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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[darbitmobilerecovery]

This James Wynn guy is probably just a paid plant for HyperLiquid. Does anybody genuinely believe he’s actively trading with leverage in a position of that size.

Similar with MMCrypto and Binance. I don’t believe these trades are real. Probably paid by the exchange to get suckers to copy them and attract new customers.

I might be wrong but I’m more concerned and pretty annoyed that we’re at $105,000 now. I think we need to hold here or we retest $100,000 again. The price always dumps when that stupid grifter conference is being held.

I feel like every year the conference is more and more far away from the communitie than ever. I mean for example nobody from the forum which is a big part of the BTC communitie goes into it.

But well it happen in all the human things across history.


About the idiot who is putting that crazy position, i also dont believe a thing of it, a lot of noise generate by the marketing and nothing real.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Churchillvv]

This James Wynn guy is probably just a paid plant for HyperLiquid. Does anybody genuinely believe he’s actively trading with leverage in a position of that size.

Similar with MMCrypto and Binance. I don’t believe these trades are real. Probably paid by the exchange to get suckers to copy them and attract new customers.

I might be wrong but I’m more concerned and pretty annoyed that we’re at $105,000 now. I think we need to hold here or we retest $100,000 again. The price always dumps when that stupid grifter conference is being held.

Not a hype for suckers, not even a good or real trade but just a Ponzi as we know.

Thought we could make better upity this week based on the restraining of trump from tariffs by the court but it's pretty much the otherside.

The conference this year is special not to our benefit but to the guys who just came into bitcoin and pushing millions/billions in and the dump is also a special effect.... maybe a 3D effect lols

Let's get the up movement already!

[xhomerx10]

The nice fat doji with a long lower wick on the hourly (bitstamp) made me expect something better than the two following candles. Well, that's how she works. Patience...

 I saw that too and I raced here to post about it but I couldn't remember the term "doji" - it a spectacular tail

[Biodom]

Lyn Alden/Jack Mallers are next, then M.Saylor, then a closing-up by R. Ulbricht. 

[cAPSLOCK]

This guy: @jameswynnreal (Twitter)  Is a known, degen leverage trader.  And he has long positions open for, I believe, $1 to $2 billion. And these are 40X's, I think.  And I think he's going to have to cover if we drop just about a thousand dollars more from where we are right now.

Which will push the price down, probably a measurable amount.

And what they're doing is walking the price down as well as they can, which is probably actually pretty hard to do currently, and they're going to take his money off the table and then let Bitcoin do what Bitcoin does, which I expect will be to go back up.

You've lost me here. Walking the price down by longing? Or is it not jameswynnreal who's walking her down?

What I think is the degen is playing against the pros and dangled some juicy meat in front of them.  

They know this is ultimately a bull market.  But they also want his money,  So if they can liquidate him... they will.

And we are pretty close right now.

I expect we see a big dip from right about 1057xxish to... not sure how low... However low it is for him to cover... and then the bull continues.

But I am an insane man.  No one should listen to me. But I hope, at least, I can amuse.

[cAPSLOCK]

Lyn Alden/Jack Mallers are next, then M.Saylor, then a closing-up by R. Ulbricht. 

This is a pretty powerful lineup.

[cAPSLOCK]

This guy: @jameswynnreal (Twitter)  Is a known, degen leverage trader.  And he has long positions open for, I believe, $1 to $2 billion. And these are 40X's, I think.  And I think he's going to have to cover if we drop just about a thousand dollars more from where we are right now.

Which will push the price down, probably a measurable amount.

And what they're doing is walking the price down as well as they can, which is probably actually pretty hard to do currently, and they're going to take his money off the table and then let Bitcoin do what Bitcoin does, which I expect will be to go back up.

You've lost me here. Walking the price down by longing? Or is it not jameswynnreal who's walking her down?

Pretty sure he was liquidated with this drop. At least that’s what the folks on X are speculating.

I believe he was saying that the community will push the price down to liquidate him, which appears to be exactly what happened.

It is important that leveraged traders get liquidated. Otherwise they make too much money and mute big moves by taking profits.

Could be... but the position is large enough that I think the cover would be obvious.

As LFC says though...  It could all just be marketing.

[LFC_Bitcoin]

Lyn Alden/Jack Mallers are next, then M.Saylor, then a closing-up by R. Ulbricht. 

