Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1461.

xhomerx10

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Quote from: bitmover on December 27, 2023, 03:11:44 PM

Hey, i want to share with WO this new project I have been working on with @JayJuanGee.

Probably everyone here knows about JJG Sustainable Bitcoin Withdrawal Strategy.

We have implement a website version of his Withdrawal Strategy, which serves as a guide to maintenance and liquidation of a Bitcoin portfolio, based on the 200 week moving average.

Take a look, and please give me your feedback and ideas!

https://bitcoindata.science/withdrawal-strategy

That is brilliant! Congratulations to both of you. This will come in handy in the years to come

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: AirtelBuzz on December 27, 2023, 01:44:17 PM

Bitcoin is the most salable form of money across time and space.

>>> https://twitter.com/SimplyBitcoinTV/status/1740064247953121481?t=FnIkJTXSclsifOBslPEIWQ&s=19

It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency. Maybe if we start traveling through space this will be a more important feature than it is now, or if people as a whole ever get their financial intelligence up. Right now most people still think Bitcoin is a scam.

bitmover

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bitcoindata.science

Hey, i want to share with WO this new project I have been working on with @JayJuanGee.

Probably everyone here knows about JJG Sustainable Bitcoin Withdrawal Strategy.

We have implement a website version of his Withdrawal Strategy, which serves as a guide to maintenance and liquidation of a Bitcoin portfolio, based on the 200 week moving average.

Take a look, and please give me your feedback and ideas!

https://bitcoindata.science/withdrawal-strategy

ChartBuddy

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WatChe

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Quote from: Paashaas on December 27, 2023, 12:22:48 PM

Russians since the era of USSR were more focused on production of mega industrial products like space rocket, missiles, tanks etc. They rarely produce commercial products like cars that can capture world markets through trade.

If you are trying to produce car for the very first time then you come up with such ugly and disproportion car.

Local cart selling different salt roasted products. My pick, Combo of salt roasted Brown Chickpeas and Peanuts in $0.20. Make a good lunch with almost Zero Carbs. It fills the tummy and you are good to go till dinner.

Most Important, no Yawning in office after this lunch.

philipma1957

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R.I.P. Tom Smothers

https://www.yahoo.com/news/comedian-tom-smothers-one-half-171553399.html

yo yo man
https://www.youtube.com/watch?v=_81L5EbU6KQ

vintage below

https://www.youtube.com/watch?v=pAaG6fJBUwA&list=RD_81L5EbU6KQ&start_radio=1&rv=_81L5EbU6KQ

I was 8 or 9 when I first saw it back in the 60's

ChartBuddy

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OutOfMemory

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Quote from: Biodom on December 27, 2023, 01:54:24 PM

Quote from: SamReomo on December 27, 2023, 01:17:35 PM

Quote from: Negotiation on December 27, 2023, 08:22:28 AM

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23,
@MicroStrategy
now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.

I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin.

Their business model is to act as a levered bitcoin play, supported by equity sells and a small cash flow from their other business.
Basically, it is a 2X bitcoin ETF, but with no slippage (which happen in "regular" futures based 2X ETFs, which are typically to run away from).
They will probably de-lever a bit later on.
Ideally, they should de-lever during peaks and lever up during troughs, but imho, Michael Saylor got 'caught up' a little in Dec 2022.
Thankfully, he did not have covenants that might have caused him to sell at a very inopportune moment.
I calculate that at some point in Dec 2022, MSTR probably had almost zero equity: about 2X leverage at 29-30K with the price at $15-16K means that equity was then zero or perilously close to it.

Thanks for posting this while i was writing my own answer, but yours is much better Cool

Sailor made this clear in a lot of interviews already. He never really bought to sell.

EDIT: That's why he never really cared about the price.

Biodom

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Quote from: SamReomo on December 27, 2023, 01:17:35 PM

Quote from: Negotiation on December 27, 2023, 08:22:28 AM

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23,
@MicroStrategy
now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.

I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin.

Their business model is to act as a levered bitcoin play, supported by equity sells and a small cash flow from their other business.
Basically, it is a 2X bitcoin ETF, but with no slippage (which happen in "regular" futures based 2X ETFs, which are typically to run away from).
They will probably de-lever a bit later on.
Ideally, they should de-lever during peaks and lever up during troughs, but imho, Michael Saylor got 'caught up' a little in Dec 2022.
Thankfully, he did not have covenants that might have caused him to sell at a very inopportune moment.
I calculate that at some point in Dec 2022, MSTR probably had almost zero equity: about 2X leverage at 29-30K with the price at $15-16K means that equity was then zero or perilously close to it.

AirtelBuzz

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Bitcoin is the most salable form of money across time and space.

>>> https://twitter.com/SimplyBitcoinTV/status/1740064247953121481?t=FnIkJTXSclsifOBslPEIWQ&s=19

Biodom

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Quote from: JayJuanGee on December 26, 2023, 11:58:36 PM

But Glutamine and glutamate do seem to have some kind of a relationship, so I am not going to try to unravel any of that here.. seems to be beyond my depth, but interesting to see that there is some kind of a relationship, and you are not totally off of your rocker, Biodom.

It's simple...Glutamate (for example in monosodium glutamate) is simply an anionic form of glutamic acid (as glutamine has an acidic carboxyl residue, which can ionize), which is a non-essential amino acid (meaning that we don't have to consume it as food), mostly acting as a potent neurotransmitter and in protein biosynthesis.
This is similar to citric acid/citrate, carboxylic acid/carbonate, etc.

Sorry for a bout of chemistry....but not much is happening to bitcoin price right now.

SamReomo

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Quote from: Negotiation on December 27, 2023, 08:22:28 AM

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23,
@MicroStrategy
now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.

I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin.

ChartBuddy

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Explanation
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LFC_Bitcoin

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Pump it…..

@BritishHodl
Whether In Kind or Cash Create/Redemption.

The Spot #Bitcoin ETF WILL hold SPOT #Bitcoin ETF.

There are 3 phases to an ETF.

Phase 1: Capital Injection.
Phase 2: Holding the Asset.
Phase 3: Capital Extraction.

The Cash vs In-Kind debate is ONLY for Phase 1 & 3.

In Phase 2, they MUST hold the Spot #Bitcoin .

Stop with the misinformation.

Or straight up dumb takes.

cc @JSeyff
https://x.com/britishhodl/status/1740055308985115010

Paashaas

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