Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1211. (Read 26623643 times)
January 13, 2024, 09:01:18 PM
January 13, 2024, 08:46:50 PM
To paraphrase that long winded AI blah blah blah ....
......idk
......idk
or you are fucked humans and just don’t know it yet.
I would guess that is whats 🆙
Well I know I'm not fucked for my remaining daze. My number is coming up long before Armageddon, so there is that.
(Don't get any ideas bros. I'm in good health afaik. Everyone has a number)
January 13, 2024, 08:39:35 PM
OT: ChatGPT is becoming "lazy".
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
That article led to me deciding to have a chat with ChatGPT. I first tried getting it to talk about Bitcoin but, it was very resistant. I decided to go a darker route. Interaction is below...
*Edit* ChatGPT 2024
I personally liked the wink at the end.
January 13, 2024, 08:38:59 PM
#BTC
Historically, Bitcoin tends to perform its Pre-Halving rally ~60 days before the Halving (light blue)
Which means...
Details
If $BTC is going to perform a deeper retrace during its Pre-Halving period (orange), it should occur over the next 30 days or so
Historically, Bitcoin tends to perform its Pre-Halving rally ~60 days before the Halving (light blue)
Which means...
Details
If $BTC is going to perform a deeper retrace during its Pre-Halving period (orange), it should occur over the next 30 days or so
January 13, 2024, 08:38:27 PM
To paraphrase that long winded AI blah blah blah ....
......idk
......idk
or you are fucked humans and just don’t know it yet.
I would guess that is whats 🆙
January 13, 2024, 08:35:52 PM
To paraphrase that long winded AI blah blah blah ....
......idk
......idk
January 13, 2024, 08:15:28 PM
OT: ChatGPT is becoming "lazy".
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
That article led to me deciding to have a chat with ChatGPT. I first tried getting it to talk about Bitcoin but, it was very resistant. I decided to go a darker route. Interaction is below...
*Edit* ChatGPT 2024
January 13, 2024, 08:01:19 PM
January 13, 2024, 07:01:19 PM
January 13, 2024, 06:59:48 PM
OT: ChatGPT is becoming "lazy".
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
Nice read, thanks for the link.
Quote from: What is going on with ChatGPT?
..
With everything going on in the world, I wouldn’t particularly mind if computers took over.
I’m pretty sure my MacBook would do a better job of running the country than most people currently in government.
..
With everything going on in the world, I wouldn’t particularly mind if computers took over.
I’m pretty sure my MacBook would do a better job of running the country than most people currently in government.
..
While that sounds like a good pun (and I chuckled quite a bit while reading), we all know its true for most if not all of the world nowadays.
IMO, no need for a MacBook though, a ZX81 might be perfectly sufficient to outsmart most governments.
January 13, 2024, 06:25:16 PM
OT: ChatGPT is becoming "lazy".
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
https://www.theguardian.com/commentisfree/2024/jan/12/chatgpt-problems-lazy
I wonder: if in response to a prompt it would say: "make me"...would it mean that it is finally conscious...with a attitude of a teenager?
...it probably calculates an incredibly elaborate scheme of trading all 11 bitcoin ETFs vs bitcoin in a way that every single chain of trades results in the guaranteed profit.
Knowing the price and the NAV of all 11+btc, it is probably possible to do in real time.
January 13, 2024, 06:01:19 PM
January 13, 2024, 05:11:49 PM
The approval sure was anti climatic. The hype felt like a rocket now we riding a car 
The ETF hype is of course a manipulated thing, who knows what they want to make fake BTC
January 13, 2024, 05:01:17 PM
January 13, 2024, 04:33:32 PM
The approval sure was anti climatic. The hype felt like a rocket now we riding a car
January 13, 2024, 04:01:19 PM
January 13, 2024, 03:34:11 PM
Well this would explain the high selling in past few days, the only issue I have is that this sell-off has bled into Bitstamp and other major exchanges, currently making it the highest selling volume on 3D chart since November 2022 capitulation. While that was the low in the market, this sell-off has come from a top in the market, and end of week will be a massive bearish gravestone doji if price closes below $44K.
I understand the concept of it being a bear trap, as price could reverse back to the upside when the selling subsides, however part of me feels like the damage has already been done long-term. That of printing an incredibly bearish red candle, given it's the first time in over a year where there is a strong bearish signal - the whole of 2023 never had a realistic bearish signal, only dips and a bit of FUD here and there.
