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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 01/02/2025, 14:19:30 UTC

Bro you are a delusional  convicted felon rapist Trump toadie.

Beating police officers with poles and spraying them with bear spray on video is not  an "escorted walk through the Capital"

The delusional flip floppers on the WO really need to STFU.

Yeah, you guys know who you are...the ones who about 4 years ago that were quoted as saying "Down with the MFG police!" and "Defund the corrupt police!" when they were supposedly using "overly aggressive force" to control rioters during the Summer of Love. (I guess as long as it supports your deranged ideology, it's all good huh?)

Don't make me go back and find your incriminating WO posts.  Roll Eyes

Just kindly STFU.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 29/01/2025, 14:37:11 UTC

The Fed:

Let's just hold rates here until June or so, the economy is doing great! Best Evar!

The Economy:

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 28/01/2025, 17:14:36 UTC
⭐ Merited by El duderino_ (1) ,machasm (1) ,JayJuanGee (1)

Well, damn.

It was good while it lasted.



Never forget what this asshat was saying about Bitcoin a decade ago.

Never. Fkn. Forget. He doesn't know shit about shit, and he never will.

https://www.youtube.com/watch?v=2kEySHOd4JU
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 26/01/2025, 21:36:45 UTC
⭐ Merited by xhomerx10 (1) ,JayJuanGee (1)

+1
Did this in the past already. The term is a good fit.

EDIT: I almost couldn't believe what i just saw on Twatter:

https://x.com/rogerkver/status/1883521344341750175

Mr. self-expelled "Bitcoin Jesus" pleading for Trump's help as a "real american".
I should call him "Chameleon Jesus" from now on  Cheesy

I don't ever want to see anyone go to prison for non-violent crimes.  Especially another Bitcoiner was so instrumental in Bitcoin's early rise.  It's easy for people to pile on Roger now, but he was an early asset to Bitcoin at a time when it could have easily failed.  Don't get caught up in a narrative.  Roger is a real person who did what he thought was best and open source projects are meant to be forked when disagreements happen.  It's crazy to me that even after the horrible fall flat on your face failure of the lightning network, people are still mad at Roger and not Blockstream.  This is why governments censor.  It works.

All that being said, this is damning:
https://x.com/elonmusk/status/1883408063694254415

Outside of and regardless of the fact that he became "Bitcoin Judas" and waged war directly against Bitcoin...

...lemme get this straight, a guy that has supposedly $7.5B in bitcoin doesn't knowingly and properly pay his U.S. Federal taxes, and you want us to feel sorry for him?

GTFO
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 25/01/2025, 21:48:56 UTC
⭐ Merited by JayJuanGee (1)

Ripple has been a grift from day one. Mind you, that's most shitcoins. Ripple is one of the most, if not the most pernicious though.


Ripple is a corp-coin premined scam, and always was.

--but--

Even if a shitcoin wasn't pre-mined, is POW, and it's devs have/had good intentions, that still doesn't make it NOT completely redundant to Bitcoin. Thus in my mind, everything else other than Bitcoin is a shitcoin.

All these 10 Million+ shitcoins vying for #2, #3, or "# insert position here" is both redundant and irrelevant to Bitcoin's long term purpose.

Since "Bitcoin Maximalist" has become this weird derogatory phrase that's thrown around to discredit/undermine/shame those that are Bitcoiners only, I say we adopt the phrase "Shitcoin Apologist" to label the other camp.

I'm getting sick of the bullshit. #sorrynotsorry


please your argument has been slain by the musky trumpeter. doge is easliy a-different pow with a distinct difference from btc.

you can pout you can yell and scream but doge has a fixed decreasing rate of inflation which is different than btc’s fixed amount of coins

if you simply accept that and push for btc+doge bsr we move onto a solid well backed by asic gear pow bsr setup.

or wait and hodl your btc and hope it all passes in four years.

