Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 125. (Read 26735865 times)
January 16, 2025, 03:01:15 PM
January 16, 2025, 02:29:19 PM
I guess that doesn't have much systemic risk, but it also isn't all that appealing. Nice to have options. I'm tempted to take out a loan using Bitcoin as collateral and then just use the loan funds to buy more Bitcoin and see what happens. I looked into the idea of using it to turn around and stake the USDC to earn income, but it wouldn't really be worth the hassle or risk for the spread you'd make on $100K. Still, maybe this is the first step towards building a market where they could offer a BTC yield. I would be admittedly tempted to participate, as I made a good chunk of BTC last cycle on Gemini's Earn program before it collapsed and I luckily removed my BTC from their platform about 2 hours before they halted withdrawals.
Get the loan and buy BNB( then I thought Bitcoin had risen and would never rise again 2022, ignorance).
But it's quite similar with Using future with a small leverage.
A Lil risky to me but I guess wealth favours The bold or something like that.
January 16, 2025, 02:22:19 PM
Coinbase offering Bitcoin backed loans is a bit of a development... I'll have to study how they're going about this a little bit and see what the dangers are. I'm also unclear if this will just be a lending program to lend you USD against your BTC or if you will be able to lend your BTC and earn yield. Either way, it feels a bit concerning on the face of this development. Between MicroStrategy loading up Bitcoin with leverage and now Coinbase lending against Bitcoin, it's starting to feel like we're in the early stages of what may eventually develop into the reason the market crashes. Still, I think we have plenty of time for profits ahead first. The red flags are beginning to add up a bit though. Something to keep an eye on.
It's Bitcoin as collateral.
Quote
Coinbase now allows US customers to borrow up to $100,000 in USDC using bitcoin as collateral, the exchange announced today (Thursday). This offering is in collaboration with Morpho, a lending protocol on Coinbase's Base network.
https://www.google.com/amp/s/www.financemagnates.com/cryptocurrency/coinbase-expands-us-services-with-bitcoin-backed-loans-of-up-to-100k/amp/It's not really a New feature Binance does it but with BNB instead of BTC.
Like your Bitcoin is held by them as collateral and you giving 100K usdc which you can use to do what you please to.
It can be used to trade and when returned your Bitcoin would be given back at market value.
If you fail to recover everything then it is removed from your collateral and if you gain.
It is added after deducting interest.
I guess that doesn't have much systemic risk, but it also isn't all that appealing. Nice to have options. I'm tempted to take out a loan using Bitcoin as collateral and then just use the loan funds to buy more Bitcoin and see what happens. I looked into the idea of using it to turn around and stake the USDC to earn income, but it wouldn't really be worth the hassle or risk for the spread you'd make on $100K. Still, maybe this is the first step towards building a market where they could offer a BTC yield. I would be admittedly tempted to participate, as I made a good chunk of BTC last cycle on Gemini's Earn program before it collapsed and I luckily removed my BTC from their platform about 2 hours before they halted withdrawals.
January 16, 2025, 02:01:15 PM
January 16, 2025, 01:22:14 PM
Is bitcoin 'afraid' of a 100K number like a cat is afraid of the water?
nah...it's probably some people that hold it basically just below 100K so new pres can claim it (going above 100K on a continuous basis) as his achievement...as good a theory as any.
it looks kind of ridiculous right now with stupid x- (whatever
) popping 45% in 7d.
Therefore, if nothing 'major' happens , i expect a 15-20k rally to 115-120K by the end of the month.
nah...it's probably some people that hold it basically just below 100K so new pres can claim it (going above 100K on a continuous basis) as his achievement...as good a theory as any.
it looks kind of ridiculous right now with stupid x- (whatever
) popping 45% in 7d.Therefore, if nothing 'major' happens , i expect a 15-20k rally to 115-120K by the end of the month.
January 16, 2025, 01:01:18 PM
January 16, 2025, 12:56:21 PM
I spent a lot of time jealous and angry about Bitcoin. I knew about it and had a good amount quite early. I spent it all on dumb things so I joined the forum and enjoyed being an ass when the price was dumping. I wanted it to go down so I could buy back my stupid mistakes. I wanted everybody else to feel sad like I did. I enjoyed seeing it go down. I matured a lot and started to buy back with all I have. I will probably never even get back to a full Bitcoin but today I feel good to say I returned to 0.21 Bitcoin. It is not much to many of you but as a percentage of the total 21 million it means a small something. I want to apologise for being an ass and trying to make others sad. To the moon we go I hope.
