Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 891. (Read 26714363 times)

It turned out (so far) that bitcoin did not care too much about "normies" thinking about it as a stock.
For normies, momentum is the only thesis to invest in btc ETF. I don't believe in the 'store of value' thesis for bitcoin for regular investors. Momentum...and that's it.
Maybe btc is losing an 'edge' because of all those ETF "instruments"?
I don't know and, imho, 2X-3X (from 73K) is still within a realm of possibilities (for the next 12-18 mo).

How is it known that there are no inflows? The table only shows the total sum of inflows and outflows. And if the inflows < outflows, then the numbers are red. 

Good morning Bitcoinland.

No Monday morning rise yet I see. In fact just the opposite. Ugh.

I need to liquidate $20kCAD and have the money in my bank (ugh) account today.

Tomorrow's the tax filing deadline and I wanted to make a payment on last year's arrears before filing.

A $2k dip per coin since yesterday is not what I hoped to see.

Oh well. Better luck next month... I hope.

Edit: Where's Buddy?

To be frank, since I became this knowledgeable about bitcoin I always love it when things like this happens since alot will sell and bitcoin price dip and I can get more when I buy from it while then these people will actually think they made the right choice until they miss the bull.
_{ps this is me in 2022 after the FTX crash} 

So last few trading days for the ETF are mostly outflows. Blackrock still not having any inflows at all.
Why the sudden stop in inflows to Blackrock?

is that why it's always green on Monday?

Except for today 😊

Who are those 'gnomes' who always mess up trading on Sunday nights?

i feel safer already

I am sure you understand the USA government quite well, you kanuck!!!

hahahahahaha

Of course, the USA government is an efficient machine with zero (or near zero) duplication of its efforts, just like you have described them to be.

In other words, there are no needs to worry.

They are not coming after anyone...

We're (referring to self-storing bitcoiners) all safe.  The righteous US Government officials are not going to unfairly target anyone.. ONLY targeting dee real and true wrong-doing criminals.

It’s a little weird but the negativity I feel in the market right now is what I needed to finally flip to being irrationally bullish. I think this is a great time to buy and plenty of people will sell to raise cash now with the current global economy, but those who stick with it and wait another year will be handsomely rewarded for their faith.

a classic ... like "people will die !!1!"



Remy: People Will Die!
https://www.youtube.com/watch?v=eXWhbUUE4ko

It's always political manipulations sold as criminal protection.

But what about the children!?!?!?

 Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:

https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0

There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

fixed it

Things you will never see happening in bitcoin:

Imagine the Federal Reserve accidentally printing 6.4 million pairs of $1 bills with identical serial numbers. Yup, that happened! Even wilder, both sets of bills are still valid, technically making it possible to "double spend" a unique serial number without breaking a sweat. Only in the world of fiat money, right?

In Bitcoin, that kind of mix-up is a no-go!

https://finance.yahoo.com/news/1-bill-could-worth-150-133000547.html

Bravo! This is the crucial part of the matter, indeed.

BTC sent to hashers is a product of block rewards and fees that might be paid by money launderers... Arguably miners are facilitating the money-laundered derived transactions.


Properly cited for view-ability which meant that I fixed your image by taking the spaces out of both of the sides of your "=" sign

-----   like cygan mentioned..


If you have reached a state of overaccumulation, then no problem shaving off a certain amount of satoshis every month, quarter, year or whatever might be your logistical and/or accounting timeline.

However, if you are in a state that you have accumulated enough but you have not quite got to a place where you feel that you have over accumulated, then maybe you either have to withdraw more slowly or wait somewhere later down the road to withdraw.

Of course, you seem to not think about bitcoin in the same ways as I do, so in that regard, you may well be looking more for tops in the sense of following raking methods (as the price goes up) rather than time-based withdrawals which may be monthly, quarterly and/or yearly but surely you could still adjust the size of your time-based withdrawals (upwardly or downwardly) based on relative height of BTC prices (relative to the 200-WMA, for example)


Even though a lot of folks are seeming depressed, I think that we still have some more uppity.. 12-18 months.. but yeah, there can be some stifling effect when the actual value propositions of bitcoin (self-custody) are seemingly ongoingly under attack and maybe moreso in recent times.

Long live the longs! Stay strong, part 2 of the bull is coming.

with [img width=400] you make your post visible for all of us

Somehow, the situation feels similar to the spring-summer of 2017: the whole space undergoes growth while being at a tremendous assault of external factors.
Nobody knows what will transpire-it is really a "give" and "take". In 2017 the situation resolved bullishly, resulting in 10-15X in just a few months.
It is not clear to me that we have a similar situation here, but a bullish resolution is possible.

Sun Tzu said “If you wait by the river long enough, the bodies of your enemies will float by.”
I guess, bitcoin just have to wait long enough...I just don't see how a geometrically increasing debt situation can be resolved in a positive fashion.
It might take a decade, though.

Unfortunately, I don't have an extra decade in which to contemplate this without taking action, so started my distribution out of the space to something both physical (renovations, RE projects) and spiritual (travel).
Did not start with bitcoin, of course, but I am no longer in the accumulation phase, generally speaking, after a decade or so.
Judging by 2017, I have a terrible timing for my sales...so whatever satoshis I will peel off this year-enjoy the discount when buying your stash!