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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Trump's Truth Social has filed to cancel their spot Bitcoin ETF.  They gave some strange explanation but I suspect the real reason is lack of demand currently for Bitcoin.  Another blow to the market.  This one doesn't seem so bad though and I think it actually has to do with Morgan Stanley's Bitcoin ETF having such low fees.  I don't think people wanted to pay whatever Trump was going to charge.

Nobody wanted to pay the 'Trump Premium' fees when institutional giants are already racing to the bottom with their fee structures.

This is not a blow to Bitcoin demand; investors just prefer liquidity and low expense ratios over political branding.

Truth Social pulling out is actually good riddance, we do not need any more celebrity-backed noise in ETF space anyway. It is less about Bitcoin demand and more about basic business survival.

also they are long game.

Trump is short term in theory he is gone Jan 20 2029.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_Budha]

Too much carbs but its fine to cheat once in a while.

Typical Pakistani breakfast. Halwa, Puri (deep-fried flatbread) with Channa (Chickpeas). (Sorry wasn't able to capture image of channa)

   

How much it cost for two in US $$ equivalent?

In comparison, we went to a coffee place yesterday-got mocha, small espresso, a plain croissant and tiramisu- $30 (I am sure it would have been at least 50 euros in Switzerland, lol).

Around $1 or $1.50 could be enough for two people to have this luxury breakfast in Lahore, Pakistan.

But if someone wants lassi or tea, then this could be around $3 for two, still good enough.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Explanation
Chartbuddy thanks talkimg.com

Looks like something's wrong with ChartBuddy. Prices show with 2 decimal places instead of integer values like they did before, so now they don't fit the available space...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Looks like something's wrong with ChartBuddy. Prices show with 2 decimal places instead of integer values like they did before, so now they don't fit the available space...

means price gonna drop two decimals.. so $77,663.33 to $776.63

no biggie

[OgNasty]

A shocking number of institutions have been buying Strategy stock. I’m watching this story unfold with great curiosity. I wonder how the market will react when he makes his first BTC sale. Experience tells me Q3 will be ugly, but it’s hard to ignore the amount of money flowing into Saylor’s hands.

[ESG]

Explanation
Chartbuddy thanks talkimg.com

Looks like something's wrong with ChartBuddy. Prices show with 2 decimal places instead of integer values like they did before, so now they don't fit the available space...

they added the cents place to the API is sending with cents the value of the order book, so I believe 'RT" can leave it as it is, increase the space and or decrease the font size.

means price gonna drop two decimals.. so $77,663.33 to $776.63

no biggie

the price will fall a bit.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

maybe OT, but could be relevant...

From SpaceX IPO filing

We plan to publicly launch the Money Product, which will offer payment, banking and other financial services
functionalities, including enabling our users to purchase tangible, virtual, and digital goods from merchants and send
money to other users, among other activities.

Hmmm

Filing as a whole:
https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm

Interestingly, it would be public, but "controlled" company with Musk controlling more than 50% of the governing class of shares aka nobody can fire him from the CEO position, except himself.

Will SpaceX use bitcoin in it's "Money" product?
Hopefully.

[xhomerx10]

Looks like something's wrong with ChartBuddy. Prices show with 2 decimal places instead of integer values like they did before, so now they don't fit the available space...

means price gonna drop two decimals.. so $77,663.33 to $776.63

no biggie

 Still more than I paid for one the first time I used a Bitcoin ATM.   They opened one in Bucharest I just kept feeding the lei notes in until I had a whole coin.
Funny story, it didn't work at first - the screen wouldn't take any input and the guy had to open it up and reboot it.  When it powered up again, I saw it was using Windows CE and I got a little worried.  Then I had to create an account using photo ID in order to purchase any bitcoin... I was so determined to buy a bitcoin from an ATM, I just said screw it and did whatever it asked - KYC and all.  It was an exciting feeling being part of that early history and I got my wife to film the whole process.  I think it was a RoboCoin ATM and it had its own little storefront with an operator sitting with it at all times.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

A shocking number of institutions have been buying Strategy stock. I’m watching this story unfold with great curiosity. I wonder how the market will react when he makes his first BTC sale. Experience tells me Q3 will be ugly, but it’s hard to ignore the amount of money flowing into Saylor’s hands.

Doesn't matter how much you dis the guy, I think your just jelly.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Explanation
Chartbuddy thanks talkimg.com

Looks like something's wrong with ChartBuddy. Prices show with 2 decimal places instead of integer values like they did before, so now they don't fit the available space...

they added the cents place to the API is sending with cents the value of the order book, so I believe 'RT" can leave it as it is, increase the space and or decrease the font size.

[...]

Or drop the "Bid:" and "Ask:" entirely (they're obvious), or (even better) do this:

Code:

Bid: floor(Bid)   |   ATH: floor(ATH)   |   Ask: floor(Ask)

I think integers make more sense in ChartBuddy-type data reporting.

No sane person wants to know the numbers after the decimal point, unless price drops to vapourminer levels.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com