Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1009. (Read 26711240 times)
March 18, 2024, 09:01:21 PM
March 18, 2024, 08:49:52 PM
WTF?! Ukraine bought billions worth!
Edit: looks like they bought 46k+ BTC for a little over US$20k each in Sept 2022
March 18, 2024, 08:47:16 PM
Record GrayScale outflow on 18 March.
Something weird going on there with keeping their fees high.
Maybe they are preferring to have an Eth ETF eventually. It would suit them.
Something weird going on there with keeping their fees high.
Maybe they are preferring to have an Eth ETF eventually. It would suit them.
They’re just milking their cash cow for all they can and hoping investors leave funds parked there. I think they knew they weren’t going to win the ETF war against Blackrock and Fidelity. At some point the outflows will stop and the fees will drop, but for now the money move is for them to do nothing.
March 18, 2024, 08:25:33 PM
March 18, 2024, 08:03:24 PM
March 18, 2024, 07:50:04 PM
The sources of frustration for some bitcoiners (not me):
1. Bitcoin corrected about 10% too soon after reaching the ATH (73K).
My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.
2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity.
Let them, of course, yet this verbiage permeates the blogosphere and CT.
TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.
1. Bitcoin corrected about 10% too soon after reaching the ATH (73K).
My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.
2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity.
Let them, of course, yet this verbiage permeates the blogosphere and CT.
TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.
Yeah Solana whaled.
But I have a hotspot in my attic it burns 10 cents a day and earns 25 to 50 cents a day.
I don’t care about it at all. So After two years I looked at the wallet had. Lot of HNT and a Lot of IOT.
they use solana to move the coin much like eth moves tokens.
I said fuck looks like Solana is better than the tokens I converted 500 in tokens to 500 in solana which is now 1000 which I purchased btc when btc dropped to 67k.
So I am fine with that opportunity.
March 18, 2024, 07:41:05 PM
Record GrayScale outflow on 18 March.
Something weird going on there with keeping their fees high.
Maybe they are preferring to have an Eth ETF eventually. It would suit them.
In all seriousness; it seems that GrayScale is the actual resource for the ETFs that were created.
Most likely an inside deal with Blackrock I suspect.
Simply not to ramp up the BTC price too much too soon?
I think with Wall Street having entered the space more we are also seeing more shenanigans going on.
And the irony of course is that crooks like Jamie Dimon said that Bitcoin was mostly used by criminals.
Unbelievable!
Watch what they do, not what they say....
Something weird going on there with keeping their fees high.
Maybe they are preferring to have an Eth ETF eventually. It would suit them.
In all seriousness; it seems that GrayScale is the actual resource for the ETFs that were created.
Most likely an inside deal with Blackrock I suspect.
Simply not to ramp up the BTC price too much too soon?
I think with Wall Street having entered the space more we are also seeing more shenanigans going on.
And the irony of course is that crooks like Jamie Dimon said that Bitcoin was mostly used by criminals.
Unbelievable!
Watch what they do, not what they say....
March 18, 2024, 07:07:25 PM
Being US citizen is a fucking mess when you are REALLY wealthy and 'global' citizen. You don't choose where you are born, but the (VERY agressive) tax system has nothing to envy of the communists countries...
Gotta support that military/industrial complex.
Real patriots are happy to fork over their money.
March 18, 2024, 07:01:25 PM
March 18, 2024, 06:42:21 PM
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? This is almost a $1bn annual run rate fwiw. In September 2023 Saylor filed a 105b1 plan to regulary sell his shares. As you can see on the chart in the last thread he is selling at very regular intervals. So why is he issuing convertibles to buy more Bitcoin and simulataneously pushing up the price which then pushes up his stock price? Namely, because MSTR equity trades at an insane premium to its underlying Software business + BTC After-Tax holdings of 120%. So this implies that for MSTR to trade at NO PREMIUM to its BTC holdings at $68k price the price of BTC would need to be $157,000 - 130% higher than last price I checked this morning. This has true blue ponzi / reflexive / flywheel dynamics in that Saylor issues converts to buy Bitcoin, drives up the price of Bitcoin, which drives up his equity value, then he sells his own stock, and then does it again. Guy has down two converts for $1.4bn in the last two weeks. Tbh, he should just keep doing them as long as the market will bear it. Just be weary when the arbitrage breaks down, as it always does. Then we could see some real unwinds. Probably need to look at the options market for clues as to when the protections will unwind.