Sometimes we can be pain in the ass but as long as we figure out our wrong doings it's fine. Welcome back and hope you're having fun with the opportunities you missed.
January 16, 2025, 12:51:08 PM
I spent a lot of time jealous and angry about Bitcoin. I knew about it and had a good amount quite early. I spent it all on dumb things so I joined the forum and enjoyed being an ass when the price was dumping. I wanted it to go down so I could buy back my stupid mistakes. I wanted everybody else to feel sad like I did. I enjoyed seeing it go down. I matured a lot and started to buy back with all I have. I will probably never even get back to a full Bitcoin but today I feel good to say I returned to 0.21 Bitcoin. It is not much to many of you but as a percentage of the total 21 million it means a small something. I want to apologise for being an ass and trying to make others sad. To the moon we go I hope.
We never stop making mistakes, but the things we learn from them is the seed of true wisdom.
In the end, we're all human
Just #hodl, bro
January 16, 2025, 12:48:10 PM
Coinbase offering Bitcoin backed loans is a bit of a development... I'll have to study how they're going about this a little bit and see what the dangers are. I'm also unclear if this will just be a lending program to lend you USD against your BTC or if you will be able to lend your BTC and earn yield. Either way, it feels a bit concerning on the face of this development. Between MicroStrategy loading up Bitcoin with leverage and now Coinbase lending against Bitcoin, it's starting to feel like we're in the early stages of what may eventually develop into the reason the market crashes. Still, I think we have plenty of time for profits ahead first. The red flags are beginning to add up a bit though. Something to keep an eye on.
It's Bitcoin as collateral.
Quote
Coinbase now allows US customers to borrow up to $100,000 in USDC using bitcoin as collateral, the exchange announced today (Thursday). This offering is in collaboration with Morpho, a lending protocol on Coinbase's Base network.
https://www.google.com/amp/s/www.financemagnates.com/cryptocurrency/coinbase-expands-us-services-with-bitcoin-backed-loans-of-up-to-100k/amp/It's not really a New feature Binance does it but with BNB instead of BTC.
Like your Bitcoin is held by them as collateral and you giving 100K usdc which you can use to do what you please to.
It can be used to trade and when returned your Bitcoin would be given back at market value.
If you fail to recover everything then it is removed from your collateral and if you gain.
It is added after deducting interest.
January 16, 2025, 12:31:16 PM
I spent a lot of time jealous and angry about Bitcoin. I knew about it and had a good amount quite early. I spent it all on dumb things so I joined the forum and enjoyed being an ass when the price was dumping. I wanted it to go down so I could buy back my stupid mistakes. I wanted everybody else to feel sad like I did. I enjoyed seeing it go down. I matured a lot and started to buy back with all I have. I will probably never even get back to a full Bitcoin but today I feel good to say I returned to 0.21 Bitcoin. It is not much to many of you but as a percentage of the total 21 million it means a small something. I want to apologise for being an ass and trying to make others sad. To the moon we go I hope.
If we all start reminiscing about the past am sure everyone here have a lot of things to spit out of our chest. To every successful investor there was once a time of huge mistakes, possible failure if not failing and starting over after learning how to do things the right way. We are not perfect so i dont expect anyone to apologies for the mistakes they made in the very beginning. I also spend my Bitcoin on fake luxurious clothing, used it to pay my tuition fees and rent.
January 16, 2025, 12:29:36 PM
https://coingape.com/donald-trump-open-having-xrp-solana-usdc-strategic-reserves/
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
With $SOL actually being a Scamcoin.
Being "open" does not mean for granted.
January 16, 2025, 12:06:44 PM
California fire suspect arrested, Juan Manuel Sierra from Mexico entered USA illegally on unknown date.
https://www.ice.gov/news/releases/statement-ice-person-interest-being-held-connection-california-fires
https://www.ice.gov/news/releases/statement-ice-person-interest-being-held-connection-california-fires
You mean it was arson by someone who would affiliate themselves with the left. No. I was just called crazy for suggesting such a thing a few days ago. There’s only one political party that tries to destroy America when they don’t get their way. Hopefully this brings change to California, which has been run by morons for decades now.
If you are referring to Democrats then AFAIK they won 2024 Presidential elections in California by a huge margin and grab 54 electoral votes (most by any state). California still has a governor from Democrats at least till 2026. So how can things change for California?
