Meanwhile, my friend, a time traveller, sent me this leaked pic from a 2025 100k party.... 
Oh ffs! Looks like we're gonna lose our shirts! Sell, sell sell!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 706. (Read 26706719 times)
June 15, 2024, 11:11:46 AM
Oh ffs! Looks like we're gonna lose our shirts! Sell, sell sell!
June 15, 2024, 11:01:15 AM
June 15, 2024, 10:54:52 AM
leaked pic from a 2025 100k party....
I hope she's at least 19 then.
June 15, 2024, 10:01:18 AM
June 15, 2024, 09:52:42 AM
Meanwhile, my friend, a time traveller, sent me this leaked pic from a 2025 100k party....
June 15, 2024, 09:01:15 AM
June 15, 2024, 08:51:36 AM
OT: Check out a cool map of US housing affordability. Move the slider to whatever your number is 
https://www.nbcnews.com/data-graphics/map-where-can-you-afford-a-home-in-the-united-states-rcna155286
The median household income in US is $77397.
The whole west coast+Florida coast+ Tristate area (NY, NJ, CT)+ the rest of the North-east coast are unaffordable for at least 50% of the populace.
https://www.nbcnews.com/data-graphics/map-where-can-you-afford-a-home-in-the-united-states-rcna155286
The median household income in US is $77397.
The whole west coast+Florida coast+ Tristate area (NY, NJ, CT)+ the rest of the North-east coast are unaffordable for at least 50% of the populace.
Slide all the way to the right, notice that the largest area that still priced out, is the Jackson Hole. Go search the photos around this area, the views are like they are from Switzerland.
I noticed the area, but did not bother to check that it is around Jackson, thanks.
Apparently WY is 11X the area of NJ and is also bigger than UK-I did not know these factoids beforehand.
https://www.nationsonline.org/oneworld/map/USA/wyoming_map.htm
Maybe "aliens" around the "Devils Tower" have all that money
...most likely just wealthy ranchers, though.
https://www.youtube.com/watch?v=bQE_zNs5HOU
June 15, 2024, 08:46:51 AM
I moved the income slider all the way to the right and overlayed some national parks 'n stuff - legend below (I think the colours were preserved... didn't want to spend too much time on it)
June 15, 2024, 08:01:14 AM
June 15, 2024, 07:31:07 AM
OT: Check out a cool map of US housing affordability. Move the slider to whatever your number is
https://www.nbcnews.com/data-graphics/map-where-can-you-afford-a-home-in-the-united-states-rcna155286
The median household income in US is $77397.
The whole west coast+Florida coast+ Tristate area (NY, NJ, CT)+ the rest of the North-east coast are unaffordable for at least 50% of the populace.
https://www.nbcnews.com/data-graphics/map-where-can-you-afford-a-home-in-the-united-states-rcna155286
The median household income in US is $77397.
The whole west coast+Florida coast+ Tristate area (NY, NJ, CT)+ the rest of the North-east coast are unaffordable for at least 50% of the populace.
Slide all the way to the right, notice that the largest area that still priced out, is the Jackson Hole. Go search the photos around this area, the views are like they are from Switzerland.
I noticed the area, but did not bother to check that it is around Jackson, thanks.
Apparently WY is 11X the area of NJ and is also bigger than UK-I did not know these factoids beforehand.
https://www.nationsonline.org/oneworld/map/USA/wyoming_map.htm
Maybe "aliens" around the "Devils Tower" have all that money
...most likely just wealthy ranchers, though.
What's up with West Virginia? I heard it was almost heaven and yet there's no data?
June 15, 2024, 07:24:26 AM
Willy Woo
@woonomic
We are now in the modern age of BTC.
Paper BTC has flooded the market since 2017.
Futures markets.
If you want to buy BTC, it used to be you had to buy real BTC.
You can now buy paper BTC. Thus a no-coiner can sell you that paper.
Together you have made a synthetic BTC.
https://x.com/woonomic/status/1801727014535053376
That's what these futures were all about: "Taming" Bitcoin.
There's no free lunch for coiners, thanks to the wall street party poopers
June 15, 2024, 07:01:18 AM
June 15, 2024, 06:09:32 AM
Willy Woo
@woonomic
We are now in the modern age of BTC.
Paper BTC has flooded the market since 2017.
Futures markets.
If you want to buy BTC, it used to be you had to buy real BTC.
You can now buy paper BTC. Thus a no-coiner can sell you that paper.
Together you have made a synthetic BTC.
https://x.com/woonomic/status/1801727014535053376
Willy Woo
@woonomic
That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet.
https://x.com/woonomic/status/1801727016586383618
This is all true, but if (when!) you want to issue more ETF shares, you do need the "underlying" - that is, the real thing, or King Daddy as someone says.
