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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy be beating down the price.


enough !

[bitebits]

When in doubt, Zoom out they said.

[DaRude]

Congratulations, according to my maths we have survived over 50% unwinding of GBTC. On Jan 10 GBTC held BTC619.187 and today they hold about BTC308.606 which is 49,8% from before the ETF was approved! They still proved supply pressure for few more months, but we're over the hump!

Didn't the CEO, leader, or whatever the hell Grayscale has say that fees would come down, and last week that outflows had already reached equilibrium, yet the outflows still continue at $100s of millions per day?

Something very strange going on there when you actively want to go out of business, don't give a crap about it and just spout lies continuously.

He claimed that they submitted to do a spin-off with lower fees, but I'll believe it when i see it. He might go down in history as ETF that lost the most from all of the ETFs ever! But the BTC300k AUM they still have is no joke, with upcoming mining supply going down to BTC450/day they can match that with their sell offs for 666 days.

Edit: Also, the inflows to all ETFs except for GBTC are dropping faster than outflows from GBTC. Meaning last weeks we had net outflow from all of the ETFs and looks like this week will be the same.

[BitcoinBunny]

[bct_ail]

So the Dubai flood was probably due to cloud seeding.

It was because of too much rain.

[BitcoinBunny]

When in doubt, Zoom out they said.

Funny when I had to conduct an interview and was sent a zoom link. Had to install the program.

I was thinking "Oh yeah, I remember this ZOOM thing from years ago."

Everything else from 2020-2021 seems like yesterday, but not using Zoom for some reason.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

All you need to do is be the FIRST person to correctly guess what the exact USD value of Bitcoin to the nearest dollar, as reflected on Kraken, will be at 04:00 PM UTC on April 20, 2024.

For the Contest, 1 winner will be eligible to receive the prize of 0.5 bitcoin. The winner will receive the prize in the order of ranking as determined by Kraken pursuant to Section 6 of these Rules.

https://www.kraken.com/btchalving2024redditterms

[BitcoinBunny]

Good to know Canadian tax dollars are spent wisely.

Ontario resident who wants both a vagina and penis wins public funding for unique surgery
https://nationalpost.com/news/canada/ontario-resident-ohip-surgery

[El duderino_]

When we got spoiled for some weeks/months…. Then BTC can be an annoying thing as well

[WatChe]

Bitcoin Halving 2024: How It's Different This Time, Myths Debunked, Bitcoin Bugs, and More — by Andreas Antonopoulos

Highly recommended watch — for both newbies and experienced coiners. It's a breath of fresh air to watch someone who really knows his stuff talk about the upcoming Bitcoin halving.

Thanks, Andreas, for helping me understand Bitcoin and making me buy my first coin back in 2015.

This guy is superb just Saylor. Have to watch this video with play back speed of 0.75 to understand what he is saying about Halving.
I am not an expert so following points were informative for me.

• Halving happens after every 210k blocks.
• Bitcoin doesn't exists as unit of measurement, in system the unit of measurement is Satoshis. One Bitcoin is 100 million Satoshis.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Bitcoin Halving 2024: How It's Different This Time, Myths Debunked, Bitcoin Bugs, and More — by Andreas Antonopoulos

Highly recommended watch — for both newbies and experienced coiners. It's a breath of fresh air to watch someone who really knows his stuff talk about the upcoming Bitcoin halving.

Thanks, Andreas, for helping me understand Bitcoin and making me buy my first coin back in 2015.

This guy is superb just Saylor. Have to watch this video with play back speed of 0.75 to understand what he is saying about Halving.
I am not an expert so following points were informative for me.

• Halving happens after every 210k blocks.
• Bitcoin doesn't exists as unit of measurement, in system the unit of measurement is Satoshis. One Bitcoin is 100 million Satoshis.

Yes, he probably speaks a little too fast for some viewers, but it's one of the few videos (if not the only one) I've come across, that actually has something useful to say about the halving.

It's also interesting to learn about little things, such as the actual computation of the updated (halved) reward, which is not done by simply dividing the current amount by two, but by shifting the current amount to the right by 1 bit, thus effectively dividing by two and rounding off any resulting satoshi fractions (which cannot exist). Also good to be aware of the little bugs in the Bitcoin code, such as the "off-by-one error" that effectively causes the difficulty to adjust to be slightly faster every retargeting period.

Lots of little gems -- densely packed knowledge, and no-nonsense, to-the-point analysis of how the halving can affect price in the coming weeks/months/years.

[Gachapin]

All you need to do is be the FIRST person to correctly guess what the exact USD value of Bitcoin to the nearest dollar, as reflected on Kraken, will be at 04:00 PM UTC on April 20, 2024.

For the Contest, 1 winner will be eligible to receive the prize of 0.5 bitcoin. The winner will receive the prize in the order of ranking as determined by Kraken pursuant to Section 6 of these Rules.

https://www.kraken.com/btchalving2024redditterms

that might be a reason for me to login again since many years 

[Gachapin]

was a bit early but I'm still curious...

...
Will 60k hold? opinions?

I say we will probably get at least a fakeout in the 50s. However should new bad news appear (goxcoins or so) I think we will lose 60k until fall

[El duderino_]

was a bit early but I'm still curious...

...
Will 60k hold? opinions?

I say we will probably get at least a fakeout in the 50s. However should new bad news appear (goxcoins or so) I think we will lose 60k until fall

Haha lol
Come on pleaseeee

Lose 60k until fall

Talking like a real noob imo… not that you are…. But the so typical thing to say after a few days of dropping price

Everything is always possible but losing 60k until fall like it’s a sure thing….

Not WO worthy writing…

I don’t want to react hard, but a bitcoiner shouldn’t think like this at all imho.

[El duderino_]

Being in 50-60k range now

And 70-80 in like 2-3 weeks from now or maybe next week…
It’s all possible

[BobLawblaw]

It's over.

No new ATH before the halving.

$75k nowhere in sight.

$100k still a dream.

I was told there would be green dildos about now.