All a big nothing burger sadly.

[JimboToronto]

x
Wow amazing Gemini, mining Bitcoin with a Cybertruck at the Bitcoin. This is basically Bitcoin mining by running a Bitaxe miner powered by a Cybertruck. These initiatives by Gemini have opened a new horizon in the goal of increasing the mainstream acceptance of Bitcoin. They have combined technology and financial innovation by using electric vehicles like the Cybertruck for mining and attractive Bitcoin storage.

What's the point of using an electric automobile to power a Bitcoin miner?

You still have to plug the car in to charge it.  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

What's the point of using an electric automobile to power a Bitcoin miner?

You still have to plug the car in to charge it.  

I agree it is stupid (but still cool). I also am sure your question was rhetorical…but Tesla does occasionally sell cars with free lifetime supercharging. There are also parks/hotels that offer free charging. I can’t imagine it would be worth the effort, but if you put in enough effort long enough, I bet you could get a free Cybertruck and all the mining hardware by financing it all with the right deal. Would make one hell of a YouTube video. You’d just need to hit 1 block…

Ripoff MrBeast video. Can you live in a Cybertruck and mine Bitcoin until you hit a block?

[JimboToronto]

You’d just need to hit 1 block…

Or you could just buy a lottery ticket.   

[hisslyness]

What's the point of using an electric automobile to power a Bitcoin miner?

You still have to plug the car in to charge it.  

I agree it is stupid (but still cool). I also am sure your question was rhetorical…but Tesla does occasionally sell cars with free lifetime supercharging. There are also parks/hotels that offer free charging. I can’t imagine it would be worth the effort, but if you put in enough effort long enough, I bet you could get a free Cybertruck and all the mining hardware by financing it all with the right deal. Would make one hell of a YouTube video. You’d just need to hit 1 block…

Ripoff MrBeast video. Can you live in a Cybertruck and mine Bitcoin until you hit a block?

Be the longest YouTube video ever! Statistically speaking…

[Biodom]

J. Mallers 'wants' us to get loans against our bitcoin.
Very well...then give us the the Fidelity or Schwab rates , something like SOFR+3-3.9%=7-8% or so.
https://www.schwab.com/pledged-asset-line/rates
Can he do it...doubtful...I think his rate is close to 12% (he says 9-13%), no re-hypo, though.

$750K-2mil loan 11% with payment on maturity (12 mo), could be re-financed.
<250K-13% at maturity.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

You’d just need to hit 1 block…

Or you could just buy a lottery ticket.   

 You'd likely have better odds with a lottery ticket given that one single hash currently gives you a probability of 1 in 522,527,040,489,789,521,218,189.3 of mining a block.

[d_eddie]

J. Mallers 'wants' us to get loans against our bitcoin.
Very well...then give us the the Fidelity or Schwab rates , something like SOFR+3-3.9%=7-8% or so.
https://www.schwab.com/pledged-asset-line/rates
Can he do it...doubtful...I think his rate is close to 12% (he says 9-13%), no re-hypo, though.

$750K-2mil loan 11% with payment on maturity (12 mo), could be re-financed.
<250K-13% at maturity.

I will consider lending some coin to the right entity, given the right collateral - for less than 13%. A steal, practically. I would even accept interest paid back in dirty fiat! As long as it is in predictable installments.

Borrowing against it? Hmm. Not at 9-13% I think.

[Biodom]

J. Mallers 'wants' us to get loans against our bitcoin.
Very well...then give us the the Fidelity or Schwab rates , something like SOFR+3-3.9%=7-8% or so.
https://www.schwab.com/pledged-asset-line/rates
Can he do it...doubtful...I think his rate is close to 12% (he says 9-13%), no re-hypo, though.

$750K-2mil loan 11% with payment on maturity (12 mo), could be re-financed.
<250K-13% at maturity.

I will consider lending some coin to the right entity, given the right collateral - for less than 13%. A steal, practically. I would even accept interest paid back in dirty fiat! As long as it is in predictable installments.

Borrowing against it? Hmm. Not at 9-13% I think.

Lending out bitcoin to get interest in bitcoin is much better and neater, but i am not aware of who does it.
I think Coinbase has a unit that does it, but it is only for non-us customers.
I am afraid that Blockstream would also be for non-us.
This is, perhaps, a side affect of living in a country which has a reserve currency.