Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6951.

fillippone

legendary

Activity: 2380

Merit: 17063

Fully fledged Merit Cycler - Golden Feather 22-23

Quote from: Paashaas on October 14, 2020, 08:39:09 AM

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO. Cool

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Apparently, I am not able to add numbers up.
This report appears to be too good to be true. Something really strange: I am explaining it here.
Maybe someone of you can help me understand what I am missing.

I am stupid and I need to read the fine prints:
Total AUM grew 1.05 Billions.
BTC AUM grew 719.3 Mios, exactly in line with what I expected on my spreadsheet.

Barry Silbert math is good!

This is incredible: their shitcoins funds attracted an unprecedented flow this quarter!
Read more here.

Cryptotourist

hero member

Activity: 1204

Merit: 755

Homo Sapiens Bitcoinerthalensis

Quote from: goldkingcoiner on October 14, 2020, 05:04:39 AM

I forgot what I wanted to post. Was probably going to be a shitpost.

My expertise. Tongue

I.want.to.see.that post.gif

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Went in, long and green,
Quickly came out, all bloody...
Anal sex virgin!

#nohomohaiku

El duderino_

legendary

Activity: 2744

Merit: 13618

BTC + Crossfit, living life.

Herasy

Or however it’s written

Booze is strong in this one atm

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: BobLawblaw on October 14, 2020, 09:39:20 AM

Quote from: rdbase on October 14, 2020, 09:33:03 AM

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed

Cue the tv meteorologists drawing a penis on the weather map gif...

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

me laughed Grin

. Thank you

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: vapourminer on October 14, 2020, 09:12:03 AM

number goes up

me like

rats

me changed my mind

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: rdbase on October 14, 2020, 09:33:03 AM

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed

bitcoinPsycho

legendary

Activity: 2688

Merit: 2470

$120000 in 2024 Confirmed

buyers remorse

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Well..
That was a ride Shocked

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least. Embarrassed

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

number goes up

me like

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Gentlemen, etc...

EDIT: lolnope

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I have suddenly become super busy but news of the MS Satoshi is exploding.

https://cointelegraph.com/news/cruise-ship-satoshi-to-house-crypto-companies-and-digital-nomads

Our engineer is in Cyprus right now, he says he can see the ship. They should be picking him up in the next couple of hours. 4 COVID tests and 6 days later he made it to Cyprus.

Paashaas

legendary

Activity: 3620

Merit: 4813

Impressive that Grayscale raised $1 billion in Q3.

.....And this is just the beginning: institutional FOMO. Cool

https://www.globenewswire.com/news-release/2020/10/14/2108440/0/en/Grayscale-Investments-Secures-More-Than-1-Billion-in-New-Investments-in-Q3.html

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: Karartma1 on October 14, 2020, 07:26:01 AM

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

Yes, although the exchanges can still keep a lid on things with increased fractional reserves to offset the reduced float. This only works as long as the market is lifeless with very few deep pocket buyers.

But once an on-market buying frenzy starts, combined with mega short squeezes the FR will only make it worse for the exchanges. Price will be gapping up bigly.

Karartma1

legendary

Activity: 2310

Merit: 1422

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

WastedLTC

hero member

Activity: 778

Merit: 563

Quote from: smartcomet on October 13, 2020, 09:11:17 PM

https://twitter.com/Coin98Analytics/status/1315853890424717312

source is https://bitcointreasuries.org

Pretty sure that is not the correct BTCetc logo... lol -- had to look that one up.

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Notably rejected by log growth trend-line, time for some consolidation to create a higher low?

Quote from: dragonvslinux on October 11, 2020, 04:21:46 AM

It's also more than possible price now decides consolidates sideways and creates a higher low around $10.3-$10.4, given that we have established a (local) higher high.

This is otherwise the level I'm looking at for support, if price fails to turn resistance into support ($10.7-10.9K):

Patience is a virtue. Awaiting a 1-4 candle correction to the downside on the Daily for a higher low.

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

When a company or anyone buys bitcoin, either they market buy, or create a wall. If the wall is not visible, it could be an OTC buy, or simply an iceberg.

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

50 week SMA reached $9000 for the first time ever.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6951. (Read 26711481 times)