Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1007. (Read 26711240 times)

legendary
Activity: 3388
Merit: 3514
born once atheist

Well, i'm not in the machining industry, but i was trained to work with industry grade machinery like lathes and milling machines when i visited a tech school (comparable to College in terms of USA). In the meantime more than 30 years passed by, but i kept all the basics.

I manufactured hand made finger rings made of exotic hardwood and imo the best way to get ring blanks out of dense wood for wood turning was a CNC milling machine. It's a converted engraving machine, suitable for llimited space and equipped with powerful step motors. It would work with metals too, but the cooling using fluid would be too messy. I restricted myself to mostly automatic work, because i developed neurodermitis at the fingertips because of exposition to the fine dusts and tons of hours of wet sanding. Maybe i make 2-3 rings a year for giving away as presents. Sanding with Nitril gloves is an option, but they tend to tear and the tiniest of a wrinkle makes it hard to "feel" what is going on, and they're too sticky as well.



I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.

his is my physical bitcoin:

https://bitcointalksearch.org/topic/my-physical-bitcoin-in-aluminum-manufactured-in-a-cnc-machining-center-5474660

Nice job, fellow CNC machinist. That's awesome!
I did something similar here for the 10th Anniversary Art Contest in 2019. Unfortunately, the images have all since been nuked for reasons.
https://bitcointalksearch.org/topic/m.53005794

Here's a one I did, polished recently, in a similar vein.
Machined on a Mazak VMC 50/80, programmed on Mastercam software.
Material is 4" diameter tool steel. Engraved with .125" carbide ball endmill.

https://bitcointalksearch.org/topic/m.63432908

(There's other various CNC crap I've done over the years... posted and lost, somewhere in the bowels of this here famous 10 billion page thread.)



Hey Buddy!  WTF?


legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
Isn't it $40b? It shouldn't take that long I don't think, maybe another month or two? Especially if the selling continues to increase.

Can someone remind me how much Bitcoin GBTC had to begin with, how much they've sold already? Want to calculate what the timeframe is looking like.

Ironically without GBTC outflows, there basically are no outflows, even if lower inflows at present, which speaks volumes...

The sooner that GBTC is flushed out the market the better.

At the time of approval of the spot ETFs, Grayscale had just over 600 000 BTC, and according to the data I am looking at today, it has about 368 000 BTC - which means that their bag is still quite full. It seems that a few more months will pass until they sell everything they have planned.


Source
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
we might need to retest 50k one last time before (hopefully) never coming back

Over the years…. Tested that enough

We have to test 100k and beyond…

That’s the true testing phase
The not joining cheap anymore, the they have had enough chances and now it’s for those who understand/believe
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Waiting on GrayScale to run out of Bitcoin....

hero member
Activity: 938
Merit: 1891
bitcoin retard
we might need to retest 50k one last time before (hopefully) never coming back
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
sr. member
Activity: 448
Merit: 691
In ₿ we trust
it is now accomplished!
Michael Saylor now holds more than 1% of the total supply of BTCitcoin Cool
another 9245 BTC were bought today - making a total of 214246 BTC
https://twitter.com/saylor/status/1770061111146033385

It reached a really expressive number. Saylor is our bitcoiner hero.
sr. member
Activity: 448
Merit: 691
In ₿ we trust

Well, i'm not in the machining industry, but i was trained to work with industry grade machinery like lathes and milling machines when i visited a tech school (comparable to College in terms of USA). In the meantime more than 30 years passed by, but i kept all the basics.

I manufactured hand made finger rings made of exotic hardwood and imo the best way to get ring blanks out of dense wood for wood turning was a CNC milling machine. It's a converted engraving machine, suitable for llimited space and equipped with powerful step motors. It would work with metals too, but the cooling using fluid would be too messy. I restricted myself to mostly automatic work, because i developed neurodermitis at the fingertips because of exposition to the fine dusts and tons of hours of wet sanding. Maybe i make 2-3 rings a year for giving away as presents. Sanding with Nitril gloves is an option, but they tend to tear and the tiniest of a wrinkle makes it hard to "feel" what is going on, and they're too sticky as well.



