The ending was fun:
But... Ultimately... There are always only 3 rules to Bitcoin:
1. You buy Bitcoin,
2. You shut the fuck up,
3. You get fabulously wealthy!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 613. (Read 26468124 times)
March 19, 2024, 03:50:42 PM
The ending was fun:
But... Ultimately... There are always only 3 rules to Bitcoin:
1. You buy Bitcoin,
2. You shut the fuck up,
3. You get fabulously wealthy!
March 19, 2024, 03:44:09 PM
EDIT: AND WHEN YOU THOUGHT YOU'VE SEEN IT ALL...
Yesterday somebody stole our hay from the haybarn when we were away.
They only left as much for the horses to be fed another day.
Fucking sickos!
I was thinking about security cameras before, but now i'm already shopping online while writing this.
Those bastards.
Too bad you can't train one of your horses on how to use a shotgun.
Hell no!
Still in the fantasy realm, i'd train them how to use a Taser and keep the fucker entertained until i'm home.
Then the real fun begins
March 19, 2024, 03:01:17 PM
March 19, 2024, 02:57:52 PM
yeah, why not post something in klingon next time?
Don't challenge me
EDIT: So Tengwar would be OK?
March 19, 2024, 02:54:20 PM
this is a corn 🌽 sale.
I grabbed .025 nice and cheap.
I had a spot order on bitmex, it had been sitting there for a while and got triggered. Well below market price. Not at 8.9k though... I grabbed .025 nice and cheap.
Quote
Ready for more if it drops.
You and me both.
March 19, 2024, 02:27:44 PM
yeah, why not post something in klingon next time?
March 19, 2024, 02:07:46 PM
Isn't it $40b? It shouldn't take that long I don't think, maybe another month or two? Especially if the selling continues to increase.
Can someone remind me how much Bitcoin GBTC had to begin with, how much they've sold already? Want to calculate what the timeframe is looking like.
Ironically without GBTC outflows, there basically are no outflows, even if lower inflows at present, which speaks volumes...
The sooner that GBTC is flushed out the market the better.
Can someone remind me how much Bitcoin GBTC had to begin with, how much they've sold already? Want to calculate what the timeframe is looking like.
Ironically without GBTC outflows, there basically are no outflows, even if lower inflows at present, which speaks volumes...
The sooner that GBTC is flushed out the market the better.
At the time of approval of the spot ETFs, Grayscale had just over 600 000 BTC, and according to the data I am looking at today, it has about 368 000 BTC - which means that their bag is still quite full. It seems that a few more months will pass until they sell everything they have planned.
Source
Yep they started with BTC619k, already lost over BTC250k (~40%), so as of yesterday they're down to BTC369k. I don't think people realize just how much corn that is. We're about to enter an epoch where only BTC164k will be mined in a year, and only BTC656k will be mined in the next epoch (4yrs).
Now of course they could've just kept their fees in line with everyone else, be a hero in the community and create a legacy, becoming the oldest largest and still growing ETF which even Blackrock couldn't touch, but no, those fuckers decided to kill the golden goose, and fuck everyone with 1,5% for another few years while everyone runs to Blackrock. I guess the math is simple, 0,2% from BTC619k is only BTC1.238yr in fees. So with 1,50% fees while they manage to hold on above BTC82.533 they're better off, after that...
I guess they saw how much they fucked up and now trying to do some damage control
The asset manager submitted plans for the Grayscale Bitcoin Mini Trust, which would be physically backed by the cryptocurrency and trade under the ticker ‘BTC,’ a Tuesday filing showed.
If approved, the exchange-traded fund would be seeded with an unspecified percentage of the world’s biggest Bitcoin ETF, Grayscale Bitcoin Trust (GBTC), and existing GBTC shareholders would automatically have shares of both GBTC and BTC without creating a taxable event, according to the filing.
...
Fees for BTC aren’t yet listed, but are expected to be lower than GBTC, according to a person familiar with the matter.
If approved, the exchange-traded fund would be seeded with an unspecified percentage of the world’s biggest Bitcoin ETF, Grayscale Bitcoin Trust (GBTC), and existing GBTC shareholders would automatically have shares of both GBTC and BTC without creating a taxable event, according to the filing.
...
Fees for BTC aren’t yet listed, but are expected to be lower than GBTC, according to a person familiar with the matter.
March 19, 2024, 02:07:27 PM
Saylor has made his purchase. That is what seems like stopped the bleeding at $62K. A bit worrisome now that there is no major buys in the pipeline for the moment and a whole lot of selling going on. Again, I think this is probably a good selling point for traders in the short term and the next month has the potential to be a bloodbath, but if you've been holding for years it doesn't make sense to panic now. Do yourself a favor and take a vacation or close your eyes until summer is over, because things might get ugly here. I hope I'm wrong and we retest the highs next week, but I'm guessing a more likely scenario is a retest of $50K over the next month.
March 19, 2024, 02:03:34 PM
March 19, 2024, 01:39:39 PM
I feel like the halving correction is now upon us as people will be scared and taking profits
Will never make sense to me…
Having fear for the halving…
IMHO it’s a price increase instead of decrease situation.
Quite a bit of turmoil for miners. So a lot of coin is dumped by them early so they will have the funds t9 mine on during the first three to six months after the mining ⛏️.
March 19, 2024, 01:36:45 PM
March 19, 2024, 01:32:09 PM
we might need to retest 50k one last time before (hopefully) never coming back
Over the years…. Tested that enough
We have to test 100k and beyond…
That’s the true testing phase
The not joining cheap anymore, the they have had enough chances and now it’s for those who understand/believe
this is a corn 🌽 sale.
