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

[sirazimuth]

Close to a 100K and so quiet on the WO

remarkable

Well it maybe quiet in here, but at Sunny Acres I was doing the Walker Watusi yelling “100K! The bitch is bitchin baby!!”
Then grumpy fat nurse Thelma with the blue hairdo interrupted my short lived celebration. “Now Mr Siraz, enough of that nonsense! It’s nap time and you will wake the other patients.
And it’s almost lunchtime but if you keep up with that silliness, no lime jello seconds for you”
I was like “Oh ok Thelma. Gee, you sure look pretty today!
Also, I don’t like lime jello, but can I have seconds on the morphine drip please?”

[BrokenM14]

Just got a notification from coinbase, $99k milestone just reached.  Here we go, boys!

[aesma]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cryptofrka]

Was driving and my Mrs was telling me we had hit $99,000, damn, I wanted to pull over so bad

Back home and now on chart watch. This is crazy and yet I feel we are going at least x 2 from here this cycle.

Cheers guys.

I was with kids. Threw those fuckers in the playground and opened Tradingview, this chart is their future after all.

So many stops at 100k+ that we're bound to hit it soon.

[Biodom]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

Of course...no immediate taxes in IRA and NO taxes whatsoever in Roth IRA.
I regret that i did not play (just had GBTC, then transitioned to IBIT/FBTC).
That said, it is entirely possible that as btc goes to 200K, MSTR would go to about $160-180 (from this morning $550).
At least, it should be based on their NAV.
Clearly, MSTR was overheated (to a high pressure steam level).

[Richy_T]

Well it maybe quiet in here, but at Sunny Acres I was doing the Walker Watusi yelling “100K! The bitch is bitchin baby!!”
Then grumpy fat nurse Thelma with the blue hairdo interrupted my short lived celebration. “Now Mr Siraz, enough of that nonsense! It’s nap time and you will wake the other patients.
And it’s almost lunchtime but if you keep up with that silliness, no lime jello seconds for you”
I was like “Oh ok Thelma. Gee, you sure look pretty today!
Also, I don’t like lime jello, but can I have seconds on the morphine drip please?”

It's time for your medication, Mr Siraz

[philipma1957]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

Why are people doing this, ability to use their 401K or some tax reason like that ?

Of course...no immediate taxes in IRA and NO taxes whatsoever in Roth IRA.
I regret that i did not play (just had GBTC, then transitioned to IBIT/FBTC).
That said, it is entirely possible that as btc goes to 200K, MSTR would go to about $160-180 (from this morning $550).
At least, it should be based on their NAV.
Clearly, MSTR was overheated (to a high pressure steam level).

which is all in effect under current tax laws. next january trump gets sworn in . and has the ability to alter all those laws in a manner that effects shit bigly.

but for now til jan 21 no worries.


look at how brilliant trump is bye bye matt gaetz. and he will blame liberals for it happening.

once more trump is protecting woman 👩 even if they dont want his protection.

first victory is in the books for trump.

orange man clever.

[Not in Town]

Yeah, just imagine one millionth of all silver.

Well bitcoin recently flipped silver's 1.7T market cap. So 1/1000000th of it is $1.7M. Is that fuck you money now?

Maybe that's the pre-fuck you. But the comfortable fuck you doesn't start until you're up $2.5 million (how did no one link this yet?  ).

We're almost there boys, cheers.

[jojo69]

Gary is out.



Big news.

[cAPSLOCK]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

It does have the potential to dent the bullrun for a few milliseconds.

No... nevermind.  Bitcoin is doomed.  It will never go up an more than it has.  The idea of a super cycle is entirely bogus and wrong.

(I am doing my best folks I really am...)

[philipma1957]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

It does have the potential to dent the bullrun for a few milliseconds.

No... nevermind.  Bitcoin is doomed.  It will never go up an more than it has.  The idea of a super cycle is entirely bogus and wrong.

(I am doing my best folks I really am...)

sell sell sell?

not so sure about that.

how bout shave a bit off the top 🔝

[serveria.com]

Gary is out.



Big news.

Well said. 

[PremiumcryptoHub]

[Biodom]

Gary is out.



Big news.

Well, Gary only finished the job that Jay Clayton (GOP) started.
One can say that it was a mad struggle of his organization for power and NOT an individual effort to a degree, albeit I am sure that he contributed a personal touch.
Winkelevi got a short stick in the deal...again.
They were the first who applied for a bitcoin ETF under the prior administration..and it was denied in 2018 (when Gary was not even a chair yet).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Could Microstrategy end up being the Bitconnect for this cycle? I see people dumping their entire net worth into it and selling long dated call options. I worry a little bit about what will happen when we see a correction. People’s self directed retirement accounts could get wrecked. With people buying MSTR essentially paying $200K for BTC it is beginning to sound warning bells.

It does have the potential to dent the bullrun for a few milliseconds.

No... nevermind.  Bitcoin is doomed.  It will never go up an more than it has.  The idea of a super cycle is entirely bogus and wrong.

(I am doing my best folks I really am...)

sell sell sell?

not so sure about that.

how bout shave a bit off the top 🔝

I'm in it until the 4-year cycle says it's time to get out.  It is interesting see how this cycle is different though.  Knowing how much money Wall Street is bringing in I don't think the major collapse of MSTR is around the corner.  I think it could go on for a whole year and send us to $300K+.  I'm actually expecting that.  Watching the mempool so low while we rally like this is unusual though.  It indicates that on chain holders aren't really doing anything but watching while wall street and main street alike load up on the ETFs (and MSTR).

After 2 full days of trading, my IBIT call option is up 15.34%.  Not bad.

Denting the bullrun for a few milliseconds is funny.  I forgot this is the crowd that thought the mtgox distribution wasn't going to take us from $73K to $49K.

[BlackHatCoiner]

50 'toshi - "Many sats": https://suno.com/song/1039dfd0-1be7-4d06-88c2-07fa212c8534.



Tried to convert 50 cent's voice, but failed. If someone knows how to switch the original lyrics' song with this, while having the same voice and beat, the end result would be absolutely insane.

[cAPSLOCK]

I should have stacked harder damn it.  I was here in 2011!  

What the fuck is wrong with mE??

Oh right...

Nothing.

I am one of the most fortunate humans in the history of the world.

And... if you are reading this?

So are you.

[redhack]

No 100k yet but nice new ATH.

Hopefully tomorrow is THE DAY.