Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by hisslyness (2)
I like making money while sleeping. 
I like making money in both states: Sleeping and Waking! Ah, sure it's fun to make money when you're sleeping but it's also fun to make money when you are waking. Waking money comes from trading, while sleeping money comes from investing. I think we need both of those if we want to earn money in both states!Fuck trading.
#nohomo
This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.
I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).
I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).
I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.
Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%
gold ETFs are a "highly regulated product" and they naked short sell the crap out of that all the time, no?
They are not legally allowed to create paper bitcoin, merely because it is cash-settled.
And last time I checked bitcoin is not the same as gold.
Actually bitcoin is likely in the neighborhood of 1,000x better than gold, even though it could take 50-200 years to play out. .in terms of bitcoin and gold coming to the something more approximating correct pairings, and right now bitcoin is about 1/20th the price of gold, so it seems that bitcoin is discounted right around 1/20,000th as compared to gold.. even though like I mentioned it could take 50-200 years for the market to actually accurately reflect such.
Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.
Fuck shitcoins.
You appear distracted.
Keep your eye on the prize, and you should not remain disappointed.
btc 19.5k dec 2017 44.1k dec 2023
edit :
google 53 dec 2017 140 dec 2023 that beats BTC
Facebook 176 dec 2017 350 dec 2023 just loses to btc
amazon 59 dec 2017 145 dec 2023 that beats BTC
Tesla 20 dec 2017 241 dec 2023 that beats BTC
Tesla is best dec 2017 to dec 2023
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Yes... and you too.
Keep your eye on the prize.
Don't get distracted too much.