Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 318. (Read 26463874 times)
June 14, 2024, 08:01:18 AM
June 14, 2024, 07:17:58 AM
I'm not sure if there were others but some people send to 1BitcoinEaterAddressDontSendf59kuE... just for fun I guess?
Then there's about 595 here lost forever 1111111111111111111114oLvT2... again, not sure why
Then there's about 595 here lost forever 1111111111111111111114oLvT2... again, not sure why
for coins to be truly consider gone forever they need to be burned via OP_RETURN otherwise they are just sitting an an addy no one has the key to.
may be consider purely semantic but it makes a difference. it also removed those from the UTXO set.
June 14, 2024, 07:13:01 AM
Problem is, plenty people are willing to sell. That's what we've seen so far approaching 70K or just getting over it.
It may be the carry trade: Short the futures, buy physical, pocket the premium. When the futures expire, it's guaranteed to go even against the physical. A similar strategy can be played with perps, but in this case your reward is the funding rate, which can swing the wrong way.
Selling as soon as the price crosses your buying price? Well, sure this happens - but how common is it? I don't know the paper hands/steel claw ratio for these relative newcomers. I don't think many OGs are selling. Well, maybe some whales are replenishing the ETFs' reserves, but likely this happens OTC.
Eventually it will probably change, but in the mean time I don't think we are going up for some time.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
It could be, but King Daddy is well known for rarely, if ever, giving AF about rational expectations.
I'm still expecting a God(zilla) candle while everybody is sleeping. Well, not everybody cause the world apparently is round not flat - but I think you get my drift
True, often no reason why suddenly everyone jumps on the bandwagon at the same time. But with the ETFs maybe it will follow other (non crazy AI) markets a bit more.
It's been said often that when the price action is boring, is usually the best time to buy.
June 14, 2024, 07:04:03 AM
17.6% Lost
+5.2% Satoshi Wallet
=22.8% Forget it
6.6% yet to be minded… there’s your chance.
Problem is, plenty people are willing to sell. That's what we've seen so far approaching 70K or just getting over it.
Eventually it will probably change, but in the mean time I don't think we are going up for some time.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
October to Dec we should move up up and away.
June 14, 2024, 07:01:15 AM
June 14, 2024, 06:01:16 AM
June 14, 2024, 05:46:26 AM
Problem is, plenty people are willing to sell. That's what we've seen so far approaching 70K or just getting over it.
It may be the carry trade: Short the futures, buy physical, pocket the premium. When the futures expire, it's guaranteed to go even against the physical. A similar strategy can be played with perps, but in this case your reward is the funding rate, which can swing the wrong way.
Selling as soon as the price crosses your buying price? Well, sure this happens - but how common is it? I don't know the paper hands/steel claw ratio for these relative newcomers. I don't think many OGs are selling. Well, maybe some whales are replenishing the ETFs' reserves, but likely this happens OTC.
Eventually it will probably change, but in the mean time I don't think we are going up for some time.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
It could be, but King Daddy is well known for rarely, if ever, giving AF about rational expectations.
I'm still expecting a God(zilla) candle while everybody is sleeping. Well, not everybody cause the world apparently is round not flat - but I think you get my drift
June 14, 2024, 05:18:04 AM
17.6% Lost
+5.2% Satoshi Wallet
=22.8% Forget it
6.6% yet to be minded… there’s your chance.
Problem is, plenty people are willing to sell. That's what we've seen so far approaching 70K or just getting over it.
Eventually it will probably change, but in the mean time I don't think we are going up for some time.
Maybe 3-6 months (around the rate cut, election whatever), maybe a year even.
June 14, 2024, 05:01:17 AM
June 14, 2024, 04:01:15 AM
June 14, 2024, 03:01:14 AM
June 14, 2024, 02:01:17 AM
June 14, 2024, 01:16:07 AM
Soon please we are bored,
Long time consolidating,
It is time for up.
June 14, 2024, 01:01:14 AM
June 14, 2024, 12:29:13 AM
Weren't there a bunch of shitcoins trying to glom onto bitcoin's strength by burning bitcoin? Those are lost... and for nothing. imo
edit: "...And so, on January 2 the 30-day burn period commenced, in which people interested in Counterparty's project elected to send 2,140 bitcoins to an unspendable address in exchange for a total of 2.6 million XCP."
edit: "...And so, on January 2 the 30-day burn period commenced, in which people interested in Counterparty's project elected to send 2,140 bitcoins to an unspendable address in exchange for a total of 2.6 million XCP."
There's just one, XCP. The current price of a single XCP is indeed far lower than the burning cost of the BTC. However, it did give rise to a proto-NFT movement that includes the 1st digital trading cards issued on any blockchain, as well as a host of other interesting experiments. As a matter of fact, just yesterday, the 1st 1-of-1 token with an image associated it turned 10 years old.
https://jpjanssen.com/a-timeline-of-non-fungible-tokens-on-counterparty/
I did not participate in the Counterparty burn but I did burn over 1.6 million DOGE for Dogeparty, which seemed to make more sense at the time as there were already billions of Dogecoin in circulation. I've almost broken even on it by now
Not that I would have held the $DOGE past 1 cent...
June 14, 2024, 12:01:15 AM
June 13, 2024, 11:01:17 PM
June 13, 2024, 10:01:15 PM
June 13, 2024, 09:24:10 PM
17.6% Lost
+5.2% Satoshi Wallet
=22.8% Forget it
6.6% yet to be minded… there’s your chance.
Interesting. I wonder how they define "lost". There have been bitcoins that have not moved in a long time for a good set of reasons. :-)
Weren't there a bunch of shitcoins trying to glom onto bitcoin's strength by burning bitcoin? Those are lost... and for nothing. imo
edit: "...And so, on January 2 the 30-day burn period commenced, in which people interested in Counterparty's project elected to send 2,140 bitcoins to an unspendable address in exchange for a total of 2.6 million XCP."
https://web.archive.org/web/20140429075927/http://www.minyanville.com/business-news/editors-pick/articles/The-People-Who-Burn-Bitcoins-bitcoin/4/16/2014/id/54627
I'm not sure if there were others but some people send to 1BitcoinEaterAddressDontSendf59kuE... just for fun I guess?
Then there's about 595 here lost forever 1111111111111111111114oLvT2... again, not sure why
June 13, 2024, 09:01:15 PM
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