Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4154. (Read 26713252 times)
January 21, 2022, 08:01:31 AM
January 21, 2022, 07:55:50 AM
January 21, 2022, 07:47:42 AM
WTF is happening?
January 21, 2022, 07:45:36 AM
Is the market bled out yet?
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.
Fuck derivatives, by the way!
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.
Fuck derivatives, by the way!
Well, 8k fall ain't too difficult, but it feels like we are near a bottom and same for traditional markets.
Might have to stop looking at the price for a while though, maybe that bottom willl come in then.
January 21, 2022, 07:40:24 AM
Is the market bled out yet?
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.
Fuck derivatives, by the way!
Many "want" $30k, we're still $8k above that.
It doesn't look like a real "buyers capitulation" yet (like 2019) and the daily isn't closed yet, too.
There's still room for downity, but after that this short bear market should be done.
Fuck derivatives, by the way!
January 21, 2022, 07:33:01 AM
January 21, 2022, 07:15:03 AM
This looks like a double bottom to me, although technically it is several %'s lower than the last. So, just in case, I've bought the dip. And if we go lower, I will buy in the same manner, no matter how deep this bear market turns out to be. Everyone that had laser eyes on twitter now speaks of 20K, even 10K. What I see is that this massive 2 month coordinated dump achieved onlly 38K-39K bottom. It seems that it loses steam and soon there will be a rebound. Let's recall that in March 2019, we had a bottom 3.8K, and look where we are now - the mother of all crashes to 38K? Wow, that is sooo scary, I've almost panic sold ... my spare fiat. 
January 21, 2022, 07:01:36 AM
January 21, 2022, 06:58:22 AM
It is amazing that the only coins that moved in this 2 month bear market are bought in the last 6 months
Curious. How are you discerning this?
https://insights.glassnode.com/the-week-onchain-week-03-2022/?utm_source=email&utm_medium=newsletter&utm_campaign=woc_03_2022
I am somewhat dubious about the Glassnode conclusions:
1. they assume that every transaction is associated with a buy/sell action - clearly this is not true
2. they ignore exchange holdings when calculating LTH vs STH
3. they (obviously) cannot see the specifics of exchange buys and sells (as they are off-chain);
4. exchange volumes are highly likely to include the same coins changing hands multiple times - its not a one buy and then move off exchange type activity
Accordingly while I think it is very interesting it is easy to read too much into it.
Well yes, but your not looking for perfect accuracy you're looking for consistency in the data over long time frames. This is what gives it relevance, and the chart posted matches up nicely with their other data saying retail did not move in strongly on the increase to 69k and LTHs did not unload coins in great numbers.
January 21, 2022, 06:55:19 AM
Question for @fillippone
When I buy MicroStrategy stock for the USD price a bitcoin is worth, how many bitcoins do I indirectly own?
https://finance.yahoo.com/quote/MSTR
- Market Cap: $5.252B (nasdaq closed)
- Bitcoin price: $41700
- As of 12/29/21 we #hodl ~124,391 bitcoins
$5,250,000,000 / 124,391 = $42205 per bitcoin. So you currently pay a ˜$500 premium, for the company?
When I buy MicroStrategy stock for the USD price a bitcoin is worth, how many bitcoins do I indirectly own?
https://finance.yahoo.com/quote/MSTR
- Market Cap: $5.252B (nasdaq closed)
- Bitcoin price: $41700
- As of 12/29/21 we #hodl ~124,391 bitcoins
$5,250,000,000 / 124,391 = $42205 per bitcoin. So you currently pay a ˜$500 premium, for the company?
Well,
This subject has been analysed many times in the thread:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
There you will find a spreadsheet with my computations:
There seems like the value of BTC is actually above the value of the share itself.
I am going to double check the computations, to see what’s wrong.
(This is literally the first thing I am doing awake).
You don’t seem to have allowed for all their debt. They borrowed money to buy Bitcoin, at some point they need to repay it.
Probably by taking out another loan. That is the difference between BTC and FIAT. It makes sense to just keep borrowing more FIAT to pay off the previous debt as it continues to devalue over time. Try doing that with BTC and see where that gets you!
My point was not about how they would pay it back, merely that it needed to be accounted for when considering the valuation of MicroStrategy.
January 21, 2022, 06:41:00 AM
all-in 
January 21, 2022, 06:37:41 AM
January 21, 2022, 06:31:58 AM
It is amazing that the only coins that moved in this 2 month bear market are bought in the last 6 months
Curious. How are you discerning this?
https://insights.glassnode.com/the-week-onchain-week-03-2022/?utm_source=email&utm_medium=newsletter&utm_campaign=woc_03_2022
I am somewhat dubious about the Glassnode conclusions:
1. they assume that every transaction is associated with a buy/sell action - clearly this is not true
2. they ignore exchange holdings when calculating LTH vs STH
3. they (obviously) cannot see the specifics of exchange buys and sells (as they are off-chain);
4. exchange volumes are highly likely to include the same coins changing hands multiple times - its not a one buy and then move off exchange type activity
Accordingly while I think it is very interesting it is easy to read too much into it.
January 21, 2022, 06:26:58 AM
Bitcoinwisdom has a new design?
P.S. Liked the previous look better as now there's a long list of shitcoins on the front page.
P.S. Liked the previous look better as now there's a long list of shitcoins on the front page.
January 21, 2022, 06:26:35 AM
#Bitcoin investors have realised large losses during this sell-off, with net daily losses between $600M and $875M/day.
Whilst these are significant sums, they remain small relative to $1B+ losses realised during the May-June capitulation, and the deleveraging of 4-December.
https://twitter.com/glassnode/status/1484445927888859136
January 21, 2022, 06:01:27 AM
January 21, 2022, 05:59:41 AM
CB are you listening??
Not resizing it because want to pump with full pressure and don't break this barrier and go upwards.
Not resizing it because want to pump with full pressure and don't break this barrier and go upwards.
January 21, 2022, 05:16:42 AM
Again some options expiry today, seems like every week there is an option expiring somewhere
Can anyone even keep the overview?
Those paper thingiez don't seem to do no good...
Can anyone even keep the overview?
Those paper thingiez don't seem to do no good...
Everything surrounding Bitcoin that isn't Bitcoin is just a toxic piece of crap and a distraction. They are designed to make non holders money, or try to make money from BTC within existing retail markets which is just foolish when you think about it, make a quick buck and these distractions just eat away at BTC itself. Non of these things remain and almost all such things seem to come and go except for BTC itself.
Futures, ETFs, YouTubers, "evangelists", shitcoins, NFTs.
You name it....
January 21, 2022, 05:03:34 AM
Again some options expiry today, seems like every week there is an option expiring somewhere
Can anyone even keep the overview?
Those paper thingiez don't seem to do no good...
Can anyone even keep the overview?
Those paper thingiez don't seem to do no good...
January 21, 2022, 05:01:26 AM
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