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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitHodlers]

HAHa, wait till they get sued for the bolded!

Oh, nice catch.

They just admitted that shiny morons are talking into their computer mic and telling AI what they want to happen and then just believing that is good code.

In reality, if they have the right models and they're tuned correctly, it probably will be fabulous code.  Well, MOST of it.

Lol.

But there is an uncrossable chasm of difference between "we can now code and test and vet the code with less programmers."  and "non-technical people are already shipping code."

Jeebus Crust.

AI is a joke, ask it to do something that is impossible and then when it rejects it push it that it is imagining things and that is is possible. Then watch it invent something to satisfy your query. Completely unreliable and dangerous for code that deals with finances or other important things..

[philipma1957]

HAHa, wait till they get sued for the bolded!

Oh, nice catch.

They just admitted that shiny morons are talking into their computer mic and telling AI what they want to happen and then just believing that is good code.

In reality, if they have the right models and they're tuned correctly, it probably will be fabulous code.  Well, MOST of it.

Lol.

But there is an uncrossable chasm of difference between "we can now code and test and vet the code with less programmers."  and "non-technical people are already shipping code."

Jeebus Crust.

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

[Biodom]

ON MSTR "earnings" call, their operational guy (Phong Le) mentioned that sometimes they could be selling bitcoin.
I am actually glad he said it, showing that it is not a "religion".
I assume, they would sell a bit on a spike or something like this (as their cash per STRC is down to 1.5 year duration due to large STRC issuance).
This did not seem to affect btc price much.

BTW, Coinbase fired 14% of the workforce due to negative market dynamics and AI.
A thought occurred: who would be buying any company products if they keep letting 10-40% workers go?
Where the buying power would come from?
Maybe bitcoin is a solution of sorts for AI based unemployment.
Buy btc now, and maybe when you are laid off, you would have a "buffer".
Hmmm.

[Biodom]

HAHa, wait till they get sued for the bolded!

Oh, nice catch.

They just admitted that shiny morons are talking into their computer mic and telling AI what they want to happen and then just believing that is good code.

In reality, if they have the right models and they're tuned correctly, it probably will be fabulous code.  Well, MOST of it.

Lol.

But there is an uncrossable chasm of difference between "we can now code and test and vet the code with less programmers."  and "non-technical people are already shipping code."

Jeebus Crust.

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

It's a question similar to: what if (insert financial company name) would get hacked?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Full disclosure.

I have a sell order for 0.1 BTC @ $83k that's waiting to be filled. Has been there for a while. This is the last in a series or sell orders I've been laddering throughout last year's bull (ATH) run.

Why? When this last sell order gets filled, I will have taken back the entire amount of fiat I've ever invested in Bitcoin over the course of 11 years. Due to Bitcoin's phenomenal price appreciation over the years, this fiat amount is not extremely large, but a good enough chunk of fiat to "live like a king for a few years", to use LFC_Bitcoin's way of putting it.

I know the above may seem (and it probably is) totally irrational, but it serves two purposes for me. One: the game becomes a total and undisputed win-win case (as if it wasn't already), which satisfies me psychologically. Two: I end up with a good chunk of fiat that I can readily start using for LHB-type activities (OK, a bit of an exaggeration here, but, let's call it "having fun").

The amount of BTC spent to achieve the above was just some leftovers sitting idle on an exchange. Cold storage wallets completely unaffected.

Feels odd, I kind of feel like a fool, but a happy fool, LOL.

To be correct must sell a little more

The amount of fiat you take out now isn’t the same worth like it was 11 years ago
11 years ago 4 burgers are 2 and a half now I guess

Yes, you're right about that.

But, no, I'm not selling anything more. Not a single sat. Selling that corn was far too traumatic to me. Been having really scary nightmares lately, of the Honey Badger getting in my bed and...doing stuff to me.

Last sell order gets filled and then back to HODL mode.

[Tauja]

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

If Saylor lost his BTC, the world would be shocked by this devastating news.

He's a great man, there's no way he'd lose his BTC.

The most important thing, he might never enjoy the fruits of his labor by in investing in bitcoin, Because he a true man who continues to Hold on to his Bitcoin holdings. On the one hand, He's very old.

[vapourminer]

HAHa, wait till they get sued for the bolded!

Oh, nice catch.

They just admitted that shiny morons are talking into their computer mic and telling AI what they want to happen and then just believing that is good code.

In reality, if they have the right models and they're tuned correctly, it probably will be fabulous code.  Well, MOST of it.

Lol.

But there is an uncrossable chasm of difference between "we can now code and test and vet the code with less programmers."  and "non-technical people are already shipping code."

Jeebus Crust.