Moreover, fire in California is not an usual thing and it broke out very often in this region. This time it went out of control of local fire department that's why it got attention.
Quote
Fires are possible throughout the year in California, but the peak fire season in Northern California usually begins in June or July and runs through late October or November. However, the Southern California peak fire season starts earlier, beginning in late spring (May-June) and runs until October.
Western Fire Chiefs Association (WFCA)
Western Fire Chiefs Association (WFCA)
(I am not a resident of California nor of any other state, so I am open to all sort of correctness)
January 16, 2025, 12:02:17 PM
Coinbase offering Bitcoin backed loans is a bit of a development... I'll have to study how they're going about this a little bit and see what the dangers are. I'm also unclear if this will just be a lending program to lend you USD against your BTC or if you will be able to lend your BTC and earn yield. Either way, it feels a bit concerning on the face of this development. Between MicroStrategy loading up Bitcoin with leverage and now Coinbase lending against Bitcoin, it's starting to feel like we're in the early stages of what may eventually develop into the reason the market crashes. Still, I think we have plenty of time for profits ahead first. The red flags are beginning to add up a bit though. Something to keep an eye on.
January 16, 2025, 12:01:15 PM
January 16, 2025, 11:55:05 AM
https://coingape.com/donald-trump-open-having-xrp-solana-usdc-strategic-reserves/
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
There have been rumors circulating for weeks that Donald is meeting with CEOs of various coins, so I'm not surprised that he is considering not making BTC the only coin that could be part of the strategic reserves. Anything that can bring in profit is obviously welcome, especially if it comes from US companies that have heavily financed his campaign.
People should understand that for Donlad there is no difference between BTC and any altcoin - even better if something can be completely controlled.
Quote
In recent weeks, former President Donald Trump has met with the founders of various cryptocurrency coins, expressing a receptive stance toward their ideas. Ripple CEO Brad Garlinghouse along with CLO Stuart Alderoty met Trump at the Mar-a-Lago resort.
Well he will likely take on doge as it is musk's pet coin
January 16, 2025, 11:51:02 AM
You didn't scan back before posting that link did you?
January 16, 2025, 11:30:56 AM
JUST IN: US Senator Cynthis Lummis sent a letter to the U.S. Marshals Service asking why they plan to sell nearly 70,000 Bitcoin seized from Silk Road.
"The U.S. government cannot continue denying the value of Bitcoin...it’s costing taxpayers billions
https://x.com/BitcoinMagazine/status/1879910050766155786?t=h_IHqv4jY2i2ZyDpy2m0yw&s=19
"The U.S. government cannot continue denying the value of Bitcoin...it’s costing taxpayers billions
https://x.com/BitcoinMagazine/status/1879910050766155786?t=h_IHqv4jY2i2ZyDpy2m0yw&s=19
January 16, 2025, 11:27:05 AM
https://coingape.com/donald-trump-open-having-xrp-solana-usdc-strategic-reserves/
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
Stumbled upon this that Trump may be considering making Us based token as strategic reserve.
They can't be that stupid right? Using shitcoins.
There have been rumors circulating for weeks that Donald is meeting with CEOs of various coins, so I'm not surprised that he is considering not making BTC the only coin that could be part of the strategic reserves. Anything that can bring in profit is obviously welcome, especially if it comes from US companies that have heavily financed his campaign.
People should understand that for Donlad there is no difference between BTC and any altcoin - even better if something can be completely controlled.
Quote
In recent weeks, former President Donald Trump has met with the founders of various cryptocurrency coins, expressing a receptive stance toward their ideas. Ripple CEO Brad Garlinghouse along with CLO Stuart Alderoty met Trump at the Mar-a-Lago resort.
January 16, 2025, 11:01:15 AM
January 16, 2025, 10:56:13 AM
Watch for Jan 20th.
Bullish word: Bitcoin Strategic Reserve mentioned
Bearish Word: Ross stays in Jail.
Bullish word: Bitcoin Strategic Reserve mentioned
Bearish Word: Ross stays in Jail.
Indeed. Mentioning the strategic reserve doesn't make it more real - or easier to actually set up, with Congress able to stop it unless implemented by an executive order, which is impermanent as it can be reversed as easily as soon as the presidency expires. At the very least, it would be nice bullish talk though.
On the other hand, freeing Ross from Day 1 can be done (if there's a will), and would send a signal that can't be ignored. It would also make it clear that electoral promises are being kept, at a very low political cost.
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