Who's pouting, yelling, or screaming? If anything, I'm just chuckling every time you like to jump to DOGE coin's defense.

I could care less what "attributes" DOGE has. It's a meme coin, FFS. One with a goofy dog mascot's face on it. That also happens to trade like a pump and dump penny stock scam. It's completely irrelevant to the world. No one in the business world takes it seriously, in fact they never did. No amount of wishing is ever going to change that.

I mean no offense, if you like mining it for profit, then great for you. But that's about all it would be good for.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 25/01/2025, 21:17:46 UTC
⭐ Merited by JimboToronto (2) ,JayJuanGee (1) ,d_eddie (1)

Ripple has been a grift from day one. Mind you, that's most shitcoins. Ripple is one of the most, if not the most pernicious though.


Ripple is a corp-coin premined scam, and always was.

--but--

Even if a shitcoin wasn't pre-mined, is POW, and it's devs have/had good intentions, that still doesn't make it NOT completely redundant to Bitcoin. Thus in my mind, everything else other than Bitcoin is a shitcoin.

All these 10 Million+ shitcoins vying for #2 or #3 "position" is both redundant and irrelevant to Bitcoin's long term purpose.

Since "Bitcoin Maximalist" has become this weird derogatory phrase that's thrown around to discredit/undermine/shame those that are Bitcoiners only, I say we adopt the phrase "Shitcoin Apologist" to label the other camp. I'm getting sick of the bullshit. #sorrynotsorry


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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 23/01/2025, 02:57:41 UTC
⭐ Merited by JayJuanGee (1) ,vapourminer (1)

His confiscated coins are legally, officially, lost (to him) forever.
The issue is: has he got some secret stash somewhere? Does he still hold the keys to it?
A Coinbase snoop is suggesting he located some coins that may be old Silk Road treasure.
It still remains to be seen if it's like he says - and if Ross manages to lay hands on them.
If I were Ross, I would only attempt that when safely far from the USA.


If I had to bet... There is a higher than 50% probability that he has some coins "here and there". And what was once considered "peanuts", more so by someone who was making millions of $ at the time, can have an astronomical value nowadays.

Maybe he could have some "anonymous" donations sent to him... but surely the origin of those coins would be very well scrutinized. Also I am not so sure it is so easy to be "safely far from the USA" (See Roger Ver and the "exit tax") but....

Doesn't the pardon apply to every and all things related to his case? If that was the case (I don't know) maybe he would just need to "produce" them now (or as he is gradually able to remember how to recover control of those coins) and pay his share of taxes and call it a day?

If they haven't already seized his coins from before the conviction, I'm sure they can still go after his stash, anywhere in the world:

https://www.zerohedge.com/political/no-free-pass-unintended-consequences-presidential-pardons

Quote
But even if those pardoned avoid criminal charges, the U.S. government has robust mechanisms for recovering money or property obtained through illegal activities, such as bribery or fraud. These include civil remedies like claims of unjust enrichment, which allow the government or private parties to argue that an individual improperly benefited from unlawful actions and demand repayment.

For instance, under the legal doctrine of unjust enrichment, courts can compel individuals to repay funds acquired through unlawful means, ensuring that financial accountability can still be pursued despite the absence of criminal penalties.

Another potent tool at the government’s disposal is civil asset forfeiture. Unlike criminal forfeiture, which requires a criminal conviction, civil forfeiture targets the assets themselves rather than the individual. Moreover, unlike criminal law, where the government must prove its case “beyond a reasonable doubt,” civil forfeiture requires only a “preponderance of the evidence” to establish that the assets are connected to illegal activity. As a result, even individuals who have been pardoned can still have their assets seized if they are linked to the offences for which they were pardoned.

Civil forfeiture has been used extensively in cases involving bribery, fraud, and other financial crimes. For instance, if an individual received bribes to secure a government contract, the funds or property obtained through those bribes could be subject to forfeiture, even if the individual is no longer criminally liable.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 22/01/2025, 02:35:56 UTC
⭐ Merited by d_eddie (1)

Thanks for your reply, Torque.

