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

[xhomerx10]

Rip

Hulk Hogan


https://en.wikipedia.org/wiki/Hulk_Hogan

Why? Was he your relative 
I do not understand the relevance of this shit post.

 Are you kidding us right now?  Hulkster called everybody "brother", brother.  Clearly they were brothers.... brothers from other mothers.

[philipma1957]

Buddy be dropping 119k over and over and over again.

[Biodom]

Saylor ups the new preferred offering from 500mil to 2 bil.
https://finance.yahoo.com/news/michael-saylors-strategy-boosts-latest-164859138.html

Not bad  

EDIT a 17K bitcoin buy shortly thereafter...why wait?  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Rip

Hulk Hogan


https://en.wikipedia.org/wiki/Hulk_Hogan

Not really a fan Apparently he was a Rat, but these things always come in three's so who's next ?

https://i.imgur.com/JQWrfPx.mp4

Only Two Wrestlers I liked from back then.







I like the Rock in Doom but he's from a different ime.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Rip

Hulk Hogan


https://en.wikipedia.org/wiki/Hulk_Hogan

Not really a fan Apparently he was a Rat, but these things always come in three's so who's next ?

https://i.imgur.com/JQWrfPx.mp4

Only Two Wrestlers I liked from back then.







I like the Rock in Doom but he's from a different ime.

Some say

 Hulk
Ozzie
Theo

Make the 3

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Some say

 Hulk
Ozzie
Theo

Make the 3

You think?

Not sure a kid from a TV show really rates in comparison to Ozzy and Hulk Hogan?

Like I said, I'm not a HH fan but I won't deny he was a world wide star.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

The issue at this point, I think, is that liquidity is pulling both ways. There are fat juicy clusters of bids/asks at 113k-115k and 120k+, respectively. Market wants to chomp chomp it all. Which way? Or, possibly, which way first? If I were Market, I'd go for down first, because if I chomp the upper mouthful first, the lower one might vanish. Not the other way round, I suppose (well - being a near-permabull and all).

People seem to like to say down before up, since it seems so logical, and sure, frequently bitcoin cooperates, yet if we zoom out, bitcoin looks like nearly a straight uppity line, so it can be dangerous to rely in any meaningful way on down before up.

My next buy order is $115k-ish and then they are largely in increments of every $3,500-ish down.. My next sell order is $124.5k-ish.. so that one barely got missed (by about $1.2k).. which would have caused a buy order at $120k-ish since my buy order increments will start to be every $5k-ish.. so the larger gaps mean less action.. and/or less need for my involvement.  there is a transitioning period.. just like we get the sense that the choppers gaps are currently feeling "too big."

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Why would you want to get a loan in paper bitcoin, though?

I don't But I can imagine bankers coming up with this scenario for profit.

Why not take a loan in paper dollars, and use them to buy bitcoin?  This way, you don't have counterparty risk (bank going bankrupt, or practicing fractional reserve with no reserves), while you do borrow the bitcoin.  You're also increasing the supply of dollars, while decreasing the market supply of bitcoin, driving the price up.

I wouldn't invest borrowed money, but I'm risk-averse when it comes to debt.

I wouldn't have the balls, but got a friend who took on a huge loan (about 3x his annual income) and bought BTC @60k.

he is able pay back the full loan + interest with his income over the years while his BTC stash gains value against the fiat he borrowed.

If he looses his job... too bad, his BTC are already on some addresses nobody has access to apart from him.

I really consider it a smart move without too much risk...

I shamefully took out a loan against my Bitcoin using Coinbase. I wanted to test it out and see how it worked. I decided to buy Solana with it to try out a carry trade since the rates were cooperating. This was a few months ago when SOL was scraping bottom. I’m currently up about $20,000 and have begun paying off the loan. I’ll probably leave the profits staked forever similarly to what I did with ETH after the Hex airdrop… Free passive income forever is cool. As to not completely leave Bitcoin behind from this trade (you can breathe now), I did put some of the profits into a wBTC/SPYx liquidity pool, so I’m also passively earning wrapped Bitcoin as well. All without ever selling a single satoshi.

I mean everybody surely has some play money..

You did quite well with it. Congrats!

Didn't understand: You staked ETH with that Hex airdop money right?


Also I don't know much about the liquidity pools, I guess that is a NYKNYC kinda situation?

[Gachapin]

What hash rate and electrical use will bitcoin be using at 1 million evaluation?

how much money, energy and lives are used to secure humanity's wealth?

 Life is energy; energy is life.  The more the merrier.

since he wrote about it I mainly meant electric energy... to be exact, life is also electric energy but not every electrical energy is life...

[Gachapin]

People will do loans more and more, but when i look, the terms are still horrendous, so I still stick to cash and don't do anything fancy for now.

I'm quite conservative in that regard too.

But I find it fascinating that Bitcoin takes care of the horrendous terms (interest, duration) over time. You are letting race Bitcoin against Fiat.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Why would you want to get a loan in paper bitcoin, though?

I don't But I can imagine bankers coming up with this scenario for profit.

Why not take a loan in paper dollars, and use them to buy bitcoin?  This way, you don't have counterparty risk (bank going bankrupt, or practicing fractional reserve with no reserves), while you do borrow the bitcoin.  You're also increasing the supply of dollars, while decreasing the market supply of bitcoin, driving the price up.

I wouldn't invest borrowed money, but I'm risk-averse when it comes to debt.

I wouldn't have the balls, but got a friend who took on a huge loan (about 3x his annual income) and bought BTC @60k.
he is able pay back the full loan + interest with his income over the years while his BTC stash gains value against the fiat he borrowed.

If he looses his job... too bad, his BTC are already on some addresses nobody has access to apart from him.
I really consider it a smart move without too much risk...

Even though you provided some provocative details, I am still feeling that I am missing some important details.

I am presuming that your "friend" took the $60k loan some time in 2024 rather than in 2021?

3x annual income is a lot, so then his payments might have had partially depended on the length of the loan and the interest rate, and some loan require incremental payoff during the loan (such as a car payment or a house payment) and others only require minimal payment and a balloon payment at the end (such as credit card promotional loan dealios).

When the guy is in profits, such as right now with the BTC price being right around double the price at the time of the loan, it is looking like a quite great front loading situation, again presuming the loan originated in 2024 and so presuming that the loan had not yet been paid off, so the payoff might still be running until the loan is completely paid off.

If the loan originated in 2021 and if it was like 5 -6 years or more (like the kinds of loans that Saylor negotiated), then even that loan would have worked out o.k... even though there were better times to buy bitcoin both before and after 2021.

By the way, some consumer loans, such as new auto loans can be ridiculously low at the time of origin, and maybe have a 2% loan that has a 5 years duration or something like that.. but yeah, you have a depreciating car that likely is worth 1/2 as much as the purchase price after a couple of years, but yeah if you are getting cash maybe the next best one would be a home equity line of credit, but still those could be 5% or more, but they could be intended for home improvements, yet they might have liberal requirements if the person has a lot of equity in their home.  Personal loans might not be able to get under 6% or even under 5 years.. yet i know that there will  be regional variance with these kinds of matters.

Hey... why is friend in quotation marks??  It's a real friend...!! 

He bought in Feb 2024 at around 50k-60k

His loan is really longterm. 8 years or more. As long as Bitcoin increases by 30-40%, he is fine. And it already did that.
I think he will have done even better in 8 years from now.