Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1212. (Read 26623651 times)
January 13, 2024, 02:01:18 PM
January 13, 2024, 01:31:55 PM
Would be a shame if we had a weekend pump and introduce Wallstreet to an asset that trades 24/7 outside of their own control exchanges. Next Monday the NASDAQ and NYSE are closed, adding to the FOMO.
I feel bad for them.
Only allowed to trade on limited time windows.
This is not a problem for the hodler, it is a problem for the
January 13, 2024, 01:01:21 PM
January 13, 2024, 12:18:50 PM
I set my buys a bit too low oh well
40,404
39,398
Maybe we get these.
Maybe not.
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.
Some of the new ETFs have waived their fees down to 0% with either a temporal horizon (Come in! First year free!) or a capitalization threshold (Come in! Free until we reach x billions). The linked video details some of them.
Right, i was ignoring the 0% teaser rates. Also, it appears that i was wrong and Bloomberg showing -$484,1MM outflow from GBTC on the second day or about 11k BTC liquidated from GBTC in one day!
looks like they're still missing data from some ETF but they're putting day2 total ETF flow at $193,1MM , then there was outflows from futures ETF BITO and i'm sure from proxies and miners as well.https://twitter.com/EricBalchunas/status/1746145426229669972
January 13, 2024, 12:09:51 PM
good morning
ETF post dumpening report?
kinda... also a list of general fuckups going on around the World, recent and ongoing
most fingers are pointing towards Grayscale and peeps selling at a realised loss
some 2.3 billy apparently..
also shouldering some blame is the FTX bankruptcy 'estate' which has been selling into the news
other macro economic factors could be the elections in Taiwan that just wrapped up with the DPP winning for a 3rd consecutive time
the current VP Lai Ching-te winning with 40% of the popular vote
continued strikes by US led forces in the Red Sea against Houthi rebels
continued war in Gaza between the IDF and Hamas
continued war in Ukraine against Russia
the start of general elections kicking off at the US Iowa caucuses next week
-----------------
oof....and thats just a couple of minutes of skimming headlines
never forget that they try to control you with fear
some thoughts for considering
...you are unique
out of 100+ billion examples of our species that have EVER lived, only you are you
i find that thought somehow incredibly empowering
on that same tact....I am blown away that out of all those billions of souls... I am alive TODAY and witnessing the pinnacle of human evolution and achievement
despite all the bullshit
humbled and incredibly grateful i am
----------------
dyor
4h
D
stronghands
ETF post dumpening report?
kinda... also a list of general fuckups going on around the World, recent and ongoing
most fingers are pointing towards Grayscale and peeps selling at a realised loss
some 2.3 billy apparently..
also shouldering some blame is the FTX bankruptcy 'estate' which has been selling into the news
other macro economic factors could be the elections in Taiwan that just wrapped up with the DPP winning for a 3rd consecutive time
the current VP Lai Ching-te winning with 40% of the popular vote
continued strikes by US led forces in the Red Sea against Houthi rebels
continued war in Gaza between the IDF and Hamas
continued war in Ukraine against Russia
the start of general elections kicking off at the US Iowa caucuses next week
-----------------
oof....and thats just a couple of minutes of skimming headlines
never forget that they try to control you with fear
some thoughts for considering
...you are unique
out of 100+ billion examples of our species that have EVER lived, only you are you
i find that thought somehow incredibly empowering
on that same tact....I am blown away that out of all those billions of souls... I am alive TODAY and witnessing the pinnacle of human evolution and achievement
despite all the bullshit
humbled and incredibly grateful i am
----------------
dyor
4h
D
stronghands
January 13, 2024, 12:01:20 PM
January 13, 2024, 11:26:58 AM
buddy is closing in on 44,444
btc is allowing you a shot to buy some.
btc is allowing you a shot to buy some.
January 13, 2024, 11:01:21 AM
January 13, 2024, 10:48:52 AM
January 13, 2024, 10:32:18 AM
I noticed this very late but the Lord of the Words vs Platinum Balls aka Ranch Dude wasn't on my 2024 list, at least not outside WO.
January 13, 2024, 10:21:49 AM
First Women's Bitcoin DADA
meeting in Uganda
meeting in Uganda
Shirts are nice. I would buy one in 2x size.
Really, Bitcoin DADA Logo Best.
Very nice Color Shirts...
January 13, 2024, 10:01:20 AM
January 13, 2024, 09:51:52 AM
First Women's Bitcoin DADA
meeting in Uganda
meeting in Uganda
Shirts are nice. I would buy one in 2x size.
January 13, 2024, 09:01:16 AM
January 13, 2024, 08:34:10 AM
First Women's Bitcoin DADA
meeting in Uganda
meeting in Uganda
January 13, 2024, 08:01:16 AM
January 13, 2024, 07:31:30 AM
Is this god candle in the room with us?
It's more like a dog candle...
Most of the time new candles are very important when dog is on top. We have to wait a little longer to understand what kind of candle this actually means because if it goes above 60k then it will go higher very quickly. Now we basically have to optimize how much faster they can go up or down they depend on. At the moment many candles are behaving in such a variety of ways that it is difficult to understand the actual events.
Like a dog is important.
Source.
Mate, i just tried to keep it simple (hint: DOG is GOD in reverse)
Nonetheless, thanks for the laughs
It's important to keep up the fun when the market goes south. 
January 13, 2024, 07:27:07 AM
I set my buys a bit too low oh well
40,404
39,398
Maybe we get these.
Maybe not.
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.
Some of the new ETFs have waived their fees down to 0% with either a temporal horizon (Come in! First year free!) or a capitalization threshold (Come in! Free until we reach x billions). The linked video details some of them.
January 13, 2024, 07:22:53 AM
some proposals for a new poll:
Which BTC price will be reached first, 50k or 40k?
What is the Bitcoin price at halving date?
What is the highest Bitcoin price until halving date?
Will we have new ATH before halving?
40KWhich BTC price will be reached first, 50k or 40k?
What is the Bitcoin price at halving date?
What is the highest Bitcoin price until halving date?
Will we have new ATH before halving?
55K
No
People have already started selling the news
Is to be expected
There should be a minor recovery on sunday but overall bearish at the moment.
Bullish in the coming weeks,month and years.
Well there's no need to really panic though
Its just for the short term
Every dip i see now is an opportunity to increase my portfolio.
I dont believe we were only accumulating for ETF
The correction was long expected
The market corrects after a major pump.
In coming days weak hands would leave, while stronger hands accumulate
To be sincere once the recovery starts 60K would have been possible before the halving if not for the psychological barrier around 60K
But we accumulating for the halving.
January 13, 2024, 07:19:38 AM
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