I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.

his is my physical bitcoin:

https://bitcointalksearch.org/topic/my-physical-bitcoin-in-aluminum-manufactured-in-a-cnc-machining-center-5474660
hero member
Activity: 2604
Merit: 961
fly or die
Saylor, Black Crock, Grayscale, ETFs, NFTs, Eth, Solana, Binance with its own coin, coin burning, stable coins, Dog wiv hat, staking, shite this, shite that.

Countless distractions....

 Roll Eyes

EFTs may give some people peace of mind but so far every time we have seen "not your keys but we will keep you coin and promise to be good" end in complete disaster, I'm not sure I would recommend them.

Since the ETFs are backed by large, rich companies, shouldn't they be able to guarantee the funds anyway ?

I'm not invested personally but just wondering.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Saylor, Black Crock, Grayscale, ETFs, NFTs, Eth, Solana, Binance with its own coin, coin burning, stable coins, Dog wiv hat, staking, shite this, shite that.

Countless distractions....

 Roll Eyes

EFTs may give some people peace of mind but so far every time we have seen "not your keys but we will keep you coin and promise to be good" end in complete disaster, I'm not sure I would recommend them.
legendary
Activity: 3402
Merit: 9199
icarus-cards.eu
it is now accomplished!
Michael Saylor now holds more than 1% of the total supply of BTCitcoin Cool
another 9245 BTC were bought today - making a total of 214246 BTC
https://twitter.com/saylor/status/1770061111146033385
legendary
Activity: 1722
Merit: 2213
Barry fcking Shillbert continues selling thousands of coins every day.

$20 billion+  Bitcoin bag ready to be dumped.

Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.

Isn't it $40b? It shouldn't take that long I don't think, maybe another month or two? Especially if the selling continues to increase.

Can someone remind me how much Bitcoin GBTC had to begin with, how much they've sold already? Want to calculate what the timeframe is looking like.

Ironically without GBTC outflows, there basically are no outflows, even if lower inflows at present, which speaks volumes...

The sooner that GBTC is flushed out the market the better.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Barry fcking Shillbert continues selling thousands of coins every day.

$20 billion+  Bitcoin bag ready to be dumped.

Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.



Don’t stay in to long… you might miss some looming ATH’s
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Good to see I guess
ETF’s not changing narratives
Dips will still be there
legendary
Activity: 3620
Merit: 4813
Barry fcking Shillbert continues selling thousands of coins every day.

$20 billion+  Bitcoin bag ready to be dumped.

Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.

legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Saylor’s $500,000,000 offering closes today. We should see another smash buy sometime in the next couple of days that sends BTC to another peak. That would probably make a good short term selling opportunity for traders, but the big boom is still ahead of us. I think by Halloween we should be sitting above $100,000, but I wouldn’t be surprised if we revisited $50K first.

I know that Saylor has been a good advocate for Bitcoin in recent years. But is he really better than Rojer Ver, and others  like him? Of course, he is way too smart to fall into the trap of creating his own shitcoin and losing money trying to pump it. Instead, he is riding on the wave of Bitcoin by creating some kind of a ponzi. Below are some tweets from a long thread, describing in detail what is going on.

Michael Saylor is pumping Bitcoin on the media every single day & selling convertible notes to buy more $BTC. So why is he then selling 5000 shares of his $MSTR stock everyday for a cumulative $195m of stock sold YTD?
[...]
https://twitter.com/BenBrey/status/1769737363280822381


The guy you are quoting is an idiot. Saylor is selling MSTR options that he got 10 years ago that will otherwise expire. 5000 shares per day in Q1. Saylor has been fully transparent about this in their Q4 financial results. He buys bitcoin privately with the proceeds.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
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