Quote from: Richy_T on Today at 08:40:44 PM

Quote from: OutOfMemory on Today at 08:25:38 PM

Did we just bounce off $110k flat? Shocked

Beautiful!

Not much of a bounce. Passed through from what I see.

I was at the some micro-timeframe view 1m or probably 3m. It bounced straight from $110k, to move around $110.5k only a few minutes before it went down further.
You can't see it on >15m charts.

Quote from: JayJuanGee on Today at 08:41:20 PM

Quote from: OutOfMemory on Today at 07:35:50 PM

Quote from: JayJuanGee on Today at 07:03:43 PM

Quote from: OutOfMemory on Today at 05:33:49 PM

Quote from: BTCETFInvestor on Today at 03:58:14 PM

[Edited out]

Quote

Don't trust, verify.

Imo, you can't be

Quote from: BTCETFInvestor

very pro Bitcoin

if you don't embrace this soul statement, which is one of the core aspects of the Bitcoin blockchain.

Many of us already know that owning Bitcoin ETFs is not the same as owning bitcoin, and sure there can be some legitimate reasons that guys might own bitcoin ETFs rather than owning bitcoin or perhaps to own both bitcoin and Bitcoin ETFs can also be acceptable in certain circumstances.

I won't completely bash folks (especially newbies) for owning bitcoin ETFs, yet I may well bash newbies and others for arguing that bitcoin etfs are the same thing or close enough to the same thing as owning bitcoin directly, when they are not.

There is a difference between owning price exposure to bitcoin and owning the underlying bitcoin directly, including that some folks hold their bitcoin on exchanges (or with other 3rd parties) which can be problematic depending on the relationship and perhaps how much of their bitcoin stash are held in those custodian relations, and sure sometimes there might be a role for price exposure and/or third party custody arrangements in certain contexts.. even though the actual power of bitcoin comes from holding it and transacting in it directly, which sure bitcoin might still have some power even when it is not held by individuals, yet bitcoin may well end up getting neutered quite a bit if it were to go down a path of having hardly any individual ownership.

Yes, i got you, and i can relate, mainly because ETF Bitcoin are actual coins held by custodians.
But when i would say i am "(very) pro Bitcoin" i would literally mean Bitcoin, not BTCETFs. But that's probably only my nitpicking me.
On the other hand, when one says things like "i am pro Gold" and actually "holds" paper gold at Robinhood and the likes, doesn't he make a bit a clown of himself?
Maybe i was a little ashamed of BTCETFInvestor's toxicity and tried to teach him too much from my Bitcoin-maximalist point of view?
Anyway, i decided to let go of discussing with him, his recent out-of-context replies were too much (or less than needed?) to go on with a meaningful debate.

Yes. I understand that the conversation had been devolving into more and more disjointedness.

See below: BTCETFInvestor said that he did not own any bitcoin, only shares in a spot Bitcoin ETF, which was part of the reason that he could potentially be more lackadaisical in regards to his personal OPSec.

Quote from: BTCETFInvestor on Today at 04:01:35 PM

Quote from: psycodad on Today at 03:55:04 PM

[edited out]

Not sure why it wasn't just accepted that I (like Philip) have the same attitude of not being "worried that much over a possible $5 wrench incident happening" to me as my personal assessment. I don't even own any BTC, I own many shares of spot Bitcoin ETF. Yet, I was put through the meat grinder and ridiculed for possibly revealing opsec sensitive info... Amazing!

Thanks, i obviously missed that.
Isn't "meat grinder" a term originating in russian army tactics? Hm, anyway, a little exaggerated, no?

Quote

Quote from: OutOfMemory on Today at 08:25:38 PM

Did we just bounce off $110k flat? Shocked

Beautiful!

Too early to proclaim it is (was) a bounce.

One of my oldest mistakes Grin

I am still getting lost in low-timeframe charts now and then.

Quote

Quote from: OutOfMemory on Today at 08:33:54 PM

Quote from: CheapYoutubeHits on Today at 08:29:45 PM

i hope we go lower,

aggr.trade going mad right now Grin

Hell of a lot of longs getting fucked today.

EDIT: Exactly 24h after yesterday's red 1h candle. Coincidence?

Leverage is a bitch.

This.