AI is a joke, ask it to do something that is impossible and then when it rejects it push it that it is imagining things and that is is possible. Then watch it invent something to satisfy your query. Completely unreliable and dangerous for code that deals with finances or other important things..

whats morse code for DROP TABLE address_balances;

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Full disclosure.

I have a sell order for 0.1 BTC @ $83k that's waiting to be filled. Has been there for a while. This is the last in a series or sell orders I've been laddering throughout last year's bull (ATH) run.

Why? When this last sell order gets filled, I will have taken back the entire amount of fiat I've ever invested in Bitcoin over the course of 11 years. Due to Bitcoin's phenomenal price appreciation over the years, this fiat amount is not extremely large, but a good enough chunk of fiat to "live like a king for a few years", to use LFC_Bitcoin's way of putting it.

I know the above may seem (and it probably is) totally irrational, but it serves two purposes for me. One: the game becomes a total and undisputed win-win case (as if it wasn't already), which satisfies me psychologically. Two: I end up with a good chunk of fiat that I can readily start using for LHB-type activities (OK, a bit of an exaggeration here, but, let's call it "having fun").

The amount of BTC spent to achieve the above was just some leftovers sitting idle on an exchange. Cold storage wallets completely unaffected.

Feels odd, I kind of feel like a fool, but a happy fool, LOL.

To be correct must sell a little more

The amount of fiat you take out now isn’t the same worth like it was 11 years ago
11 years ago 4 burgers are 2 and a half now I guess

Yes, you're right about that.

But, no, I'm not selling anything more. Not a single sat. Selling that corn was far too traumatic to me. Been having really scary nightmares lately, of the Honey Badger getting in my bed and...doing stuff to me.

Last sell order gets filled and then back to HODL mode.

Just a comment: any time i based the trade on a 'cost basis' recovery plus some profits, it almost never worked for me: sold AAPL (ostensibly at 10X profit, "lost" further 100X), sold AMZN at 2X profit ("lost" another 100X). On the other hand, when i held a "loser" stock, sometimes i lost 100%. Holding winners, selling losers is a right strategy.
However, psychologically, I totally get it.
I nibbled at my btc, but not in the last few years, apart from small purchases.
Waiting for the time when we would be able to get yield on btc in btc reliably (if it is even possible).
Selling some covered calls on a stash you potentially want to sell anyway is even better strategy as it preserves optionality: if it is called away, then it is called away aka sold and if not, you collect premium and keep your btc.

[philipma1957]

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

If Saylor lost his BTC, the world would be shocked by this devastating news.

He's a great man, there's no way he'd lose his BTC.

The most important thing, he might never enjoy the fruits of his labor by in investing in bitcoin, Because he a true man who continues to Hold on to his Bitcoin holdings. On the one hand, He's very old.

He is 61. THE average man in USA gets to 78

I WOULD hope very old does happen to him ie 78+10=88 a better number to say very old rather then 61.

SAYLOR is 17 years under 78 which would not be very old or even old.

Old would be 75
Very old would be 88

At biodom I kind of can now sell, but 0.03 0f 0.033 each month. This would be from the mining.

And hodl the huge stack of 2.0 btc [sarcasm]

[Biodom]

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

If Saylor lost his BTC, the world would be shocked by this devastating news.

He's a great man, there's no way he'd lose his BTC.

The most important thing, he might never enjoy the fruits of his labor by in investing in bitcoin, Because he a true man who continues to Hold on to his Bitcoin holdings. On the one hand, He's very old.

He is 61. THE average man in USA gets to 78

I WOULD hope very old does happen to him ie 78+10=88 a better number to say very old rather then 61.

SAYLOR is 17 years under 78 which would not be very old or even old.

Old would be 75
Very old would be 88

61, looking maybe 67-70...lots of stress, possibly.

[Biodom]

what would happen if Saylor lost all his btc that coinable CoinBase is safe guarding?

If Saylor lost his BTC, the world would be shocked by this devastating news.

He's a great man, there's no way he'd lose his BTC.

The most important thing, he might never enjoy the fruits of his labor by in investing in bitcoin, Because he a true man who continues to Hold on to his Bitcoin holdings. On the one hand, He's very old.

He is 61. THE average man in USA gets to 78

I WOULD hope very old does happen to him ie 78+10=88 a better number to say very old rather then 61.

SAYLOR is 17 years under 78 which would not be very old or even old.

Old would be 75
Very old would be 88

At biodom I kind of can now sell, but 0.03 0f 0.033 each month. This would be from the mining.

And hodl the huge stack of 2.0 btc [sarcasm]

I never begrudge any seller, and especially miner sells.
2 btc is gigantic in comparison with btc average per ea of 8 bil humans (i think it is about 800X).
I believe that it could be $$ millions eventually.

[Olotu20]

Snip coinable snip

If Saylor lost his BTC, the world would be shocked by this devastating news.

