Is this god candle in the room with us?
It's more like a dog candle...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1342. (Read 26723999 times)
January 13, 2024, 02:49:36 AM
It's more like a dog candle...
January 13, 2024, 02:40:45 AM
.
January 13, 2024, 02:01:15 AM
January 13, 2024, 01:01:18 AM
January 13, 2024, 12:30:07 AM
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.
January 13, 2024, 12:19:59 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?
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?
If ETFs keep their pace of 0.6B net flow per day ,it will be 60B in 100 days. So may see ATH before havling.
I guess
50K ,70K ,70K ,Yes.
Still don't have full data for the 12th, but GBTC outflow was -2.000BTC and inflows into other ETFs appears to be only a small portion of what we had on the first day, which might explain the drop
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
January 13, 2024, 12:01:15 AM
January 12, 2024, 11:12:37 PM
And when you thought things couldn't get any weirder your cordless screwdriver starts acting up:
Apparently it cost too much to pay a human to check mission critical systems with a analog device now.Quote from: Vulnerabilities on Bosch Rexroth Nutrunners
Vulnerabilities on Bosch Rexroth Nutrunners May Be Abused to Stop Production Lines, Tamper with Safety-Critical Tightenings
-> https://www.nozominetworks.com/blog/vulnerabilities-on-bosch-rexroth-nutrunners*glad I'm not going to be around for this future.
Just me and the wife. We had a good amount of fun for years and still have fun now.
If it all collapses in more than 15 years I would be 82 so I caught a break. Compared to most people under 45 at this moment.
I am thinking that you are referring to the difficulties that younger people are going to have in order to have a good life, if we might presume that there might be a decent number of folks under 45 who are having troubles with the various benefits of contributing into a system such as social security and having both a pension plan and a 401k.. but still there might still be some redemption for those who at least recognize bitcoin, and the more that I write, the more that I consider some of the challenges that are already here and that are likely going to continue to burden the younger folks with the whole degradation of the current fiat system (and the current debt system).. but still bitcoin could well end up facilitate a quite a bit of the transition without necessarily needing to go through as much violence as what had to happen in earlier transitions when the state spends itself into some kind of need for a transition... With bitcoin, the optimist in me causes me to be unsure about whether war will be necessary for such transitioning.
just had a buy pop at ~41.5k
this ETF stuff is like the most awesomest thingie ever..
I set my buys a bit too low oh wellthis ETF stuff is like the most awesomest thingie ever..
40,404
39,398
Maybe we get these.
Maybe not.
Hard to say.
January 12, 2024, 11:01:16 PM
January 12, 2024, 10:36:16 PM
[edited out]
GBTC has been trading at a discount since Feb '21 (that's almost 6% in fees from the top) and was -40% just in June '23. It wasn't the inflow from tax accounts that closed that gap down to -1.9% day before approval, but a bet for an ETF. Now those that bought at the discount shall rip the benefit, fillippone had a whole thread on GBTC somewhereIn regards to fillippone's thread, you are talking about this one?
some proposals for a new poll:
[1] Which BTC price will be reached first, 50k or 40k?
[2] What is the Bitcoin price at halving date?
[3] What is the highest Bitcoin price until halving date?
[4] Will we have new ATH before halving?
[1] Which BTC price will be reached first, 50k or 40k?
[2] What is the Bitcoin price at halving date?
[3] What is the highest Bitcoin price until halving date?
[4] Will we have new ATH before halving?
1) both of those prices are within the don't wake me up zone.
2) $45k-ish, give our take $10k. I know that is boring, so my next answer would be $87.5k - give or take $7.5k, which would then surely require my answer to number 4 to be in the affirmative.
3) $87.5k give our take $7.5k
4) based on my answers to 1, 2 and 3, it is almost compelled that I answer yes to this one, but if my first answer is not correct, then my back up answer would be no.
Always do as they do, never do as they say you should do.
Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Nice numbers, but where is the sauce to consider them facts? Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"
Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).
Regarding their original statement:
There are also customers and "customers".
I was thinking that the number one shareholder in Microstrtategies would be Michael Saylor... so is there even 15% available after that?
I see that BitcoinBunny provided the source in his subsequent post.. and surely those articles seem to answer a lot of questions.
January 12, 2024, 10:01:19 PM
January 12, 2024, 09:50:56 PM
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?
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?
If ETFs keep their pace of 0.6B net flow per day ,it will be 60B in 100 days. So may see ATH before havling.
I guess
50K ,70K ,70K ,Yes.
January 12, 2024, 09:01:16 PM
January 12, 2024, 09:00:39 PM
My degenerate buy orders continue. Thought I was out of powder until next week but, I rallied the troops.
Glad I don't have a S/O to answer to. I imagine it would go something like this:
Me: "No, we can't go to that fancy restaurant you've been asking about. We don't have the money this week."
S/O: *stares silently with arms crossed*
Me: "Yes, I spent all of our left over money this week on a digital coin... no we can't spend it..."
Glad I don't have a S/O to answer to. I imagine it would go something like this:
Me: "No, we can't go to that fancy restaurant you've been asking about. We don't have the money this week."
S/O: *stares silently with arms crossed*
Me: "Yes, I spent all of our left over money this week on a digital coin... no we can't spend it..."
January 12, 2024, 08:40:55 PM
Is this god candle in the room with us?
Yes, but it is an invisible one.
January 12, 2024, 08:38:53 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.
That's a "funny" theory.
As Novo explained it...tracking+fee is what matters the most.
If your fee is 0.2%, but your tracking is off 10%, you would not attract anybody.
You have months to decide on this.
The other thing is "crypto bros" are happy to shell out roughly 0.4% for a trade on Coinbase (kraken's are about half of those), which is a 0.8% round trip (on ONE trade).
January 12, 2024, 08:30:03 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
January 12, 2024, 08:19:11 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.
January 12, 2024, 08:01:18 PM
January 12, 2024, 07:59:47 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.
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