It seems that each time Michael Saylor announces his latest purchase of bitcoin, the price dumps. This is conterintuitive, but one explanation is that after the announcements, the bears feel safe to short since there's going to be no huge MSTR buying pressure for a few days.

I think the real answer to this question is buried at the end of this article:

https://www.cnbc.com/2025/01/21/david-einhorn-says-we-have-reached-the-fartcoin-stage-of-the-market-cycle.html

Quote
Shorting leveraged bitcoin ETFs

Greenlight took advantage of the craziness around crypto during the fourth quarter by betting against some popular ETFs linked indirectly to bitcoin.

The two funds the firm focused on were the T-Rex 2X Long MSTR Daily Target ETF (MSTU) and the Defiance Daily Target 2X Long MSTR ETF (MSTX). Those funds use derivatives to try to achieve two-times the daily returns of MicroStrategy,

a software company that has turned itself into a bitcoin treasury vehicle in recent years.

The funds have at times struggled to achieve that goal due to MicroStrategy’s volatility and little supply of the derivatives most easily used to get the leveraged returns.

The letter said Greenlight took short positions against those funds during the quarter, partially offset by owning MicroStrategy stock in an arbitrage trade that was a “material winner.”

TL/DR - So shorting MSTR Long 2X ETFs while owing MSTR stock, an arbitrage play.

Do these 2x ETFs track bitcoin or something else? Do Greenlight add on top of their short after MSTR buys, or is that an automatic effect of the makeup of the ETFs? I honestly don't understand the mechanism hinted at by the article.

I believe the two ETFs track the MSTR stock index, but at 2X leveraged. It sounds like Greenlight was shorting them, partially hedged by owning MSTR stock directly as well. Someone correct me if I'm wrong, but I'm assuming was the arbitrage trade was taking advantage of the volatility swings in price gap between the two.

The process of maintaining and rebalancing a leveraged ETF fund sounds complicated and quite the headache, with transaction costs that can eat into the investor's returns.

Here's an article that explains it in more detail:

https://www.investopedia.com/articles/exchangetradedfunds/07/leveraged-etf.asp

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 21/01/2025, 19:40:10 UTC
⭐ Merited by coolcoinz (1)

It seems that each time Michael Saylor announces his latest purchase of bitcoin, the price dumps. This is conterintuitive, but one explanation is that after the announcements, the bears feel safe to short since there's going to be no huge MSTR buying pressure for a few days.

I think the real answer to this question is buried at the end of this article:

https://www.cnbc.com/2025/01/21/david-einhorn-says-we-have-reached-the-fartcoin-stage-of-the-market-cycle.html

Quote
Shorting leveraged bitcoin ETFs

Greenlight took advantage of the craziness around crypto during the fourth quarter by betting against some popular ETFs linked indirectly to bitcoin.

The two funds the firm focused on were the T-Rex 2X Long MSTR Daily Target ETF (MSTU) and the Defiance Daily Target 2X Long MSTR ETF (MSTX). Those funds use derivatives to try to achieve two-times the daily returns of MicroStrategy,

a software company that has turned itself into a bitcoin treasury vehicle in recent years.

The funds have at times struggled to achieve that goal due to MicroStrategy’s volatility and little supply of the derivatives most easily used to get the leveraged returns.

The letter said Greenlight took short positions against those funds during the quarter, partially offset by owning MicroStrategy stock in an arbitrage trade that was a “material winner.”

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 20/01/2025, 14:02:59 UTC
⭐ Merited by xhomerx10 (1)

If Anthony Fauci did nothing wrong, and didn't break the law, then why would he need to be preemptively pardoned?


Asking for a friend.  Roll Eyes
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 17/01/2025, 18:44:58 UTC
⭐ Merited by El duderino_ (9) ,BlackHatCoiner (4) ,JayJuanGee (1)

I just want to quote this legendary post from a user of the first WO page.

