Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1004. (Read 26711388 times)

I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever.

Those expecting 12k will have to settle for 120k 

I ended up getting about 0.05 btc yesterday.

Grayscale, instead of lowering its rates, prefers to lose to the competition 

I'd like to add that all these outflown BTC were from Grayscale (according to https://farside.co.uk/?p=997).

There is no doubt that Grayscale affects the price of Bitcoin, but if we take into account that since the spot ETFs were approved, they have sold about 250 000 BTC, and that as of yesterday, the total number of BTC held by all other US spot ETFs is 467 000+ BTC, that means that they all bought from another source if we also take into account that BlackRock holds roughly the amount of BTC that Grayscale has sold so far?

It is also interesting that the last significant inflow of BTC to ETFs was exactly one week ago (10 000 BTC), and that since then there have been no significant inflows, in fact, in the last 2 days, an outflow of 7300 BTC was recorded.

Seems to be IPTV-related (t3nz0 is selling this service).

Explanation
Chartbuddy thanks talkimg.com

*PLONK*

So xhomerx10 or BitcoinBunny purchased their account from you?

 

 You're are making a clear point. I don't see the need for fear or any emotional disturbance as you have said  is all about price increment rather than a decrease situation.
Halving is necessary for every price cycle, of which gives us the direction of the cycle, currently bitcoin is in correction some are persons are already impatient about there holdings, I don't know how some will understand the market when they are ruled with fear. Forgetting that the best way to stand out in the bitcoin market is being patient, avoid panic and fear and having a long run mindset rather than short term goals.

The behaviour of those who run away from the high fee is completely understandable. The funny thing is that the individual wisdom of running away from 1.5% fee leads to collective stupidity causing the current stall of the bull run. But I am not convinced that the fee is the main reason for these outflows. I've read some opinions that most of them didn't go in any other ETF company. May be the reason is that there are many people/companies that have had their funds locked up for years at a loss and are now rushing to release them at a very good profit.

A while back I quoted a long twitter thread where some pretty shady dealings of DCG/Genesis, investigated by SEC were discussed. It was funny for me that Boidom refuted them, as made up by me?!? Then what about the hundreds of pages on Internet? Are they also made up by me?  I will add just one quote from the many written on the matter:

Back in November, DCG's CEO Barry Silbert seemed optimistic that the company could weather the storm. Since then, however, things seem to have gotten worse because the company is under investigation and it has closed down its wealth management division called HQ this month. Moreover, Genesis sent home 30% of its staff this January after making a 20% employee cut in August last year.
https://www.bankfrick.li/en/news-and-insights/the-dcg-genesis-and-grayscale-saga-explained

But of course for each train there are passengers. There will be people, (later Boidom confessed he is a Greyscale investor), who will keep money in Greyscale, believing everything is fine. So, Greyscale won't go down to 0BTC, probably. The real bull run will start when they stop flooding the market with thousands each day.

BTC Since the November 2022 Bear Market Bottom...

Bitcoin has experienced the following retraces:

• -23% (February 2023) lasting 21 days

• -21% (April/May 2023) lasting 63 days

• -22% (July/September 2023) lasting 63 days

• -21% (January 2023) lasting 14 days

This current pullback is only the 5th major retrace since the 2022 Bear Market Bottom

All of the pullbacks experienced just over -20% retracement depth

Bitcoin has pulled back -16% thus far

But the retrace began only last Thursday

The current retrace has therefore barely lasted a week

In sum, there are two key takeaways about retracements in this current cycle:

• The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes

• Retraces need time to fully mature (at least 2-3 weeks, at most 2-months)
https://twitter.com/rektcapital/status/1770237669664301517

Explanation
Chartbuddy thanks talkimg.com

Never connect security cams via wireless, the thief with minimal knowledge will have $2 deauther device running in auto-attack mode in his pocket. Actually to a knowledgeable thief a wireless cam like a cam imitation serves more as an invitation than working as a repellent.

Personally I've found $30 PoE cams from China fitting my needs perfectly well, hell you even get PTZ HD cams for under $100. Ofcourse these cams need to be in an isolated subnet that is only connected to the videoserver (this applies to every other brand too, because you do not want data leaking and also you do not want to get part of a botnet attacking whatever high-profile target).

I use Zoneminder in two separate installations and it hasn't disappointed me yet and has a very open architecture that allows you to extend it in all directions. If you fit a good videocard (good, like in CUDA-capable) into the zm server you can even get it to detect (and recognize) objects and persons (i.e. no alarming if missus or kids are walking through the yard, but alerts for everything else as long as it is a person and not a stray cat).

HTH

The CEO claimed that once outflows hit $12 billion they will lower the ETF fees.
I believe they are close to/over that mark now.

Something to do with covering probable fines or whatever. You can find the details if interested.

Whatever happened here exactly, we will probably find out eventually.

Usually, someone ends up behind bars it seems.  

Explanation
Chartbuddy thanks talkimg.com

So another day of -1%, leaving them with ~58% from what they started with on 11Jan. Speculators will speculate on how low they'll go, and how fast they'll get there, but it won't be too long before they fade into history.