https://twitter.com/BenBrey/status/1769737363280822381
March 18, 2024, 06:01:22 PM
March 18, 2024, 05:32:03 PM
The sources of frustration for some bitcoiners (not me):
1. Bitcoin corrected about 10% too soon after reaching the ATH (73K).
My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.
2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity.
Let them, of course, yet this verbiage permeates the blogosphere and CT.
TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.
1. Bitcoin corrected about 10% too soon after reaching the ATH (73K).
My comment: this did not happen in 2020, but it surely did in 2017, when bitcoin reach ATH on 3/2 at 1280.71, then went down to 941.84 by 3/27 (26.5% down), which was roughly 20% below the prior ATH of $1160.
2. While bitcoin is "resting", some cr-p went up a lot, so masses started to muse about a "missed" opportunity.
Let them, of course, yet this verbiage permeates the blogosphere and CT.
TL;DR Such corrections almost immediately after a new ATH has happened before, but we should watch the $58,437 level (20% down) and $53,719 level (not a canonical one, but which corresponds to the March 2017 % correction shortly after achieving the new ATH). Alas, we might not even go near those numbers and, instead, turn around soon.
March 18, 2024, 05:06:51 PM
March 18, 2024, 05:03:32 PM
March 18, 2024, 04:05:40 PM
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.
March 18, 2024, 04:01:25 PM
March 18, 2024, 03:31:28 PM
spinning top last week
now waiting for weekly close
bearish or bullish?
this upsets traders
but the true hodlers don't care.
just like king daddy
#delayedHaiku
Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual
now waiting for weekly close
bearish or bullish?
this upsets traders
but the true hodlers don't care.
just like king daddy
#delayedHaiku
Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual
Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity.
Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center
March 18, 2024, 03:19:38 PM
~snip
You didn't say which jurisdiction you are in.
I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.
Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?
You didn't say which jurisdiction you are in.
I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.
Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?
While I have the option, I decided long ago not to pursue US citizenship. My biggest concern was having to register for the draft but the tax code in the US is insanely complex and one of the hoops to jump through in order to get my citizenship was to file the 10 previous years of income tax forms. In my mind, it wouldn't make sense to pursue it unless I were to take up residence there on a permanent basis and I was already comfortable here.
A friend of my sister is currently going through the process of renouncing her US citizenship and it involves an interview and a hefty processing fee. She's got a business in Canada and she's been paying US federal income tax every year - she has dual citizenship. I don't know the specifics of her case but there is a tax treaty between Canada and the US which prevents double taxation on your income so my mom never paid a dime in US taxes while she lived and worked here as a permanent resident. I guess the difference is employment vs self-employment.
Being US citizen is a fucking mess when you are REALLY wealthy and 'global' citizen. You don't choose where you are born, but the (VERY agressive) tax system has nothing to envy of the communists countries...
March 18, 2024, 03:01:21 PM
March 18, 2024, 02:20:42 PM
spinning top last week
now waiting for weekly close
bearish or bullish?
this upsets traders
but the true hodlers don't care.
just like king daddy
#delayedHaiku
Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual
now waiting for weekly close
bearish or bullish?
this upsets traders
but the true hodlers don't care.
just like king daddy
#delayedHaiku
Got tons of stuff to do, repair and service of my milling machine almost complete, new astrocamera love despite cloudy skies, kid got sick.
Business as usual
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