject to a minimum price condition. To the extent less than 5,000 shares are exercised and sold on a
given trading day, the balance can be added to the number of shares exercised and sold on any future trading day up to and including
April 26, 2024, which is the last date on which shares may be exercised and sold under the plan.

https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt4bfd39c423aa82dc/6544de43a6f13604076c86e4/form-10-q_11-01-2023.pdf

[Biodom]

The 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 Q3 financial results. He buys bitcoin privately with the proceeds.

Nice to hear that.
Do you have a source for this information?

I was blaming MS because he was selling shares, instead of Bitcoin he was telling everyone that shares would perform better than Bitcoin. Of course, if these shares are the result of options exercise this changes the framework a little bit, even if he can exercise the option and remain long the stocks without selling those.

I did provide the source. But to be more specific @49:18:


https://www.microstrategy.com/investor-relations


More details in the 10Q on page 77 (Nov 1, 2023):

Rule 10b5-1 Information

On September 19, 2023, Michael J. Saylor, the Chairman of our Board of Directors and our Executive Chairman, entered into a 10b5-1
trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act with respect to the sale
of up to 400,000 shares of our Class A common stock underlying a vested stock option, which expires if unexercised on April 30, 2024.

Under this trading plan, on each trading day from January 2, 2024 to April 25, 2024, Mr. Saylor plans to exercise and sell 5,000 shares
with respect to the stock option, subject to a minimum price condition. To the extent less than 5,000 shares are exercised and sold on a
given trading day, the balance can be added to the number of shares exercised and sold on any future trading day up to and including
April 26, 2024, which is the last date on which shares may be exercised and sold under the plan.

https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt4bfd39c423aa82dc/6544de43a6f13604076c86e4/form-10-q_11-01-2023.pdf

So...since Jan 2 and until April 25 (80trading days) he could have been selling 5000 sh/trading day.
However, there were no sales until March 1 (MSTR went from 695 to 1079 before he started selling).
His sales are also not always at a max:
so far 33 sales, total number of shares sold 77575, average price ($1481.88...wow!), total $110,652,495
https://www.secform4.com/insider-trading/1050446.htm

Conclusions: he could have started selling at $600, waited two mo until the price went above a thou and has been selling less than he could, but the conditions of his sales are such that he could sell more as long as total number does not exceed 400K shares. Btw, he structured it in such a way to finish sales by the halving.

So far, he has executed these sells very well, getting $1.48K/share while the average since Jan 2 was no more than a thou.
The guy is obviously brilliant, the only question is whether he will be using his prowess at our expense and so far, he has been quite modest, taking off just 110 mil off of 14.22 bil stock appreciation in 2024, which is about 0.77%.

I can definitely live with a CEO that causes almost 3X appreciation in 3 mo and only takes home less than one percent of accrued shareholder value.

[OgNasty]

O/T

Ghostbusters: Frozen Empire (2024)

Clusterfuck.
Afterlife is better.

Don't bother. See Late Night With The Devil (2023) if it's playing near you. More fun, more unsettling, simpler.

5/10

Road house was a joke as well

Bad acting for 2 hours

I liked the opening scene with Post Malone and thought it showed a lot of promise, but Conor McGregor sort of ruined the movie with his cartoon character acting style. I’d rather watch the original…

[shahzadafzal]

WTF is wrong with people… they could have bought 25.72289614 BTC but no they want to buy this!!!

Remember this guy?

Last time he made more than $1M+ by selling his NFTs.

Today, he just made a presale out of his selfie and made 500ETH+ in less than 30 minutes!🤯

[OutOfMemory]

OT:

using paid software to process my astrophotography images made me elevate the quality of results by a good amount.
After taking the learning curve, i decided to process and post an older image of the orion nebula, from last december.
I have to admit that i'm quite impressed by the difference of the results. Less noise, more sharpness, more dynamics, finer detail.
Take a look (click to view original size):



Aaaaand it's sunday, so:

I'm kept quite busy
while Bitcoin doing it's thing
not really watching

will resume later
maybe after days, or weeks?
king daddy won't care

#haiku

[AlcoHoDL]

[...]



[...]

Wow! Breathtaking!

+1 WOsMerit.

[JayJuanGee]

poll is long out of date so I think it needs to be updated. 
Since the price of Bitcoin has crossed $65k and touched $73.6k, let's re-vote it again.
[Any member View post and Quote post]

Quoted for view of your image.  Sure.  A new poll would be nice.

For example:

Which one will happen first: 

$82k?

or

sub $55k?

Maybe that is not an adventurous enough question?

But notice my self-serving nature of picking what I had previously proclaimed to be  No man's land, which I will point out so far has not been breached since we entered into it - right around midnight - the start of February 27, 2023 - a bit less than a month ago... but who is counting? besides me?

[goldkingcoiner]

See Late Night With The Devil (2023) if it's playing near you. More fun, more unsettling, simpler.

The trailer looks promising. Thanks for the tip! IOU 1 merit.

OT:

using paid software to process my astrophotography images made me elevate the quality of results by a good amount.
After taking the learning curve, i decided to process and post an older image of the orion nebula, from last december.
I have to admit that i'm quite impressed by the difference of the results. Less noise, more sharpness, more dynamics, finer detail.
Take a look (click to view original size):

I can feel myself floating in this picture. Thats how clear it is. Very noice.