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

[JayJuanGee]

Bitcoin "lost' temporary correlation with stocks...some people would say that there was never a correlation, but I would suggest that sometimes there is and sometimes there isn't.
That said...stocks covered all of the weekly losses today and Dow closed at the ATH. Bitcoin had a smallish move.

One explanation would be that bitcoin correlates the most with liquidity and mr market "decided" that FED would provide less liquidity going forward because UE went down.
Obviously, the move up today in btc was much more timid than the move down (on ME "jitters") earlier in the week.
Observing...

I would say:  Snap out of it.  You are suffering an illusion.  

You might either need a bat slappening or perhaps if you just zoom out a wee bit MOAR better, then you might gain a bit of a better perspective on "what is dee cornz?"  also known as honey badger, also known as king daddy, also known as my lil fiend, also known as bitcoin.

All this time "observing" and you still seem to be struggling with what we've gots here. Hopefully, you have not failed/refused to pee pare ur lil selfie for UPpity this time, and gotten over some of that there historical (or should I say hysterical) whimpiness.

 
you asked for it..

Whatever...bitcoin has been yo-yoing around in the last 6-7 mo..not a first time, but still annoying.

I think that is called "consolidation."  Do you expect the BTC price just to go shooting up without any corrections, and surely there are some BIGGER players entering the bitcoin scene in the past year-ish, and the extent to which "they" are able to change anything, they are surely going to try.. so maybe we got a bit of a premature pump in this cycle? (the pre-halvening pump) so instead of consolidating prior to the halvening, we end up consolidating after the halvening at a higher price level than we otherwise would have had consolidated....

I am not going to proclaim to know exactly what is going on, or where we might be going, since I am kind of a 50/50 kind of guy, but really think that bitcoin is all of a sudden become correlated with the stock market?  even if we have some short periods of apparent correlation, which yeah could also relate to liquidity, we are not completely outside of having relations with traditional assets, but still bitcoin remains a new asset class that some traditional financial folks (institutions) are trying to plug into their systems, and they might have temporary success and they might even be able to push the BTC price in one direction or another for periods that are longer than some of us might expect or longer than some of us can stay solvent, but still are they going to be able to keep holding the beach ball under the water...especially when some unexpected waves might come in and throw them off balance?

Illusion? PlanB has an illusion-calls a flat line a "bull market",

He's probably correct. Do you think that we just bounce back and forth between bear and then bull and then bear all within a cycle?  The cycles still seem to exist in the land of the cornz, until they don't but I am not going to assume the disappearance of the cycle merely because the BTC price is getting pushup down and/or sideways rather than going up as many of us would prefer.

I am just bored to smithereens.

That's your problem.  All this time in dee cornz, and you haven't gotten used to these kinds of times?  I recall that you have some expenses, and so what it is not a BIG deal if you have to let go of some corn at a time that is less preferable than you would like.. .. and as long as you are not selling more than you need to, you may not even be that prejudiced by shaving off some sats prior to your intended timeline.

EDIT: did you guys read about some Canadian guy who had a round-trip going from 88K to 415 mil (  ) and back down to essentially zero using TSLA calls and puts?
A strange story...he is suing RBC for, apparently, giving him a bad advice, whatever this means.

I am going to bow out of this one.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

EDIT: did you guys read about some Canadian guy who had a round-trip going from 88K to 415 mil (  ) and back down to essentially zero using TSLA calls and puts?
A strange story...he is suing RBC for, apparently, giving him a bad advice, whatever this means.

So 400 million wasn't enough?

He decided he needed a cool billion?

[shahzadafzal]

Oh look, HBO claiming they know who Satoshi is

My guess: another CSW wannabe trying to become the next Satoshi

That’s fine, let them try to solve another unsolved mystery. After all, haven’t they tackled other enigmas like aliens, extraterrestrial life, the assassination of J.F. Kennedy, or the 9/11 conspiracy theories? Just sit back, relax, and enjoy some popcorn.

By the way, they are suggesting it could be Len Sassaman, who passed away on July 3, 2011.

This has been a topic of discussion on Bitcointalk since 2011: https://bitcointalk.org/index.php?topic=33618.0.

For those trying to prove or disprove the identity of Satoshi Nakamoto, their only source of information has to be bitcointalk.org.

There was a TV documentary about Bitcoin in Finnish TV, and both Technomage, Sirius and Vili Lehdonvirta denied being Satoshi. Also I think Satoshi is more likely 30 than 20 at the time of his inventions.

I entertain the idea that Len Sassaman with his wife is/was Satoshi, and that he was murdered by the CIA.

Len Sassaman wasn’t a mysterious anyway.
https://youtu.be/AqZNebWoqnc?si=KM5j1-Fhy-v8UnTe

Who’s Satoshi? Doesn’t matter anymore “We all are Satoshi”.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ricardo11]

El Salvador’s Bukele teaches bitcoin to Argentina’s vice-president, sparking interest in BTC and ADA-legal currencies


•El Salvador’s President Nayib Bukele met with Argentina’s Vice President Victoria Villaruel to discuss bitcoin-focused policies during an official visit.