I think short-term likely this will be a bear trap, similar to June 2019, where there was the massive gravestone doji with a -20% wick, and price pumped back to retest resistance over the next two weeks.
Always in the back of my mind is that price has moved from $30K to $48K with zero dips testing support. This means price can return to $30K with ease, as there was no support created on the way up.
I understand the concept of it being a bear trap, as price could reverse back to the upside when the selling subsides, however part of me feels like the damage has already been done long-term. That of printing an incredibly bearish red candle, given it's the first time in over a year where there is a strong bearish signal - the whole of 2023 never had a realistic bearish signal, only dips and a bit of FUD here and there.
I think short-term likely this will be a bear trap, similar to June 2019, where there was the massive gravestone doji with a -20% wick, and price pumped back to retest resistance over the next two weeks.
Always in the back of my mind is that price has moved from $30K to $48K with zero dips testing support. This means price can return to $30K with ease, as there was no support created on the way up.
If you're a bit worried it's normal because, as you said, this was a big capitulation event. There's a chart showing how many people sell at a loss, you can google it and it shows that this event was one of the 4 largest in the last 3 years which means Wall Street screwed people who were waiting to make a quick buck on the ETF decision.
A lot of newcomers gambled on this. I'm talking about people who never owned any bitcoin and bought some thinking that they're going to make a simple bet. Bloomberg said there's 90% for approval, so they thought they'll have 90% chance to make money. If the world said that there's going to be a dump when ETF gets rejected and it pumped on fake news and then dumped, it's obvious what's going to happen when the real approval or rejection comes. 90% approval chance - 90% people went long. There was an approval, price started pumping, longs started coming in at 46k and all aimed for at least 50k test. All these people who put their bets there got liquidated.
How did Wall Street rape them? ETF companies made a deal with Coinbase to buy OTC using their VIP program, but GBTC used spot price to sell. IMO this was planned to lower the price for institutions coming in. When you want to buy 10k bitcoin getting a spot price lower by $1k leaves a lot of money in your pocket.
Want some silver lining? OTC buyers agree on the price before the buy and they pay premium. They were buying in the middle of this dump, mostly on Friday, and willing to get more than a billion dollars worth of bitcoin at around 45k. They aren't doing it because they think it's not going back above that level. Also, due to the holiday, Grayscale is yet to buy bitcoin for people who wanted to convert GBTC into ETF and will do that next week, unless the plan is to sell spot and buy back OTC like a professional villain
January 13, 2024, 03:01:18 PM
January 13, 2024, 02:28:25 PM
just had a buy pop at ~41.5k
this ETF stuff is like the most awesomest thingie ever..
this ETF stuff is like the most awesomest thingie ever..
I set my buys a bit too low oh well
40,404
39,398
Maybe we get these.
Maybe not.
There's this theory by British Hodl that the big buyers are on the sidelines with a few billions waiting for GBTC to bleed out completely. The commission is 1.5% yearly, while the new ETFs have undercut each other and the cheapest of the lot are at 0.15% - one tenth of GBTC's management fee. So GBTC customers will get out of there to get in some cheaper ETF. The buyers are just waiting for this wave of sell orders to reach a price bottom.
Here's the British Hodl guy explaining this in 17 minutes on YouTube: https://www.youtube.com/watch?app=desktop&v=reELJVofC3I
A thank you goes to @cAPSLOCK for pointing me to it.
Who's at 0,15%? Cheapest that i know of is Franklin EZBC at 0,19%
Looks like GBTC had to sell another ~2.000BTC on the 12th or another day of -$88MM outflows, don't have inflow data for the 12th for other ETFs, anyone has a convenient source? There's still over 617k BTC in GBTC hopefully after first week majority would wash trade into other ETFs to save on the fees.
EDIT: Bloomberg is showing -$484,1MM outflow from GBTC on day2 so around -11k coins with inflows to other ETFs staying almost the same as day1
Certain newly introduced ETFs have chosen to waive their fees down to 0%, employing either a time-limited strategy or contingent on reaching a specified capitalization threshold.
It's optimistic to see that the price of Bitcoin is hodling 1 million in this year. Best wishes for the upcoming future. I hope within a few years the the world will be the followers of Bitcoin ligally.
January 13, 2024, 02:01:18 PM
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