I grabbed .025 nice and cheap.
Ready for more if it drops.
March 19, 2024, 01:21:48 PM
I feel like the halving correction is now upon us as people will be scared and taking profits
Will never make sense to me…
Having fear for the halving…
IMHO it’s a price increase instead of decrease situation.
I don't think it's fear at, but since 2016 there have been considerable corrections/consolidation prior to and after the havling. Most notably, no upside immediate prior of after.
Whether that happens this time around is a different story, but history often repeats. Personally I think it's more about miners selling prior to switching off.
March 19, 2024, 01:15:35 PM
I feel like the halving correction is now upon us as people will be scared and taking profits
Will never make sense to me…
Having fear for the halving…
IMHO it’s a price increase instead of decrease situation.
March 19, 2024, 01:01:18 PM
March 19, 2024, 01:00:44 PM
One thing about this recent drop that is somewhat encouraging is that my news feed is literally full of articles about Bitcoin today. Not my crypto news feed, my normal one. There's no way anyone looking at the news today isn't having Bitcoin plastered in their face. That means more eyes on it, which ultimately leads to new investment. The market is healing itself and I think we may have seen the worst of it for now. We'll have to see what happens when Saylor does his $500,000,000 smash buy, which I still think will be a short term selling opportunity, but I feel like the halving correction is now upon us as people will be scared and taking profits after the recent action. With only a month to go until the actual halving, the pain won't last too long. Up only soon.
March 19, 2024, 12:50:23 PM
Here's a one I did, polished recently, in a similar vein.
Machined on a Mazak VMC 50/80, programmed on Mastercam software.
Material is 4" diameter tool steel. Engraved with .125" carbide ball endmill.
https://bitcointalksearch.org/topic/m.63432908
(There's other various CNC crap I've done over the years... posted and lost, somewhere in the bowels of this here famous 10 billion page thread.)
Hey Buddy! WTF?
Hey Bud, this is the most beautiful thing I have ever seen in a long time. Looking at the amount of work that went into it and the details is super amazing. You make me want to become a CNC Machinist now or maybe it is too late for me. I have started to binge watch YouTube videos on CNC machinist already and I love it.
If you don't mind send me some of the cool stuff you have done. And some beginner recommended videos to watch.
Thanks.
March 19, 2024, 12:34:34 PM
Im really optimistic in this little bear run we are facing and also seeing very good lighst and clues in this one.
If you see a lot of big hands selling some of his coins to make profit, but in the end we are not dumping so much we still above 60k after a big big dump, so we are very strong in general.
I read some guys here saying we need to retest 50 k after we gonna go up again to the new ATH, and i think in a similar way, but still the same as above, only restesting to 50k to again going into a fucking big ATH seems awesome for me.
If you see a lot of big hands selling some of his coins to make profit, but in the end we are not dumping so much we still above 60k after a big big dump, so we are very strong in general.
I read some guys here saying we need to retest 50 k after we gonna go up again to the new ATH, and i think in a similar way, but still the same as above, only restesting to 50k to again going into a fucking big ATH seems awesome for me.
Neither bear nor bull, we are currently on a rollercoaster. The candles in the last few days have left me confused as to what the market really wants. We can know the real situation after the halving occurs, for now hold hands and move towards the reality created by the market. Large institutions such as microstrategy are still continuing to accumulate bitcoin even though the price is falling, don't let them alone make a profit or don't throw away your bitcoin.
Source
March 19, 2024, 12:27:51 PM
Well, i'm not in the machining industry, but i was trained to work with industry grade machinery like lathes and milling machines when i visited a tech school (comparable to College in terms of USA). In the meantime more than 30 years passed by, but i kept all the basics.
I manufactured hand made finger rings made of exotic hardwood and imo the best way to get ring blanks out of dense wood for wood turning was a CNC milling machine. It's a converted engraving machine, suitable for llimited space and equipped with powerful step motors. It would work with metals too, but the cooling using fluid would be too messy. I restricted myself to mostly automatic work, because i developed neurodermitis at the fingertips because of exposition to the fine dusts and tons of hours of wet sanding. Maybe i make 2-3 rings a year for giving away as presents. Sanding with Nitril gloves is an option, but they tend to tear and the tiniest of a wrinkle makes it hard to "feel" what is going on, and they're too sticky as well.
I've been doing this for almost 20 years. Sometimes I get lesions on my skin because of the soluble cutting oil, I've gotten used to it.
his is my physical bitcoin:
https://bitcointalksearch.org/topic/my-physical-bitcoin-in-aluminum-manufactured-in-a-cnc-machining-center-5474660
Nice job, fellow CNC machinist. That's awesome!
I did something similar here for the 10th Anniversary Art Contest in 2019. Unfortunately, the images have all since been nuked for reasons.
https://bitcointalksearch.org/topic/m.53005794
Here's a one I did, polished recently, in a similar vein.
Machined on a Mazak VMC 50/80, programmed on Mastercam software.
Material is 4" diameter tool steel. Engraved with .125" carbide ball endmill.
https://bitcointalksearch.org/topic/m.63432908
(There's other various CNC crap I've done over the years... posted and lost, somewhere in the bowels of this here famous 10 billion page thread.)
Hey Buddy! WTF?
Beautiful piece, very good work. I haven't polished my BTC yet, I haven't had time yet
here I used a ROMI D800, to write I used a special writing tool with a diameter of 6mm, 60 degrees and a nose radius of 0.2. We generally use it to write on Cold Box casting molds. The topic also has photos of it and the process, software and everything else.
No photos saved? I would love to see the photo in the first link.
There are already 3 of us here involved in making pieces, soon it will be a gang formation lol
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