In other words: if ETF shares are just changing hands, this may not move the underlying price directly at all. But if new shares are issued, the institution creating a new synthetic (piece of) BTC needs an equivalent real piece.
People look at ETF in/outflows because when big corporations, pension funds, or sovereign states look for BTC ETFs to add to their balance sheets or treasuries, there is no escaping from someone - even if maybe not them directly - having to go shopping for some authentic corn. Not paper, no photos, no IOU. Real, hard bitcoin. Wait and see.
June 15, 2024, 06:01:16 AM
June 15, 2024, 05:01:15 AM
June 15, 2024, 04:01:17 AM
June 15, 2024, 03:43:22 AM
Willy Woo
@woonomic
ETFs are buying...
Institutions are buying...
Who the hell is selling?
2024 brought a mass of commentators looking at ETFs flows, as if that's all that matters.
What matters is total demand and supply.
Here's a 101 thread on how the modern #Bitcoin market works.
https://x.com/woonomic/status/1801727009602646427
Willy Woo
@woonomic
First, let me tell you who is selling.
The OGs. They are selling
They have more BTC than all the ETFs put together... 10x more.
And they sell into every bull market.
This pattern is as old as the genesis block.
Chart below: the age x amount of coins being sold.
https://x.com/woonomic/status/1801727011871957115
Willy Woo
@woonomic
We are now in the modern age of BTC.
Paper BTC has flooded the market since 2017.
Futures markets.
If you want to buy BTC, it used to be you had to buy real BTC.
You can now buy paper BTC. Thus a no-coiner can sell you that paper.
Together you have made a synthetic BTC.
https://x.com/woonomic/status/1801727014535053376
Willy Woo
@woonomic
That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet.
https://x.com/woonomic/status/1801727016586383618
Willy Woo
@woonomic
In the old days, BTC would go on an exponential run because the only sellers was a trickle from the OGs and an even smaller amount from miners with their newly mined coins.
Today the magic of paper BTC is what you want to watch.
https://x.com/woonomic/status/1801727018364461294?s=46
Willy Woo
@woonomic
The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell.
In this current bull, I have marked where paper increased, these were times when price didn't rally.
We are in one of these right now.
The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell.
In this current bull, I have marked where paper increased, these were times when price didn't rally.
We are in one of these right now.
https://x.com/woonomic/status/1801727020562350494
Willy Woo
@woonomic
So... not a great idea to look solely at ETF buying.
On-chain data... derivatives data... technical price action...
All of these add to the demand and supply picture.
Putting it together is an art, not a quantifiable science.
Everyone is just making educated guesses.
https://x.com/woonomic/status/1801727022768468255
@woonomic
ETFs are buying...
Institutions are buying...
Who the hell is selling?
2024 brought a mass of commentators looking at ETFs flows, as if that's all that matters.
What matters is total demand and supply.
Here's a 101 thread on how the modern #Bitcoin market works.
https://x.com/woonomic/status/1801727009602646427
Willy Woo
@woonomic
First, let me tell you who is selling.
The OGs. They are selling
They have more BTC than all the ETFs put together... 10x more.
And they sell into every bull market.
This pattern is as old as the genesis block.
Chart below: the age x amount of coins being sold.
https://x.com/woonomic/status/1801727011871957115
Willy Woo
@woonomic
We are now in the modern age of BTC.
Paper BTC has flooded the market since 2017.
Futures markets.
If you want to buy BTC, it used to be you had to buy real BTC.
You can now buy paper BTC. Thus a no-coiner can sell you that paper.
Together you have made a synthetic BTC.
https://x.com/woonomic/status/1801727014535053376
Willy Woo
@woonomic
That would-be demand for BTC gets diverted to paper BTC, fulfilled by counter traders who have no BTC to sell, they just have USD to back their bet.
https://x.com/woonomic/status/1801727016586383618
Willy Woo
@woonomic
In the old days, BTC would go on an exponential run because the only sellers was a trickle from the OGs and an even smaller amount from miners with their newly mined coins.
Today the magic of paper BTC is what you want to watch.
https://x.com/woonomic/status/1801727018364461294?s=46
Willy Woo
@woonomic
The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell.
In this current bull, I have marked where paper increased, these were times when price didn't rally.
We are in one of these right now.
The 2022 bear market was dictated by a flood of paper BTC when spot holders didn't really sell.
In this current bull, I have marked where paper increased, these were times when price didn't rally.
We are in one of these right now.
https://x.com/woonomic/status/1801727020562350494
Willy Woo
@woonomic
So... not a great idea to look solely at ETF buying.
On-chain data... derivatives data... technical price action...
All of these add to the demand and supply picture.
Putting it together is an art, not a quantifiable science.
Everyone is just making educated guesses.
https://x.com/woonomic/status/1801727022768468255
June 15, 2024, 03:01:15 AM
June 15, 2024, 02:01:15 AM
June 15, 2024, 01:01:17 AM
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