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

[OgNasty]

I’m seeing a lot of treasury stacking announcements today from different companies all over the world. Clearly BTC is being eaten off exchanges and OTC. The upward pressure is real and nobody knows how high we’re going over the next 110 days, but I’m fairly certain everybody knows it is going higher. I hope everyone isn’t wrong.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

[AlcoHoDL]

ATH achieved!
Jay was wrong and I was right,
But we're all winners!

Hahahahaha
Nice humor.

I like this, but I don't like it.

Let me see if I can reiterate an angle of the right wrong matter.

Right around the first week of May, someone said.. cough cough cough AlcoHoDL, that there was 99% or was it 100% chance? that BTC would break above the ATH, which was $109,356-ish.. and I said that I would take the otherside of that bet as long as I got 99% odds in terms of the amount of money (aka bitcoin) that I would be putting up. Sure, the amount on my end would hav had been small relative to the other side (somewhere in the ball park of 1/100th the size, and someone did not take the other side of such bet.. which means that such someone did not really believe the odds were 99%-ish or greater... otherwise such person would have had taken the other side of such sure bet... From the perspective of this here cat, 99% is a pretty high level of confidence.. if someone were to actually have that high of a level of confidence.. which no such person took the other side of the bet.. I proposed that I would have had taken the side of the bet in which I would put up 1/100th the amount.. which might have had been in the $10 arena (even though our terms were in bitcoin) while the other side of the bet would have had been around $1k.. and so I would have had lost $10 at the risk of potentially winning $1k.. I will take 1/100 odd bets any day, especially when the real odds were potentially somewhere in the 60% to 70% arena at the time of the proposal. .and even though at this time, the happening is at 100%, since it is now in the past and it already happened, as we all know..

I'll keep the part that you like. 🧡

Semantics are trees,
In an infinite forest.
Counting is futile!

#tl;dr:haiku

Yes, dreams do come true.
A genie in a bottle.
The keys to your coins!

Maybe some of us feel guilt about the whole path of bitcoin?  It is not like we knew, which may be the reason that some of us invested in the ballpark of 13.5% of our quasi-liquid investment portfolio instead of a higher amount.. and also maybe  a reason why some of us (such as yours truly) started shaving off extra trimmings starting at $250-ish.. and still, its amazing that the value has largely been compounding upon itself in terms of our having had around 9 doublings since $250.  (See list of the doublings, and see that the 9th doubling since $250 will be completed at $128k).  

[...]

You are not alone. I didn't know either. Do I regret hesitating? Yes! But I'm happy to be where I am. It's a positive feedback loop. Once you see the forest, you'll never care about counting trees.

Doubt. Hesitation.
Knowledge. Accumulation.
Now, feel the thunder!

#blessedhaiku

[goldkingcoiner]

I hope everyone isn’t wrong.

That pretty much sums up my investment decision-making.

[Biodom]

OT The "bug" is infectious..some other players are announcing non-bitcoin treasuries as well with silly and unjustifiable stock rises.
One company diluted itself something like 105-fold, but since yahoo still has the "old" share count (660K), the stock popped from 7 to 52, before partially reversing to currently 37.
Think about it: a 100-fold dilution...stock rises 5X (currently). Lol.
NOt naming the company-find it yourself...i am not buying.

[OgNasty]

I hope everyone isn’t wrong.

That pretty much sums up my investment decision-making.

It makes me uncomfortable being on the side of “everyone” when it comes to investing. I have made a quite successful investment career for myself by being a contrarian. In this case, I take solace in the fact that my circle of friends and acquaintances in real life own next to 0 Bitcoin still, so it is clear that Main Street doesn’t feel the same way as “everyone” in the investment community. I suspect by September that will change…

[Biodom]

I hope everyone isn’t wrong.

That pretty much sums up my investment decision-making.

In this case "everyone" are still only the most daring WS firms.
Just look at the recent MSFT shareholder voting for a minor btc inclusion...afair, something like 95% voted "No".

I am still of the opinion that the local top would be at or shortly after the MTSR SP500 inclusion, which could be in September-October timeframe.
The last peak with the most "conviction" was in April 2021 at the Coinbase IPO (the followup ATH in Nov 2021 was with much less bullish indicators, so, imho, was a secondary, inertia peak that was there just for a day or two)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Man, that’s huge 22,000 BTC? That is not a small buy at all. With how low the exchange supply is right now about 2 million + BTC left on exchanges. That’s like almost 1% of what Is left on exchanges. This could cause serious price movement, if they buy it straight from the market, things are gonna explode. Even if they try to do it quietly through OTC to avoid spillage, it will still put pressure on the supply..

According to CMC, the daily volume on exchanges is 510,000 BTC.

I wouldn't trust a thing from that shitcoin site.

[El duderino_]

I’m seeing a lot of treasury stacking announcements today from different companies all over the world. Clearly BTC is being eaten off exchanges and OTC. The upward pressure is real and nobody knows how high we’re going over the next 110 days, but I’m fairly certain everybody knows it is going higher. I hope everyone isn’t wrong.

Let the majority be rewarded

[xhomerx10]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

 I'm going to help you look.

[WatChe]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

 I'm going to help you look.

150k looks real now.

[Paashaas]

X

[xhomerx10]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

 I'm going to help you look.

150k looks real now.

 I bbqd a couple of porterhouse steaks yesterday and they were delicious so I'd like to make it a habit.  They were $25/lb and not grass-fed or Angus even so I'm going to need some help with that habit.   $150K BTC would do it   

[OgNasty]

I’m seeing a lot of treasury stacking announcements today from different companies all over the world. Clearly BTC is being eaten off exchanges and OTC. The upward pressure is real and nobody knows how high we’re going over the next 110 days, but I’m fairly certain everybody knows it is going higher. I hope everyone isn’t wrong.

Let the majority be rewarded

Is it the majority though?  That's my question.  When I look at these forums, read my news feed, or watch the media the algorithms force on me, it is clear that everyone thinks Bitcoin is going to the moon.  When I talk with strangers at a bar, my acquaintances on Facebook, or even friends in real life, it seems that none of them have any exposure to Bitcoin.  That doesn't feel like the majority to me, but that's just my own sample size. 

I think we may all be operating in a bubble and to normies outside the world of finance, Bitcoin is a scam.  Maybe that's why they're waiting for the price to start going straight up to jump in.  They want to jump in at the top and lose all their money in the bear market so they can be right that Bitcoin is a scam.  When people tell you what they want, listen.

One thing I've learned in life (sadly), there are more people who want to see you fail than want to see themselves succeed with you.

[Hueristic]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

 I'm going to help you look.

150k looks real now.

 I bbqd a couple of porterhouse steaks yesterday and they were delicious so I'd like to make it a habit.  They were $25/lb and not grass-fed or Angus even so I'm going to need some help with that habit.   $150K BTC would do it   

Mmmm,  Prime-grade.

[cAPSLOCK]

well the 110k is decent but I am looking for 125,555.55 to 133,333.33 by Friday

 I'm going to help you look.

Y'all let us know when you find it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[darbitmobilerecovery]

X

So in summary your are saying by that image "fasten your seatbelts".

Because when that runs out of BTC all the pressure is gonna push the BTC price to the sky.

Nice to be part of this airplane to the sky, maybe i dont have a bussiness seat like Michael Saylor but im feeling comfortable from my economic seat.