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

[d_eddie]

I do have a little doubt that maybe I’m wrong and the normies are right,

I don't. You've been there too haven't you? Come on...

but I’ll stick to hodling and see what happens.

... when in doubt, HoDL.

[vapourminer]

.. and the worms ate into his brain ..

[Biodom]

worms don't like to be in the brain...they die in there...they 'like' to be in the gut 

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

screen shot in case a deletion screws up count

[DirtyKeyboard]

ChartBuddy's Daily Wall Observation recap
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All Credit to ChartBuddy

[gallianooo]

New poll : 50K or 100K first ?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

I am bored of 62K. Can we do 70K now, please?

Maybe some (little) more pain before real UP  

Are you saying down before up?

New poll : 50K or 100K first ?

Oh?   It does appear as if you are considering down before up, and you have some specific numbers in mind, which truly would not be unusual to go down to or below $50k, even though it would not be necessary to go there prior to going up. 

By the way, if you had not noticed, we are still in no man's land (which is around the territory of $55k-ish to $82k-ish), so I am going to stick with the general ideas that the odds for UP remain greater than the odds for down, so maybe I would give 45% to hitting $50k prior to $81,999.. but then you are not asking about $81,999, so $100k adds an additional level of further potential resistance and possibly some other principles of being outside of no man's land, including being above it, so maybe I would end up going pretty close to 50/50.. but that sounds like a cop-out.. so maybe I would still be slightly leaning in favor of $100k first, as compared with $50k, so may be 52%-ish odds for $100k prior to $50k give or take 0.42099451%

[ChartBuddy]

Explanation
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[JayJuanGee]

FTX Has Billions More Than Needed to Pay Bankruptcy Victims

I wounder where those billions came from  in other news GBTC is back to outflows after the 2 days of odd inflows

These kinds of headlines are really getting on my nerves.

If they were going to pay people back in terms of bitcoin and even in terms of the various shitoins that they were holding at the time of their filing of the bankruptcy, I would not have as many problems with these kinds of claims of paying back "more" - because it is just not true.

Let's just stick with bitcoin since I don't personally care as much about the various shitcoins, but in terms of bitcoin, I am pretty sure that the BTC price was around $16,500 to $17,500 on November 11, 2022 - when FTX filed for bankruptcy.  So yeah they are valuing the BTC claims at whatever price they are using  - maybe the price at the time of the filing.. and I had seen somewhere in December 2023, the FTX folks might have been proposing $16,871 for the BTC claims - so yeah, it is a bunch of bullshit when they are claiming that they have more money than to pay out claims since so far (since the US bankruptcy standards seem to allow such scams) they are placing a dollar value at the time of the bankruptcy filing.

So fuck their claims of paying extra (or having extra) or whatever they are trying to claim, since when I currently look at the bitcoin price, I see bitcoin spot prices of around 3.65x higher than their prices at the time of the FTX bankruptcy filing, so if they say that they are going to pay the bitcoin holders 3.65x more than their claims (right now), then I have no problem with that, but since they are going to drag out the paying back of claims, just give the clients the bitcoin that they thought that they had.  That would be the correct thing to do.. and probably even the correct thing to do in regards to the various shitcoins, even though there would likely be some technical difficulties dealing a lot of those shitcoins, so there could be some excuse to place a dollar value on some of the various shitcoins, and pay that back.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[El duderino_]

https://x.com/WatcherGuru/status/1788371259287327136

[ChartBuddy]

Explanation
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[somac.]

https://x.com/WatcherGuru/status/1788371259287327136

Big news maybe. He used to be against it when he was president IIRC.