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

[shahzadafzal]

More seriously, has anyone tried spitting on it?

“You gotta give ’em that ‘hawk tuah’ and spit on that thang,”

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

More seriously, has anyone tried spitting on it?

“You gotta give ’em that ‘hawk tuah’ and spit on that thang,”

it's not me who has to suck that spit-on thing afterwards... so I say go for it

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

buddy has awakened 62k

when you think about it 75k and new ath for btc looks  👀  like we can do it by July 31st easy peasy.

Don't jinx us.

 

ChartBuddy wanting to post $63K… Back to up only?

who the fuck really knows if we take off in July?

But I would love to see us over 75k soon.🔜

Wouldn't we all.

JUST IN: 🇯🇵 $103 billion Sony to launch #Bitcoin and crypto exchange.

https://x.com/BitcoinMagazine/status/1807720381597241418

Sony Group acquires Amber Japan, officially steps into crypto exchange arena
Sony's new venture follows Amber Group's acquisition of Japanese crypto exchange DeCurret.
Here: https://cryptobriefing.com/sony-crypto-exchange-acquisition/

*) Sony Group has officially entered the crypto exchange market by acquiring Amber Japan.

*) Amber Japan was involved in a speculated debt-to-equity deal following the FTX collapse.

Sony Group, a Japanese conglomerate known for games, music, and cameras, has officially entered the crypto exchange market with the acquisition of Amber Japan, according to crypto reporter Wu Blockchain. Amber Japan, previously known as DeCurret, is the Japanese subsidiary of the global Amber Group, providing regulated digital asset trading services.

Lots of "crypto" talk in that post.  I'm wondering if that relates to bitcoin.. since you (As-Soon-As) did not even use the word bitcoin in your post.

- The Biden administration has been doing everything within its power to slow down the adoption of Bitcoin. Trump won't stand in its way and after yesterday's debate it is clear Biden will not fulfill another term.

Don't count on that. Trump recently said to make sure that Bitcoin Mining "stays in the US". I wonder how he could accomplish this, but i think the "strategy" willl be another stupid idea, and if the "master plan" proves to be impossible to carry out, he will put up some shit "facts" about Bitcoin and tell us it would be banned.
Biden IS sleepy, but Trump is only a few years younger and losing his focus in speeches and interviews, more and more, at a fast pace.
If you ask me, none of the both should run any country.

One of the biggest problems I see is that Trump is the best friend of the banking industry. He is a guy who built his empire purely based on loans. For as long as banks are telling him to slow down bitcoin or at least not actively support it, he won't. If you look into Trump's vita, there is a ton of connections with banks all over the world. The Deutsche Bank loaned him $2 billion over the course of two decades and they did not dump him when it came out that he inflated his net worth applying overvaluation to his real estate. He is a slave of the banks and his former presidency (and potential future presidency) allowed/will allow him to repay the favor. It's a powerful and entangled mutual relationship. Bitcoin is not on his agenda. Banks are. And should banks say that they loaded their bags and he can now push bitcoin, then he would.

Trump is a walking bag of contradictions, so I have difficulties imagining him being for anything but Trump, and the extent to which he is enslaved by banks becomes less clear if he were to be in the presidency and otherwise engaging in ongoing distracting self-serving behaviors that change with the blow of the winds and what he perceives that he can get away with... including that Xhomer also described the situation well in terms of who is taking advantage of whom.

Charts are looking slightly on the UPpity side, but I hear about US/Germany preparing to sell...

Been there, done that. Another small delay (and more bad actors removed) before the real UPpity commences.

Stay strong, be patient (LOL)!

Take their ant-sized dumps with a grain of salt.

They are trying to make it seem as if they have a lot of coins.. which surely they remain scared and want the coins of whoever is dumb enough to sell some to them.

I don’t like seeing the market going down but this mtgox thing has been what everyone has been saying would drop the market for years. It isn’t crazy to think we’ll drop a little here. Still, I don’t like seeing the price go down. Maybe the devs can do something? Just kidding. More seriously, has anyone tried spitting on it?

everyone = OgNasty

FTFY

[LFC_Bitcoin]

How many times can we survive this re-testing of $60,000. As OgNasty said, can devs do something
Seriously I’m getting impatient, man. Price has been doing nothing for months and now seems like it wants to break down.

I’ll never understand the market psychology with some Bitcoin holders. You have to have a 65 IQ to be selling at this point in an epoch.

Usually when I start to get impatient and pissed off, it means a bottom is near. Bears are getting too complacent, hopefully they get REKT soon and we get a God Candle, it’s been far too long since the market was bullish. This thread is a graveyard, everybody going through the motions, the price has sucked the joy out of everybody, including me.

Come on Bitcoin, do something…….

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Zeunerts]

How many times can we survive this re-testing of $60,000. As OgNasty said, can devs do something
Seriously I’m getting impatient, man. Price has been doing nothing for months and now seems like it wants to break down.

I’ll never understand the market psychology with some Bitcoin holders. You have to have a 65 IQ to be selling at this point in an epoch.

Usually when I start to get impatient and pissed off, it means a bottom is near. Bears are getting too complacent, hopefully they get REKT soon and we get a God Candle, it’s been far too long since the market was bullish. This thread is a graveyard, everybody going through the motions, the price has sucked the joy out of everybody, including me.

Come on Bitcoin, do something…….

I feel you. But I think we are going to have a boring summer. Sideways.
It’s hard. But time goes fast. And sooner than later bears are getting rekt, big time.

We just have to spend time doing other stuff until then.

