Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1818. (Read 26608265 times)
July 07, 2023, 05:03:26 AM
July 07, 2023, 04:01:26 AM
July 07, 2023, 03:22:14 AM
Bitcoin Meetup In London Hosts First Virtual Sim Race Competition
Source
https://twitter.com/BitcoinNewsCom/status/1677228457133228033?t=cRbe8lQ9KzDfwuBeNoQ-7w&s=19
Source
https://twitter.com/BitcoinNewsCom/status/1677228457133228033?t=cRbe8lQ9KzDfwuBeNoQ-7w&s=19
July 07, 2023, 03:19:42 AM
IMO the narrative that the #bitcoinBTC spot ETF will bring in a whole new wave of capital is very overblown.
The largest gold ETF only has 56 billion dollars in AUM
For comparison, the Grayscale Bitcoin Trust *already* has 19 billion AUM. How much would a spot ETF move the needle?
Source
The largest gold ETF only has 56 billion dollars in AUM
For comparison, the Grayscale Bitcoin Trust *already* has 19 billion AUM. How much would a spot ETF move the needle?
Source
56 billion is about 3x 19 billion
so 3 x 30k = 90k
Why not?
Remember much of BTC is hodl
maybe 2 million coins are liquid of the 19 million mined.
We mine 900 a day or 27 million fiat a day even if 20million fiat go right to ETF you are far from 56 billion. 100 days is 2.7 billion worth of coins. Far from 19 or 56 billion, IN 300 days then the ½ ing . 300 days gets us to 6 billion. So we are far short of demand of ETF (maybe)
So a jump to 90k is possible.
July 07, 2023, 03:01:18 AM
July 07, 2023, 02:03:25 AM
July 07, 2023, 01:56:19 AM
Quick advice to start off the weekend 
July 07, 2023, 01:40:20 AM
IMO the narrative that the #bitcoinBTC spot ETF will bring in a whole new wave of capital is very overblown.
The largest gold ETF only has 56 billion dollars in AUM
For comparison, the Grayscale Bitcoin Trust *already* has 19 billion AUM. How much would a spot ETF move the needle?
Source
The largest gold ETF only has 56 billion dollars in AUM
For comparison, the Grayscale Bitcoin Trust *already* has 19 billion AUM. How much would a spot ETF move the needle?
Source
July 07, 2023, 01:04:55 AM
July 07, 2023, 12:01:18 AM
July 06, 2023, 11:37:21 PM
That's a very cornie expression....
Corn up corneroos?
July 06, 2023, 11:03:25 PM
July 06, 2023, 10:29:15 PM
so back to 28k it is then
Anything is possible, and there seem to be so many soothsayer wannabes just rearing (on the edge of their seats/keyboards) and ready to send their message: "I told you so." "Didn't I tell you?" "were you listening?" blah blah blah... but if it does not happen, what are we going to hear? Crickets, perhaps?
What a bunch of clowns.
not every anticipation of price is a prediction. it might be an expression of disappointment, or mental preparation for short term downity
July 06, 2023, 10:13:27 PM
Maybe you are from a country with a passport that does not preclude you? Sure, it might be possible to move depending on age and various connections that people might have in their own country and/or barriers that people might have in terms of entering other countries... and then perhaps questions of selecting where they might want to live.. but still, I am not going to presume that moving is necessarily a realistic option for as many people as you seem to want to presume.
The only one-size-fits-all solution I see is the legislative approval of bitcoin for citizens. All other decisions are purely individual. If bitcoin is banned in the country, then waiting until everything is resolved right at home can be too long. The whole country will not be able to move, and there is no point, because then the government would have to listen and allow bitcoin in that case.
But the individual solution may be different. If the accumulated capital allows, then the passport will not be an obstacle. If some years ago, 10 thousand bitcoins could only buy a little pizza, now El Salvador offers a residency by investment program, where it is enough to invest only 3 bitcoins in the country. As the price of bitcoin rises, it is likely that a smaller fraction of bitcoin can become significant capital.
Of course, it's hard to be sure, but I think a lot of people on this forum are pinning their hopes on bitcoin for a better future. Why not?
