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

[philipma1957]

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Yeah I am tired moved 873 pounds and was paid 1004. Now I am sitting down to watch Tulsa King. plus sipping some Johnny Walker barrel strength. 123.1 proof

Season 3?

yeah episode 1

[OgNasty]

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Yeah I am tired moved 873 pounds and was paid 1004. Now I am sitting down to watch Tulsa King. plus sipping some Johnny Walker barrel strength. 123.1 proof

Season 3?

yeah episode 1

Love that show… Dare I say it may be Sylvester Stallone’s greatest work (at least the best since Rocky). Hopefully season 3 can keep up. I wasn’t super impressed with the first episode.

I hate to say it, but I took profits on the FBTC I was holding in my Roth IRA. It has been a hell of a ride since the ETF launch. I nearly tripled my money. I still own some MSTR in my regular brokerage account that will be sold in mid-December. Crossing my fingers for one last leg up this year before denting my stack.

[ChartBuddy]

Explanation
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[Findingnemo]

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Yeah I am tired moved 873 pounds and was paid 1004. Now I am sitting down to watch Tulsa King. plus sipping some Johnny Walker barrel strength. 123.1 proof

Season 3?

yeah episode 1

Love that show… Dare I say it may be Sylvester Stallone’s greatest work (at least the best since Rocky). Hopefully season 3 can keep up. I wasn’t super impressed with the first episode.
 

I watched season 1 and season 2 on my watchlist for a while and now this one also goes into the watchlist. I usually binge watch the entire series over the weekend and if it's a big one then I might need 2 or 3, probably. This one also comes with 10 episodes so 2 week is enough.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

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Yeah I am tired moved 873 pounds and was paid 1004. Now I am sitting down to watch Tulsa King. plus sipping some Johnny Walker barrel strength. 123.1 proof

Season 3?

yeah episode 1

Love that show… Dare I say it may be Sylvester Stallone’s greatest work (at least the best since Rocky). Hopefully season 3 can keep up. I wasn’t super impressed with the first episode.
 

I watched season 1 and season 2 on my watchlist for a while and now this one also goes into the watchlist. I usually binge watch the entire series over the weekend and if it's a big one then I might need 2 or 3, probably. This one also comes with 10 episodes so 2 week is enough.

Yeah this series reminds me of my childhood neighborhood. East New York,Ozone Park and Howard Beach.

Although Goodfellows may have had a closer picture of what it is like to live in an Italian neighborhood in the Northeast as a lot of the movie was set in East New York.

[ESG]

(

Today I was seeing some news of BlackRock having sold something from 9090BTC, and in the news it said that other players in the market sold other stocks to buy falling BTC. And that this amount sold would be 1% of the total BTC they hold, and that with this sale they bought the various shares that were sold.

I don't know how to check if this news is true.... I just know how to do more searches for similar news... that prove nothing of these talkatives

For this reason I will not leave a link here,...

But whenever I see this kind of news, I think it's time to buy some


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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[fillippone]

These dips are starting to get a little painful… Who could have seen this coming?!?

More seriously though, there are rumors going around that tomorrow will bring a surprise announcement to pump Bitcoin. Bitcoin finally being added to 401K plans (laws passed but not implemented yet) and a strategic Bitcoin reserve announcement seem to be the popular whispers.

Yeah, I'm starting to get concerned. Bitcoin is incredibly weak this year, not what I expected at all. Many of us are lucky we got in early and have managed to retire, make a great life via Bitcoin.

The current performance is doing nothing to attract newbies to the space though. Stocks and Gold making all time highs every second or third day. You can even get dividends with stocks. Bitcoin pretty much flat all year, floating around sideways/downwards.

September is the worst month for Bitcoin historically and Q4 in a bull run year (are we even in one) is supposed to be where the real gains come. Let’s hope Q4 treats us well, let’s just survive September and see where the last months of the year take us. I am not impressed though to be honest.

I share part of this concern.
Stocks and gold are at their repsective ATH, while corn is sluggish.
September is not particularly good at an historical level, but I fear a minor correction in the other markets can cause a knee-jerk reaction in out mutual orange friend.
Yet I am positive. Uptober is so close, after all.

[ChartBuddy]

Explanation
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[Biodom]

A little theory:

I think that Clarity act will be bearish for bitcoin because every bank and Mag 7 companies will start making "coins" and promoting them as "superior".
They will all be centralized trash, of course, but it will rain the confusion on the already fragile market.
That said, I am not selling.

[asUHWEceyc]

Maybe something big is brewing when one of the main casino's spot arb starts to get seriously outta wack like way back?

ELI5: How is the spot arb getting out of whack? Is someone doing something? What are they doing?

Paperization runs the risk of price discovering there are no bailouts: a covering willybot with current market dimensions could produce spectactular results

Could you elaborate on that?

No spreads are outta wack and this is merely a hypothetical scenario regarding paper games. If Mikey, "treasuries", etc exercise claims bigly (and if someone turns out to be playing), the price will go up where pockets of paper live unless they double down to compensate. Sadly, some folk are legally required to custody with scammers, so they'll eventually learn the hard way (or maybe not)? Such games would be easier if an entity knows a buyer in size cannot/will never withdraw a claim.

Also consider that if the gubmint/sec/cftc begin gynecologizing US-based exchanges, casino games they've been greenlit to run since and before "regulation through enforcement" would be in jeopardy, which would also have the effect of tamping down any back room naughtiness. Or maybe any vig would simply be paid differently or to an alternate party?

What's that you say? "Publicly traded company"..."CZ jailed"...Where's the surveillance? Is BNB really so popular?

_{*Pure speculation for entertainment purposes only}

I'd be interested in researching this a bit more as we all know how the FTX situation ended for the market.  If we're starting to see obvious cases of entities using paper Bitcoin and not being able to cover client holdings, it is time to say goodbye to the market for a couple years.

Would a repeat of the FTX scenario necessarily play out to the downside?   

[asUHWEceyc]

A glass of copium for battered diminishing returns downers/doubters/doomers: would the likes of Fink and Trump Inc. have backed up the truck for the last year plus if coin wasn't going to be institutionalized for appreciation moving forward? Timing's always still questionable, of course, but member that 

Poors gamble
Normies invest
Elites rig

[ChartBuddy]

Explanation
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[OgNasty]

I'd be interested in researching this a bit more as we all know how the FTX situation ended for the market.  If we're starting to see obvious cases of entities using paper Bitcoin and not being able to cover client holdings, it is time to say goodbye to the market for a couple years.

Would a repeat of the FTX scenario necessarily play out to the downside?   

I would think so.  If a company holding a lot of coins on behalf of users turned out not to have them, it would set off an investigation as well as bankruptcy.  Assets that were being held by the company would be frozen and users would have themselves trapped in a long legal battle in hopes to recover anything.  The market would see this as a breakdown and a lot of people speculating on the price of Bitcoin would view this as a sign to exit the market.  It's best if everything is functioning as advertised.

[ChartBuddy]

Explanation
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