Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1212. (Read 26732070 times)

Explanation
Chartbuddy thanks talkimg.com

Here we go again.

Needs one of the Harkonens to pop up at the end for a shock gif.

I don't know the tax code too well, but I doubt they would (or could) do that to companies.

Watching this video as just increase or should I say skyrocket the passion I had for bitcoin, indeed bitcoin is hope 😊

ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

About who are next to adopt Bitcoin:

Michael Saylor’s Talk at Bitcoin Atlantis 2024 in Madeira
https://www.youtube.com/watch?v=_dtCYRDL4yc

Hey Guys,  Dune Too for free:

Explanation
Chartbuddy thanks talkimg.com

I hope this won't be a precursor of taxing the 'unrealized capital gains'.

Accounting Standards Update 2023-08 might be an important contribution to the special status of this bull cycle. It has been mentioned before, but the consequences haven't struck me until now.

This update to accounting rules states that some assets (you know the C word? Well, bitcoin in particular) have to be accounted at fair value in balance sheets. "Fair value" in this context is basically market value. It used to be different: With the old rules, if you had bitcoin on your balance and you bought low, you'd still look (balance wise) as poor as when you bought it. With the new rules, you appear to be as rich (balance wise) as the bitcoin price allows.

The update will become mandatory at the end of 2024, but companies could opt in by the end of 2023. Some well known entrepreneurs opted in as early as they could. Guess one name? Michael "Lazereye" Saylor.

Why is this such a big deal? Because it allows companies to stuff btc in their balance sheets in place of cash or gold; btc that can be bought, hedl there and left to grow, selling only when necessary. In other words, the new rules could (and I'm guessing, will) turn several companies (again: think MicroStrategy) into followers of JimboToronto's way:


We still have no idea what's coming, guys. Or should I say gentlemen?

Explanation
Chartbuddy thanks talkimg.com

I've been thinking about how I designed an instrument of death (in the right hands... or left hands as long as they're also the right hands as the case may be) from a benign and beautiful design from the mind of sirazimuth and touted it as a potential WO collectible.  I know not everyone is a fan of weapons so I've decided to also turn it into a 60 second timer so you can check your pulse when we continue our journey to the moon and beyond come Monday.

https://talkimg.com/images/2024/03/03/yAsx9.gif <-- edited^*



N.B. Maximum heart rate  =  220 minus your age

Age	Maxiumum Heart Rate
20 Years	200
25 Years	195
30 Years	190
35 Years	185
40 years	180
45 Years	175
50 Years	170
55 Years	165
60 Years	160
65 Years	155
70 Years	150
JimboToronto+	Wise enough to stay calm

^*edit: resized and brightened the face - I need a new monitor.

I would have to agree there. Somewhat inaccurate (perhaps due to not accounting for derivatives?), But I doubt 100% accuracy is possible for any prediction model. The pattern is still within a margin of error which itself appears constantly proportional to the s2f model.

Explanation
Chartbuddy thanks talkimg.com

Not just any cow
Strong legs on greening pastures
Mother of all bulls









#haiku

Yeah.. maybe if we are consolidating between $58.5 and $64k, then there might be slightly greater odds to break down rather than breaking up - even though part of the problem is the ongoing shortage of coins that seem to exist for the weekly ETF buys, which don't tend to be trading vehicles .. they are more like longer term HODL vehicles that will reallocate once in a while.

But, hey, potentially similar to you, I am not exactly strongly convicted in regards to which way a break will come, because I can recognize and appreciate how frothy the last couple of weeks have seemed, which would justify a correction, but at the same time, if there is a correction, then that means someone is selling coins.. so I am not sure if there are enough of the weak hands wanting to sell right now... but still not going to be surprised either way... while at the same time, I would be surprised to hang out in this exact same range for more than a week or two if we measure from the beginning (which maybe we could measure from last Wednesday when we arrived here).


That is another one of the benefits of asymmetric information, including if we might conclude that the halvening is not priced in.. even though right now, there might be some additional force upon the BTC prices through the ETFs and with knowledge that the halvening is going to make the supply of BTC worse (harder to come by), yet the halvening is still likely not priced in because people do not exactly realize it and act upon it until after it has already happened....

and it takes a while with the suffering of fewer and fewer coins available to really affect the price, but then we already have fewer and fewer coins available because they are getting sucked up by the ETFs. and at the same time the halvening is coming and so.. ultimately, asymmetric information results in this is gentlemen.


Protip: You are premature in proclaiming the stock to flow model as dead. #justsaying


You really think so?  and if so, why stop there?  #asking for my lil selfie