•Argentine President Javier Milei is set to meet Cardano founder Charles Hoskinson to discuss blockchain and crypto-currencies in the region.


https://x.com/VickyVillarruel/status/1841243336763719874


Full news

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cygan]

[goldkingcoiner]

I entertain the idea that Len Sassaman with his wife is/was Satoshi, and that he was murdered by the CIA.

Len Sassaman wasn’t a mysterious anyway.
https://youtu.be/AqZNebWoqnc?si=KM5j1-Fhy-v8UnTe

Who’s Satoshi? Doesn’t matter anymore “We all are Satoshi”.

Let's hope they don't actually prove this. Otherwise in a month's time we are going to be posting: "We are all Sassaman". And that does not sound right.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy be begone

[xhomerx10]

Last night was a bust for auroras, at least, for most.  It didn't even seem like a timing issue, as the Kp index (a measure of the level of disturbance in earth's magnetic field)  didn't really move much.  That being said, the Kp index is derived from a weird mix of science and witchcraft over a 3 hour window and gives a standard quasi-logarithmic number that's valid for all latitudes which is reported after the 3 hours intervals at specific times ie 0000 hrs, 0300 hrs, 0600 hrs, 0900 hrs...1800 hrs, 2100 hrs.  Anyway, fingers crossed for the rest of the weekend and here is the Kp forecast courtesy of NOAA.

  NOAA Kp index forecast 04 Oct - 06 Oct

[edited out the scheduled times... since my reposting it.. screwed up the format... must be some kind of magic contained therein]

NB Time is universal - remember to convert for your locale.  Should be good tonight in Europe and North America.

I thought that auroras were more of a thing in the summer time in the northern hemisphere and in the winter time in the southern hemisphere.. .. although probably the southern hemisphere would be calling our wintertimes to be their summer times... if you know what I am saying?

So maybe then I might assert that I thought that auroras were more of a summertime thing..  ..

Yeah, the middle of the planet is always summer, but they don't get auroras... another weird contradiction.  Go figure.

 I should preface this explanation with the following disclaimer: I am not a pharmacist.  That being said...
 
 The auroras can occur at any time of year and generally in the north and south simultaneously though not symmetrically (not a mirror image) but they get a probability boost right around the equinoxes.  This is theorized to be due to the fact that the magnetic poles are at right angles to the flow of the solar wind 2 times per day due to the tilt of the earth's rotational axis.  The auroras also get a probability boost from increased solar activity which seems to follow an 11 year cycle as the sun's magnetic poles flip.  The middle of that cycle is the maximum activity which is about where we are now.  This solar activity results in flares of varying sizes and coronal mass ejections which alter the prevailing solar winds and cause disturbances in our magnetic field.  Larger disturbances will manifest at lower latitudes.   You have to consider the length of day as well though; shorter days means more time to potentially view auroras since they don't always occur after sunset.  Daylight sun totally ruins the view.

 Right now, in the fall (near the equinox) with near-maximum solar activity, especially considering the sun just showed us a X9.1 flare - there is a really good chance to see the aurora but the problem is the sun doesn't always flare in the best direction to shower us in plasma... sometimes that's a good thing because we really don't want another Carrington event (although it would come with the best auroras ever) because that would likely plunge us into darkness for a long time... ain't nobody got time fo' dat.


 TL;DR  auroras - any time of year - more likely during the equinox.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

EDIT: did you guys read about some Canadian guy who had a round-trip going from 88K to 415 mil (  ) and back down to essentially zero using TSLA calls and puts?
A strange story...he is suing RBC for, apparently, giving him a bad advice, whatever this means.

So 400 million wasn't enough?

He decided he needed a cool billion?

 fuckin' Canuck

[shahzadafzal]

I entertain the idea that Len Sassaman with his wife is/was Satoshi, and that he was murdered by the CIA.

Len Sassaman wasn’t a mysterious anyway.
https://youtu.be/AqZNebWoqnc?si=KM5j1-Fhy-v8UnTe

Who’s Satoshi? Doesn’t matter anymore “We all are Satoshi”.

Let's hope they don't actually prove this. Otherwise in a month's time we are going to be posting: "We are all Sassaman". And that does not sound right.

It’s not that I denied the possibility of Len being Satoshi. I simply don’t have any proof to confirm or reject the idea. My perspective is based on the long history of claims and speculations surrounding Satoshi’s identity.

As I mentioned earlier, it doesn’t really matter it’s not going to impact Bitcoin. I’ve said before that Bitcoin has grown far beyond the question of ‘Who is Satoshi?’ Even if the ‘real’ Satoshi were to come forward and attempt to stop Bitcoin, I doubt they would have the power to do so at this stage.

Bitcoin has evolved beyond that point. Bitcoin’s growth and decentralization have made it unstoppable.