Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 615. (Read 26468166 times)

Barry fcking Shillbert continues selling thousands of coins every day.

$20 billion+  Bitcoin bag ready to be dumped.

Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.

Barry fcking Shillbert continues selling thousands of coins every day.

$20 billion+  Bitcoin bag ready to be dumped.

Going back to hibernation for a loooong time just to skip coming soul crushing bloodbath.

I know that Saylor has been a good advocate for Bitcoin in recent years. But is he really better than Rojer Ver, and others  like him? Of course, he is way too smart to fall into the trap of creating his own shitcoin and losing money trying to pump it. Instead, he is riding on the wave of Bitcoin by creating some kind of a ponzi. Below are some tweets from a long thread, describing in detail what is going on.

Michael Saylor is pumping Bitcoin on the media every single day & selling convertible notes to buy more $BTC. So why is he then selling 5000 shares of his $MSTR stock everyday for a cumulative $195m of stock sold YTD?
[...]
https://twitter.com/BenBrey/status/1769737363280822381

I know that Saylor has been a good advocate for Bitcoin in recent years. But is he really better than Rojer Ver, and others  like him? Of course, he is way too smart to fall into the trap of creating his own shitcoin and losing money trying to pump it. Instead, he is riding on the wave of Bitcoin by creating some kind of a ponzi. Below are some tweets from a long thread, describing in detail what is going on.

Michael Saylor is pumping Bitcoin on the media every single day & selling convertible notes to buy more $BTC. So why is he then selling 5000 shares of his $MSTR stock everyday for a cumulative $195m of stock sold YTD? This is almost a $1bn annual run rate fwiw. In September 2023 Saylor filed a 105b1 plan to regulary sell his shares. As you can see on the chart in the last thread he is selling at very regular intervals. So why is he issuing convertibles to buy more Bitcoin and simulataneously pushing up the price which then pushes up his stock price? Namely, because MSTR equity trades at an insane premium to its underlying Software business + BTC After-Tax holdings of 120%.  So this implies that for MSTR to trade at NO PREMIUM to its BTC holdings at $68k price the price of BTC would need to be $157,000 - 130% higher than last price I checked this morning. This has true blue ponzi / reflexive / flywheel dynamics in that Saylor issues converts to buy Bitcoin, drives up the price of Bitcoin, which drives up his equity value, then he sells his own stock, and then does it again. Guy has down two converts for $1.4bn in the last two weeks. Tbh, he should just keep doing them as long as the market will bear it. Just be weary when the arbitrage breaks down, as it always does. Then we could see some real unwinds. Probably need to look at the options market for clues as to when the protections will unwind.

https://twitter.com/BenBrey/status/1769737363280822381

There. Now it's a haiku. 

Don’t buy BTC for a quick overnight buck
Don’t buy BTC when not able to stomach a minor dip (10%ish) and a 85% down bear market
Don’t buy BTC when only $ is in your mind…

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.


Ary you kidding?!
10 Bitcoin can't buy you a new ear, or can they?
 

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.

Are you in the machining industry? I work with it! It's great to see people here who are in this field of activity.

Some time ago I made a fully personalized bitcoin with my nickname in aluminum measuring 130mm in diameter, it looked beautiful, I made it on a CNC machining center

Would you fight Mike Tyson for 10 whole #bitcoin?

Record GrayScale outflow on 18 March.

Something weird going on there with keeping their fees high.
Maybe they are preferring to have an Eth ETF eventually. It would suit them.

In all seriousness; it seems that GrayScale is the actual resource for the ETFs that were created.
Most likely an inside deal with Blackrock I suspect.
Simply not to ramp up the BTC price too much too soon?
I think with Wall Street having entered the space more we are also seeing more shenanigans going on.

And the irony of course is that crooks like Jamie Dimon said that Bitcoin was mostly used by criminals.
Unbelievable!
 

Watch what they do, not what they say....