I'm quite surprised to see that there are so many people here worried about the recent rise in price. Of course, there has been an increase of 50% in just a few months, but to be honest, I think the rate at which Bitcoins are increasing in price is still quite slow. It will go much faster in the nearby future. This may not happen for another few months or even years, but if Bitcoin survives, which I believe it will, there will be a price explosion of epic proportions.
 
Think of it: the total Bitcoin market is somewhere north of 200 million USD, divided over almost 11 million BTC. From the Ron/Shamir paper we know that around 7 million BTC never move. That means that the total amount of fiat invested in Bitcoin is well below 100 million USD. In every possible scenario where Bitcoins are known to the general public, the total amount of money invested will be in the billions. The online gambling market had a turnover of 21 billion in 2008, according to Wikipedia. The online shopping market is at least tenfold that number, as is the amount of money people wire through Western Union and the like. And think of the money which could flow in the system once the drug cartels, hedge funds and tax evaders find out about it.

Although Bitcoin is still very young, it has survived to the point where there is enough wealth in the system that people will go to great lengths in order to repair or save it, once it will be struck by some disaster. This could either be an internal threat, such as scalability issues, or an external threat such as legal issues. In any case, Bitcoin will survive, simply because it has proven itself to work. Alternative currencies are irrelevant at this point, because any enhancement they might offer can and will be implemented by Bitcoin if there is even the slightest threat to it. The network effect will make sure Bitcoin won't allow contenders on the block. Whether you like it or not, Pandora's box has been opened and not even Satoshi himself will be able to close it.
 
When we look at Bitcoin in terms of expected value, the odds are thus astronomical. The only reason Bitcoins don't trade for 100k USD right now is because most people either haven't found out about it or don't understand it yet. When they do, there will be a rush from people afraid of missing the boat. Remember that never before in the history of mankind a new currency came on the market so suddenly and right there for everyone to pick up for a bargain. Once the banks and governments of this world find this out, there will be a race to get in on it as fast as possible. This will be the tipping point, where we can expect to see an exponential increase in value. As long as this point has not been reached, it is incredibly silly to worry over a few dollars in a few weeks.

Over a decade ago, I read a profound quote once from a prominent investor (can't remember who it was now), and it has stuck with me every since:

Quote
When you invest in what you believe in is a sure thing and hold it long term, when they day comes that it realizes it's full potential, you won't be saying to yourself "Hooray, it did it!", you'll be saying "Damn, what took it so long?"
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 13/01/2025, 17:21:11 UTC
⭐ Merited by goldkingcoiner (1)

Just spoke to my old boss, they still have my job available. Looks like it’s back to the Mcdonalds drive thru for LFC_Bitcoin.

This Bitcoin stuff was fun whilst it lasted.





Hey can you put in a good word for the rest of us? Ever since Bitcoin went down from 100k, we've been eating acorns ffs.

He'll put in a good word with the boss for ya. I've heard that he recently fixed the ice cream machine, so that's something.

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 06/01/2025, 23:11:56 UTC
⭐ Merited by El duderino_ (10)

I wake up to a $100,000 Bitcoin price and Justin Trudeau resigning?!?! What an amazing morning already! Canadians finally have a reason to be happy about something! So glad to see the tide turning in the world. I have such high expectations for this year. If we get close to them I think we’ll all be extremely pleased.

 Yeah I was happy until I found out Trudeau prorogued parliament until March 24th which prevents a non-confidence vote on his leadership which would have happened soon.  These bastards never want to leave once they taste power no matter how unpopular they become.

edit: On a brighter note, they never did get their budget passed that increases the inclusion rate on cap gains to 66.67% up from 50%.  Hopefully that dies along with his gov't.

Amen. Poilievre has already stated his opposition to high capital gains taxes. Too bad it won't be until after the tax filing deadline on April 30 before he can win the election and do something about it.

