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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Tungbulu]

It's annoying to look at substantial buys that trigger a ton of sells as soon as barely touching $112k right now.
A bit more momentum and shorts would be eaten up in a short while.

Eh it's just the weak hands shaking out at 111k.
HODL.

Question is..why there are those "weak hands" at a seemingly irrelevant value of 111K? A rhetorical question.
My "proposed" local top of, hopefully 216K, might occur if and when MSTR joins SP500, which could be in September.
Interestingly, there was a local top (the first in the double hump in 2021) when Coinbase IPOed.
Some people started talking about $444-475K (or 0.444-475M   ), but for now this seem a bit excessively optimistic.

Well we went under 109 k from jan 20 until a day or two ago.
111k is clear better than 109k

and they got in at 74k on the correction a month or so ago they are now up exactly 50%
1.5 x 74 =111  so my guess is they are simply taking profits from the dip buy.

if they grabbed 10 coins at 74k they paid 740k if they cash 8 of them they get 888k  and not have 2 free BTC plus a few worthless dollars after taxes.
Say 30k cash after tax and 2 coins.

They can now wait for a dip to get more.
Or hodl the 2 "free" coins and wait for price to go way up say 250 a coin.
It is hard to turn down sure winning moves if they arise.

Not a winning move, imho, as it is very short-sighted.
EDIT the scenario Nick is proposing in a clip below (a supply squeeze and a spike) is actually quite possible:
https://www.youtube.com/watch?v=0A58iIfsyBE

but it is not certain.
what I described is a certain win

with all taxes paid
30k cash
2 btc
for letting the 740k purchase made a month ago ride for 30-40 days.

so in addition to the profits above
you also have you complete investment starter money of 740k sitting where ever.
Many players make this type of move 1 or 2 times a year if they can.

It is safer and is a certain win
They can do whatever they want with the 30 cash and the 740k cash principal.

You are likely correct that a lot of folks trade bitcoin in the manner that you are saying, and many of them are similar to you in terms of hardly having any bitcoin, so they end up being long term losers because they end up selling way too much too soon with their ideas of locking in dollar profits.

Remember just over 10 years bitcoin has returned around 444x in profits from $250 to $111k.  Very difficult to even come close to matching that with piddly trades and the piddly trades do not end up getting the compounding profits.. doubling upon doubling upon doubling..

You pointing out the importance of hodling bitcoin for the long term as well as the power of compounding in Bitcoin investments. Yeah, a lot of investors believes the best strategy to bitcoin investment is locking in some dollar profits and this is mostly the trader's mindset, and they often fail to realize that when they constantly do this, they may actually end up missing out on potential returns that usually comes from Hodling on to their Bitcoin over a long period of time.

Bitcoin's historical price growth can be seen as a testament to just how much potentials for massive returns Bitcoin has when hodled for the long term. Just like you stated, with returns of over 444x over just a decade, it's living proof that Hodling through the volatile market, the storms and the usual ups and downs can actually turn out to be incredibly profitable, more profitable than constantly selling off your bitcoin when there's a little short term price pump in the market.

[Ambatman]

Haven't used them anyways, but Fuck you Bitstamp....

Well We losing the war to privacy. Decentralization is becoming a wishful dream.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Phil_S]

Finally got to see exactly $111111 USD at Bitstamp. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ivomm]

Haven't used them anyways, but Fuck you Bitstamp....

We’re proud to announce that Bitstamp Europe S.A. received a Crypto Asset Service Provider (CASP) license approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation.

......

As part of MiCA framework, the Travel Rule is now in effect. Starting today, you’ll notice the following changes when depositing and withdrawing on the Bitstamp web platform, mobile app, or via API:

For all crypto transfers: You must provide counterparty information and determine whether the address is self-custody or hosted by an exchange.

For all crypto transfers over €1,000 to self-custody wallets you own: A one-time ownership verification is required to confirm that you control the address.

For all crypto transfers over €1,000 to and from third party-owned self-custody wallets: These will be unsupported while we work on a secure solution for verifying third-party ownership.

This happened months ago on Coinbase. For self custody they had 2 options - signing a transaction or sending dust to verify the transaction. Both didn't work! For the second opition I received a message to send more dust to confirm the dust. I tried everything including their stupid AI chat but I wasn't able to withdraw big sums and was forced to make multiple 1000€ withdrawals. So for now I rely only on Kraken.

[Zeunerts]

Looks like ramen's back on the menu.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Lets talk tariffs moonboys 

[bitcoinPsycho]

[LoyceV]

Lets talk tariffs moonboys 

It looks like a new buying opportunity is being created. Not only for Bitcoin, also for the stock market.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Lets talk tariffs moonboys 

It looks like a new buying opportunity is being created. Not only for Bitcoin, also for the stock market.

The great opportunity was only a few weeks ago brother….

108-111 is like just the same…

[psycodad]

You can say what you want about Donnie, but rollercoaster prez really keeps making things interesting before they even start to get boring.

Years ago, when I saw price dropping like a stone I wondered "what just happened?".
Nowadays when I see the red arrows hunting south I catch myself thinking "what did he do now?"

[Gachapin]

Haven't used them anyways, but Fuck you Bitstamp....

We’re proud to announce that Bitstamp Europe S.A. received a Crypto Asset Service Provider (CASP) license approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation.

......

As part of MiCA framework, the Travel Rule is now in effect. Starting today, you’ll notice the following changes when depositing and withdrawing on the Bitstamp web platform, mobile app, or via API:

For all crypto transfers: You must provide counterparty information and determine whether the address is self-custody or hosted by an exchange.

For all crypto transfers over €1,000 to self-custody wallets you own: A one-time ownership verification is required to confirm that you control the address.

For all crypto transfers over €1,000 to and from third party-owned self-custody wallets: These will be unsupported while we work on a secure solution for verifying third-party ownership.

And Happy ATH everyone!!!!!!!!!!!!

Create a new wallet make a screenshot send to Bitstamp, thats it move on.

Drama for a non-issue.

If you think this is a non-issue I don't think you are seeing the whole picture, and where these regulations are going.
This is just the beginning of a road to total loss of privacy and censorship ...
Don't be fooled by their first clumsy steps.

I don't doubt that they will also go for mining companies and pools and pressure them with lawsuits to comply and censor transactions...

[JimboToronto]

Finally got to see exactly $111111 USD at Bitstamp.  

 
https://x.com/walkeramerica/status/1925577113639268527
  

What does 111251 have to do with exactly $111111? You seem to have missed the point.

And why are you posting Twittard garbage?

[LoyceV]

Lets talk tariffs moonboys 

It looks like a new buying opportunity is being created. Not only for Bitcoin, also for the stock market.

The great opportunity was only a few weeks ago brother….
108-111 is like just the same…

That's the amazing part: 50% tariffs, and just a 2% drop on the stock market and Bitcoin. That means all this madness is priced in by now, and better: losing it's power over the market.