Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 731. (Read 26583116 times)

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🚨 BREAKING: Japanese company Metaplanet has acquired an additional ~19.87 #BTC    for ¥200 million
here
As of May 10th, Metaplanet now holds ~117.72 #BTC   , equivalent to ~33% of its market cap

Sunrise coffee brews.
Watch Bitcoin rise, warmth imbues.
Morning haze, wealth stews..

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Cappucino, smile
Mood increasing A T M.
Under the Rome sun.

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@TheBitcoinTherapist
Everyone is calling you a moron right now for buying Bitcoin at $60K.

At $100K they’ll tell you to sell everything.

At $250K they’ll say you were lucky.

At $500K they’ll tell you it wasn’t fair.

At $1M they’ll ask if you want fries with that.
https://x.com/thebtctherapist/status/1789812702531010945


@ronin21btc
END THE FED

BUY #BITCOIN 

https://x.com/ronin21btc/status/1789766064957501631


@mistercrypto
It's over... #Bitcoin 

https://x.com/misterrcrypto/status/1789737306481471834?s=46

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I haven't thought about that, you are right. the dropping goes on for longer than the upwards movement.
you would win in the long run with betting on down rather than up.

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 Ha!  I don't think I'll ever bring up the Chicago Mercantile Exchange in polite conversation 
I should probably crash as well; I've had too many late nights in a row and I need all the beauty rest I can get.  Sure as heck when my head hits the pillow, the skies will clear and the aurora will spark back up with a vengeance.  C'est la vie.

Well, it looks like the latest CME arrival was only a glancing blow.   I would have been skunked here anyway - the clouds rolled in from the west and as I drove northward, it began to rain.  The aurora is very faint now in Maine @ ~46°N latitude, it's also faint in North Dakota at ~49°N latitude so I doubt even with clear, dark skies anything would have been visible here.  Every 1° of latitude represents about 69 miles (about 111 km).   Ah well, the theoretical solar maximum is still a year away so maybe there'll be another opportunity to see some auroras this far south in the coming months.  If those sun spots responsible for the recent CMEs persist, they should roll around the other side of the sun again in a couple of weeks.

I am not sure if I understand this, because there could be rules that say that you cannot bet more than one of the categories, but if you are going to hedge, you might bet within the same category.  Sometimes I get confused about a potential dilutive effect of hedging, but it might not necessarily be a problem, but still you might want to have some limits such as 2 bets per category per user per day.. or some variation of that.

And if someone loses his whole bank of fictional WO merits (maybe the WO merits should be called something else - like bet merits or WO bet merits?  - WO BMs, for short.. hahahahahaha.. if you know what BM might mean?), then maybe there could be a way to earn them back.. but you would not want them to be too easily available.. so maybe it could be something quite conservative, like the activity points.. 1 per day as long as your balance is lower than 100 or something like that... which would mean that the most you could earn back would be 100.. but then that might cause participants not to fear going to zero since they could just earn them back 1 WO merit at a time per day.. .. I don't know.. I am not that attached to the earn back idea.


No problem..  Here, I just added the date to my already "wise" projection of UP.

WOGame,JayJuanGee,updown,up,100.2024-05-13


Oh gawd, Biodom.. .    

Why do you have a tendency towards prematurity?  

I don't see how investment vehicles that cause more avenues to get into bitcoin is going to cause BTC prices to go up less  per year, especially when they are settled in BTC.. Now if they were settled in dollars, that would be another matter.  Yeah retail buyers have to use dollars to buy and sell BTC, but the ETFs have to back up those buys with actual BTC.. they cannot fake it..

Now if somehow the ETFs are faking the BTC that are backing up the shares that they are selling, then that might be a different story, but we do not have evidence of their faking the BTC perhaps beyond the delayed time in which they might have to make sure that they have the quantity of BTC that the shares reflect.. so sure there could be days involved with the making sure that they have the cornz that they claim to have, but it is not fractional reserve system, as far as I understand the situation to be.

Regarding your overall concern.  Did you realize that BTC prices do not just go straight up at all times?

Did you realize that if we use the March 13 ($73,794) top, then BTC prices went up nearly 5x since November 2022? and also nearly than 3x since October 2023?.. .

yeah, yeah, yeah, they corrected back down 23.5% to $56,500.. but even right now as I type this post, we are not at $56,500, we are at $61,111 which is around 8% higher than $56,500 and sure it is still around 17% lower than $73,794, but who cares?  You should already recognize and appreciate that these kinds of corrections are not unusual in bitcoinlandia, and surely we mayw well even consider BTC price actions to be quite ongoingly good since we have been having a lot of ongoing attacks on bitcoin self-custody and related hostilities, so the BTC price continues to do quite well in spite of these kinds of ongoing hostilities - which might cause some of us to hope that some of the attacks might cause some Streisand effects (but that might be too wishful in my own thinking?).

Haha, my brain was trying to figure out what you were trying to say about the Chicago Mercantile exchange!~ Lol

And it translated shot to short.

Time to crash.

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 Hey philipma1957, if you're still awake, I just saw the first flicker of life in the aurora over Maine - ~10:50 EST

 

 I figured the plasma from the 2nd last CME would be reaching earth around 11pm so while it seems to have faded after this shot, I think there should be a bit of a show tonight.  If you have a north view in an area free of ambient light, now would be a good time to take a peek.  I don't see anything where I am yet but the skies are clearer than last night so I'm going to drive north into a darker area and see what I can see.  Fingers crossed.  Good luck!

ETFs made bitcoin "boring" for now?
Is bitcoin now a 30-50% per year asset rather than 100-150%?
It's hardly a complaint, but I wonder if it really "changed".
I certainly do not feel that FOMO is out there, despite all the bullish fundamentals.