We are talking past each other. You keep making the same point, and I keep making the same point that I had made, and we seem to be talking about different things.. including that I stick to my guns, that even though it is fine and dandy to recommend that someone should leave his/her country if s/he considers the bitcoin laws to be too restrictive.. but still it seems to me that leaving the country is not practical for some people... and yeah, depending on how draconian their country is, they may or may not be dissuaded from continuing to hold bitcoin and/or to transact in bitcoin, even if bitcoin might be illegal in their country... sure some folks will actually give up and let their government bully them around... and it likely is easier to give up upon bitcoin if you might not have had a very strong conviction about it in the first place... so some people are more easily bossed around than other people...and I am not even saying it is a good or bad thing because I tend to try to be descriptive in my assessment of the ways of the world rather than prescriptive.. even though surely all of us have our pie in the sky fantasies about various ways that we might want to change the world. in order to perhaps help our own situations.
so back to 28k it is then
Anything is possible, and there seem to be so many soothsayer wannabes just rearing (on the edge of their seats/keyboards) and ready to send their message: "I told you so." "Didn't I tell you?" "were you listening?" blah blah blah... but if it does not happen, what are we going to hear? Crickets, perhaps?
What a bunch of clowns.
The number is different to each person, and likely some of us started out with a number and then if we have been in bitcoin for a while, our number has changed over the years, and then we may well be faced with needing to consider arranging our thoughts about our numbers (and the extent to which we might have had gone past our numbers? though for some guys, and gal, they never seem to "have enough."
Is it necessary to have more? I wonder?
You might want to consider ideas that I presented in my latest (April 17, 2023) rendition of fuck you status - and you can see how the number goes down, and surely not everyone is considering their fuck you status goal as $2 million.. yet you can still get some ideas regarding that 1 BTC might not exactly get you to solid entry-level "fuck you" status until 2043-ish.
but even a person who might accumulate 1 BTC by today, they might be able to accumulate 1 or more additional BTC by 2038, and be on the road to solid entry-level fuck you status (even using $2 million as the level)... or how about having 6.6 BTC by 2031? that might be doable for some folks? Perhaps? perhaps? Gotta keep stacking those sats and perhaps trying to increase income and lessen expenses, too.
I'm tired of the 30k level, wen 40k.
$30k seems to be way better than $20k and even better than sub $20k from just 6-7 months ago, no?
July 06, 2023, 10:03:28 PM
July 06, 2023, 09:27:25 PM
I'm tired of the 30k level, wen 40k.
an etf would give us 50k very quickly
July 06, 2023, 09:17:15 PM
Every Spot ETF in USA is naming Coinbase their custodian, but they only have 446k #bitcoin . This will be fun
Source
Source
all this story is very curious.
what is behind ?
imho, not very important...they are the custodian for FUTURE purchases (once the ETFs are approved). Apart from the initial smaller purchases to kick-start the funds, everything else depends on the briskness of ETF trading. More ETF "units" bought would mean more bitcoin bought and vice versa. Current levels are not that important.
It means maybe one thing: bitcoin on Coinbase would likely to move to a permanent "premium". I am sure some arbs would 'love' it. That's how FTX started, actually (arbing between several exchanges).
July 06, 2023, 09:12:33 PM
Every Spot ETF in USA is naming Coinbase their custodian, but they only have 446k #bitcoin . This will be fun
Source
Source
all this story is very curious.
what is behind ?
July 06, 2023, 09:11:53 PM
Bitcoin is quite stable, but weird moves are happening in the fiat markets.
I am observing periodic large purchases and sells in VIX options.
Todays:
https://finance.yahoo.com/news/one-trader-bets-vix-index-164646139.html
Guy/entity buys $4.5-4.6mil on Option 1, sells $4 mil in Option 2, net spend $0.5-0,6 mil. Paradoxically, he buys HIGHER expiration and sells LOWER.
I can only think that they expect it to pop to about where he sold, but because of the sudden move he expects his HIGHER expiration to move more than you would expect based on volatility. A chess move or just a gambler, lol.
TL;DR I think that Wall Street starts to expect volatility between now and maybe October. The signal would probably be the next two FED meetings.
I am observing periodic large purchases and sells in VIX options.
Todays:
https://finance.yahoo.com/news/one-trader-bets-vix-index-164646139.html
Guy/entity buys $4.5-4.6mil on Option 1, sells $4 mil in Option 2, net spend $0.5-0,6 mil. Paradoxically, he buys HIGHER expiration and sells LOWER.
I can only think that they expect it to pop to about where he sold, but because of the sudden move he expects his HIGHER expiration to move more than you would expect based on volatility. A chess move or just a gambler, lol.
TL;DR I think that Wall Street starts to expect volatility between now and maybe October. The signal would probably be the next two FED meetings.
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July 06, 2023, 09:08:43 PM
It's just a baby Instagram. I don't see any significant difference! It's a close of Instagram with slight modifications and censored.
so back to 28k it is then
Nope. We bounce back!
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