He's a great man, there's no way he'd lose his BTC.

The most important thing, he might never enjoy the fruits of his labor by in investing in bitcoin, Because he a true man who continues to Hold on to his Bitcoin holdings. On the one hand, He's very old.

What makes Saylor old and would not enjoy the fruit of his labor, saylor is still in his sixties and is very young going by the American life expectancy level. One thing we have to know about Bitcoin investment is your level of faith which you have on Bitcoin. Your believe and faith in Bitcoin will determine how long your going to hold. Saylor is one person that, I believe has come to the realization of this facts because he was one of the persons who were against Bitcoin initially. But later came to the reality on ground and so has fully committed to Bitcoin investment on a long term basis, so saylor knows exactly what he is doing and will definitely sell his holding when it is ripe going by his standards.

[OgNasty]

ON MSTR "earnings" call, their operational guy (Phong Le) mentioned that sometimes they could be selling bitcoin.
I am actually glad he said it, showing that it is not a "religion".
I assume, they would sell a bit on a spike or something like this (as their cash per STRC is down to 1.5 year duration due to large STRC issuance).
This did not seem to affect btc price much.

They won't sell on a spike.  I don't think they will ever trade their Bitcoin in hopes of profiting that way.  More likely, they would only sell if they were forced, or saw a situation coming down the line where they would be forced to sell some.  If STRC falls far below $100 and Bitcoin falls to new lows, MSTR will have no way to raise any funds and will be exhausting their cash flow paying dividends.  Depending on how low BTC falls, MSTR shareholders might also get angry to learn a majority of the "Bitcoin per share" they think they own is actually promised to the preferred stocks.  With each new buy MSTR digs itself deeper issuing more preferred stocks and with this current price action they are raising their cost basis and dividend responsibility with each buy.  I don't know if someone out there needs to hear this, but adding more dividend responsibility at 11.5% interest to raise the cost basis of an asset for your shareholders is not as great an idea as some seem to think and is actually a last ditch effort to avoid not being able to raise any new capital.  I want to see Bitcoin be successful, but not like this.

[Biodom]

ON MSTR "earnings" call, their operational guy (Phong Le) mentioned that sometimes they could be selling bitcoin.
I am actually glad he said it, showing that it is not a "religion".
I assume, they would sell a bit on a spike or something like this (as their cash per STRC is down to 1.5 year duration due to large STRC issuance).
This did not seem to affect btc price much.

They won't sell on a spike.  I don't think they will ever trade their Bitcoin in hopes of profiting that way.  More likely, they would only sell if they were forced, or saw a situation coming down the line where they would be forced to sell some.  If STRC falls far below $100 and Bitcoin falls to new lows, MSTR will have no way to raise any funds and will be exhausting their cash flow paying dividends.  Depending on how low BTC falls, MSTR shareholders might also get angry to learn a majority of the "Bitcoin per share" they think they own is actually promised to the preferred stocks.  With each new buy MSTR digs itself deeper issuing more preferred stocks and with this current price action they are raising their cost basis and dividend responsibility with each buy.  I don't know if someone out there needs to hear this, but adding more dividend responsibility at 11.5% interest to raise the cost basis of an asset for your shareholders is not as great an idea as some seem to think and is actually a last ditch effort to avoid not being able to raise any new capital.  I want to see Bitcoin be successful, but not like this.

1. he said that divvy would be decreasing to maybe 8%, if SOFR decreases to 2%
2. he had interesting tables showing that they would approach the situation dynamically.
3. We shall see market reaction to their first btc sell.
4. I believe that they will issue STRC, then buy btc, then use some of this (or prior) btc to retire converts. If they would do it in moderation, like maybe $200-300 mil a mo, then they could retire all converts in three years, which means that they would NEVER default.
4. Of course, the whole scheme "works" only if btc average appreciation (counted maybe as 4-5 year average) exceeds STRC payout..he says..infinity in this case and if NO btc appreciation, then btc stash is exhausted in 43 years.

[Pumpsta]

ON MSTR "earnings" call, their operational guy (Phong Le) mentioned that sometimes they could be selling bitcoin.
I am actually glad he said it, showing that it is not a "religion".
I assume, they would sell a bit on a spike or something like this (as their cash per STRC is down to 1.5 year duration due to large STRC issuance).
This did not seem to affect btc price much.

Selling his BTC wasn't the shocking news, it's that BTC's price wasn't affected, I thought it'll drive people nuts thinking it's Bitover, Microver!

BTW, Coinbase fired 14% of the workforce due to negative market dynamics and AI.

Are people still buying their bullshit? Don't all corps fire workforce due to AI now? It's just a new way of firing people without needing to give any real reason - why did you fire me? - AI, y'know?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com