I just paid off the last of my capital gains tax arrears today after 4 years of paying compound interest trying to avoid gutting my Bitcoin stash. Bought the dollars this morning when Bitcoin was at its peak. Indeed it has been a great day so far.

Talking to the taxman assigned to my case, he agreed that taxing capital gains on Bitcoin is like taxing foreign exchange.

Let's hope Poilievre is as serious about lowering capital gains taxes as he is about ending "carbon" taxes.

The more I read about Pierre Poilievre and his stances and policies, the more I'm loving the sound of that guy. And especially the "wacko prime minister" comment, lol.

I really hope you guys can elect him as your next PM.

Also, congrats on paying off your cap gains taxes, that's awesome.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 03/01/2025, 17:22:01 UTC
⭐ Merited by El duderino_ (10) ,vapourminer (1)

I can really feel this coming back soon.... ugh.



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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 02/01/2025, 19:56:14 UTC
⭐ Merited by OutOfMemory (2) ,vapourminer (1)

Salted grass fed butter, other dairy stuff and eggs keep you alive and induces/maintains ketosis.
There's just the little problem that muscle needs carbs to be build, and there you are challenged to find the most tolerable form of carbohydrates for yourself.
It hasn't to be much, but a few calories before you get to physical work - preferably in the form of green vegetables (including potatoes). Ditch fruits, they are almost poison for a perfectly working metabolism. You could mix in coffee, which acts as an insuline moderator. It does produce an initial blood sugar spike in healty people when consumed with carbs, however. If you didn't already do so, there's a bit to reseearch about coffee and its effects on insuline in various combinations, but it may be of some value for you.

I agree generally with what you say here, but the bolded part I'm going to have to vehemently disagree with.

That is a myth continually perpetuated by the media.

As long as you stick with fruits that are low on the glycemic index, and stay away from consuming both high glycemic fruits and dried fruits on a regular basis, you are good to go.

I get probably 80-85% of my daily carb intake from low glycemic fruits (in the form of protein shakes twice daily, berries mostly mix with full fat milk), and the other 15-20% from vegetables (broccoli, cauliflower, asparagus, carrots, peppers, etc). Some days it's more like 95% fruit as carbs. I'm probably right around 50-60 grams carbs on average daily. I don't eat any other forms of carbs during the year, except for maybe a once or twice a year slice of pizza or sushi as a special event/treat. I don't drink any alcohol, not any more, period.

At 55 years old, I'm shredded with extremely low body fat. In fact my metabolism has never been higher or better (well, since early college days anyway).

So fruits as poison? Kill metabolism? Complete media BS.

Thanks for pointing me at this. First, the bolded sentence is biased, because i'm fructose intolerant, second it was meant for the scope of diabetic individuals.
It's indeed the glycemic index that makes the difference.
What i was meaning: Mainly fruit you get at the supermarkets, high sugar, low tannines -type of variants. "Designer apples", if you want to call them this way...

Personally, i'd ditch the protein shake powder (if you're using these readymade ones) for shakes with dried egg white.
I used to use Soy isolate, but those need to be highly chemically processed to get rid of the fats contained in Soy (and other fatty protein sources).

I decided against posting a body pic of mine, because of tattoos (OpSec), but i'm slightly younger and similar shaped. So both of us are doing something right when it comes to fitness and aging  Grin Cool


Gotcha, understood. We agree on the high glycemic fruits being not great. I never eat those throughout the year (i.e. things like melon, papaya, pineapple, grapes. Bananas only an occasional small piece in my protein shake, never a whole one).

I eat plenty of eggs, boiled mostly, but sometimes omelettes or scrambled. Plenty of dairy, organic whole milk, cheese, plain greek yogurt, and organic kefir.

I avoid any ready-made or off-the-shelf protein shakes, because they are all low quality protein with low bio-availability and loaded with high fructose corn syrup and other garbage.