[Gachapin]

Either this is close to the bottom or this is bears' preparation for their last big attack before the cycle top.

gox coins are coming in (probably) July. The lower bears can get it before that, the deeper the gox dip can go if there is any.. I think max pain would be under 40k, even if it's just for a moment.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Meh, Just enjoy the summer and wait for Gox , Us and Germany's coins to get absorbed.

I haven't played golf since I broke my back and Pelvis so I think that's what I'll start doing again this summer.

[goldkingcoiner]

I for one would like to thank Germany and Mt. Gox for giving us this sale. Not exactly a fire sale, (as it would have been during Bitcoin's early low market cap days) but it is a decent buy-Bitcoin-get-18%-off deal nonetheless, since the price would have been over 70K without their 'help'.

I am thinking we should write them thank you letters.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I for one would like to thank Germany and Mt. Gox for giving us this sale. Not exactly a fire sale, (as it would have been during Bitcoin's early low market cap days) but it is a decent buy-Bitcoin-get-18%-off deal nonetheless, since the price would have been over 70K without their 'help'.

I am thinking we should write them thank you letters.

Yeah I got some cheap corn today 59k

[OgNasty]

I don’t like seeing the market going down but this mtgox thing has been what everyone has been saying would drop the market for years. It isn’t crazy to think we’ll drop a little here. Still, I don’t like seeing the price go down. Maybe the devs can do something? Just kidding. More seriously, has anyone tried spitting on it?

everyone = OgNasty

FTFY

Nah, I can’t take credit for stating the obvious. For years people have been watching that BTC. Blackrock has built a multi-billion dollar short position. The market has dropped $13K, which is a massive slash off the market cap just on the news. I actually don’t think there has ever been a period in history where Bitcoin has had such a large total market short position. While this is bearish short term, long term those shorts will have to be covered eventually. That means future demand. Make no mistake about it though, the big boys have bet billions on the mtgox distribution and so far they’re rolling in profits.

[Biodom]

I don’t like seeing the market going down but this mtgox thing has been what everyone has been saying would drop the market for years. It isn’t crazy to think we’ll drop a little here. Still, I don’t like seeing the price go down. Maybe the devs can do something? Just kidding. More seriously, has anyone tried spitting on it?

everyone = OgNasty

FTFY

Nah, I can’t take credit for stating the obvious. For years people have been watching that BTC. Blackrock has built a multi-billion dollar short position. The market has dropped $13K, which is a massive slash off the market cap just on the news. I actually don’t think there has ever been a period in history where Bitcoin has had such a large total market short position. While this is bearish short term, long term those shorts will have to be covered eventually. That means future demand. Make no mistake about it though, the big boys have bet billions on the mtgox distribution and so far they’re rolling in profits.

Where is a proof of that?...pure hearsay..based on some crypto twitter noise?
The company cannot short it's own ETF-it is called self-dealing and is, ostensibly, illegal. Some associated funds can, of course.

[OgNasty]

I don’t like seeing the market going down but this mtgox thing has been what everyone has been saying would drop the market for years. It isn’t crazy to think we’ll drop a little here. Still, I don’t like seeing the price go down. Maybe the devs can do something? Just kidding. More seriously, has anyone tried spitting on it?

everyone = OgNasty

FTFY

Nah, I can’t take credit for stating the obvious. For years people have been watching that BTC. Blackrock has built a multi-billion dollar short position. The market has dropped $13K, which is a massive slash off the market cap just on the news. I actually don’t think there has ever been a period in history where Bitcoin has had such a large total market short position. While this is bearish short term, long term those shorts will have to be covered eventually. That means future demand. Make no mistake about it though, the big boys have bet billions on the mtgox distribution and so far they’re rolling in profits.

Where is a proof of that?...pure hearsay..based on some crypto twitter noise?
The company cannot short it's own ETF-it is called self-dealing and is, ostensibly, illegal. Some associated funds can, of course.

I haven’t researched “the proof” but since it is constantly mentioned in different articles and all other ETFs have experienced drawdowns except for Blackrock’s, I think people have at the very least been connecting the dots. If you want me to cite some filing of their holdings though, I would have to leave that to someone else who is more familiar with disclosure rules.

Edit: A quick read about their own ETF shows Blackrock can effectively short any investor purchases of their fund for 48 hours on a rolling basis due to their settlement agreement with Coinbase. While this isn’t billions, it shows just one way they can easily short the market using their own ETF.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

I don’t like seeing the market going down but this mtgox thing has been what everyone has been saying would drop the market for years. It isn’t crazy to think we’ll drop a little here. Still, I don’t like seeing the price go down. Maybe the devs can do something? Just kidding. More seriously, has anyone tried spitting on it?

everyone = OgNasty

FTFY

Nah, I can’t take credit for stating the obvious. For years people have been watching that BTC. Blackrock has built a multi-billion dollar short position. The market has dropped $13K, which is a massive slash off the market cap just on the news. I actually don’t think there has ever been a period in history where Bitcoin has had such a large total market short position. While this is bearish short term, long term those shorts will have to be covered eventually. That means future demand. Make no mistake about it though, the big boys have bet billions on the mtgox distribution and so far they’re rolling in profits.

Where is a proof of that?...pure hearsay..based on some crypto twitter noise?
The company cannot short it's own ETF-it is called self-dealing and is, ostensibly, illegal. Some associated funds can, of course.

<snip>Edit: A quick read about their own ETF shows Blackrock can effectively short any investor purchases of their fund for 48 hours on a rolling basis due to their settlement agreement with Coinbase. While this isn’t billions, it shows just one way they can easily short the market using their own ETF.

That's not shorting in a common meaning of the term, more like market-making
..if someone buys, then someone has to sell and if there is no investor currently selling, then to smooth the market, market maker sells from their inventory or otherwise so a buyer can buy.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com