Only use high-quality protein powder for my shakes, either 100% whey or a casein/whey blend with no crap added. My current favorite go-to for Whey protein powder is Pure Choice Farms. It's awesome. A bit expensive, but their powder only has literally like 3 ingredients and that's it.

Understood about the body pic. I really hate posting any selfies for OpSec reasons and because I think it can come off as egotistical, boasting or something. But when it comes to discussions about health/nutrition and fitness on the internet, I want to back it up with some actual personal experience and evidence, because so many professed "health and fitness experts" on the internet don't.






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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 01/01/2025, 12:50:15 UTC

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 31/12/2024, 15:46:32 UTC
⭐ Merited by El duderino_ (20)


my typical breakfast was the

greek yogurt
 a teaspoon of the powdered cinnamon stir it in the plain yogurt looks like it is chocolate color.

then drop some nuts say walnuts or almonds or brazil .

this is a very high protein high fat meal with very little carbs.

you can vary it with a few blueberries or a small banana.

I could list what fruits work for me, but you could be different as body chemistry matter.

Bad fruit for me:

Oranges
Grapes
Raisins.

Good fruit.

Blueberries
Strawberries
Banana
Apples
Pears .

Worst foods.

 Bread
Pasta
cereals.

As for a1c I was 12.1 when discovered which is basically dude you are dying do something.

With my a1c in the 5.3 to 6.3 range itmis much much much better.

Salted grass fed butter, other dairy stuff and eggs keep you alive and induces/maintains ketosis.
There's just the little problem that muscle needs carbs to be build, and there you are challenged to find the most tolerable form of carbohydrates for yourself.
It hasn't to be much, but a few calories before you get to physical work - preferably in the form of green vegetables (including potatoes). Ditch fruits, they are almost poison for a perfectly working metabolism. You could mix in coffee, which acts as an insuline moderator. It does produce an initial blood sugar spike in healty people when consumed with carbs, however. If you didn't already do so, there's a bit to reseearch about coffee and its effects on insuline in various combinations, but it may be of some value for you.

I agree generally with what you say here, but the bolded part I'm going to have to vehemently disagree with.

That is a myth continually perpetuated by the media.

As long as you stick with fruits that are low on the glycemic index, and stay away from consuming both high glycemic fruits and dried fruits on a regular basis, you are good to go.

I get probably 80-85% of my daily carb intake from low glycemic fruits (in the form of protein shakes, berries mostly), and the other 15-20% from vegetables. I'm probably right around 60 grams carbs on average daily. I don't eat any other forms of carbs during the year, except for maybe a once or twice a year slice of pizza or sushi. I don't drink any alcohol, not any more, period.

At 55 years old, I'm shredded with extremely low body fat. In fact my metabolism has never been higher or better.

So fruits as poison? Complete BS.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 27/12/2024, 19:10:59 UTC

If any of you guys hold Tesla stock you better get out while the getting's good.

Even if elon sucking up doesn't gets them a a bailout the stock is gonna tank.

Literally shit starting to hit the fan now that hertz is dumping 2023's for under 18k. LOL

Another company Elon ran into the ground!  That guys gonna be broke when his government welfare checks stop!

I don't own an Tesla stock, but...

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 25/12/2024, 14:48:56 UTC
⭐ Merited by vapourminer (1)

Santa should have known that the folks in New Jersey are a little edgy about all the drones...

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 19/12/2024, 00:15:16 UTC

It's funny how we getting this shoots and haven't gotten to December yet

TBH I wouldn't get too excited about December.

Yeah we may cross $100K to the upside, but...

...the end of the year has been notoriously not great for bitcoin's price, as traders sell off assets for tax purposes.

Usually starts anywhere from end of November to second or third week of December.

So I expect it to drift down somewhat then.


Not trying to be a Debbie Downer, just keeping it real.

In the meantime, enjoy!