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

[Globb0]

That's a Nepalese flying donkey. It is in fact carrying the soldier who has just has his legs blown off by a landmine.

The highly intelligent flying donkeys helped people much in the way dolphins shielded people from sharks.

1958 Algerian war.. and donkey was dying from the starvation so soldier rescuing him.

Very interesting story indeed: https://www.snopes.com/fact-check/soldier-carrying-donkey/

Nineteen fifty-eight proved a very successful year for the Legion in another respect — it was awarded a Certificate of Merit for Distinguished Service by the American Society for the Prevention of Cruelty to Animals and a similar recognition from the RSPCA in London, after a legionnaire of the 13e DBLE [13th Demi-Brigade of the Foreign Legion] rescued a starving donkey and returned it to his base where, renamed Bambi, it served the unit as a mascot. Interest was pricked among the “Anglo-Saxons” after London’s Daily Mail carried a photo of the donkey being carried on the back of a legionnaire. Attempts to award the Certificate of Merit to the generous legionnaire foundered upon [his maintaining anonymity]. However, the Chief Secretary of the RSPCA was informed by the Legion that numerous mascots, “running from the bear to the lizard, passing through monkeys, sand foxes, storks and other birds, hedgehogs, without forgetting of course the multitude of dogs and cats [that] follow each unit in its movements. In certain [units], the number of animals is greater than the strength in manpower.” Especially gratifying was the knowledge that Bambi “at the present time is enjoying an enviable destiny and that he is sharing the life of our legionnaires and even … their beer.”

Would be great to see a picture of those animals following the units.

While the point of the mis-captioned picture is still true I think, it would carry a lot more weight if the story had been true. Thanks for sharing that, I guess I'm part of the fake news problem, lol.

[LFC_Bitcoin]

Chinese New Year in 2021 is the year of the Ox (effectively a bull, right!)

[bkbirge]

That's a Nepalese flying donkey. It is in fact carrying the soldier who has just has his legs blown off by a landmine.

The highly intelligent flying donkeys helped people much in the way dolphins shielded people from sharks.

I'm concerned that the donkey is not allowed to wonder. Seems a bit draconian in the mind control department.

[fillippone]

Crude was down to $14.95 15.10 ( 18% 17% after opening).
WTF?

I just checked the electricity rates proposals-funny, no change since 10-14 days ago.
Market pricing? LOL

EDIT:
I get that WO is mostly focused on bitcoin, but 18% change in a price of a major commodity that the whole world is running on in a DAY is completely staggering.
It is not a stock like freaking TSLA or NFLX. This has major implications (eventually) for everything.

WTI is 10.88$ now.
The delivery point is at Cushing (OK), and they are literally stocking OIL everywhere.
But don't get too excited about this, it's only a technical factor and the future curve is in a super contango.
This means spot prices are way lower than future prices, even accounting for increased Cost of carry etc.
In a little bit less Technical jargon this means that the WTI price you are looking at expires in 3 days. So in a couple of days you will see a WTI at 22 without anything changing.
So just ignore when someone will shout in a couple of days: WTI is up 10 USD!
Just don't expect your gas changing price for that.


You might find useful my thread on futures, with explanation of the "contango" curve.

[Torque]

hey guys

what was that link to those two old hoodlums jamming ass on the homebuilt synths a couple months ago?


nvm

https://www.youtube.com/watch?v=H511Iye6BsI&feature=youtu.be

OMG, retirement man-cave goals!

This is how I imagine that Daft Punk would chill out after retirement. 

[Phil_S]

hey guys

what was that link to those two old hoodlums jamming ass on the homebuilt synths a couple months ago?


nvm

https://www.youtube.com/watch?v=H511Iye6BsI&feature=youtu.be

OMG, retirement man-cave goals!

This is how I imagine that Daft Punk would chill out after retirement. 

Imagine the year 1984:
https://www.youtube.com/watch?v=n6QsusDS_8A

[Last of the V8s]

[Phil_S]

$8000 by halving?

[Febo]

Shitty 2008 and 2020 rats

[VB1001]

#bitcoin priced in oil
- Follows stock-to-flow perfectly
- 1 BTC ~ 600 barrels of oil

https://twitter.com/100trillionUSD/status/1252237863732809730

[vapourminer]

I'm concerned that the donkey is not allowed to wonder. Seems a bit draconian in the mind control department.

i am not a number, i am a free donkey!!!

[vapourminer]

hey guys
what was that link to those two old hoodlums jamming ass on the homebuilt synths a couple months ago?
nvm

https://www.youtube.com/watch?v=H511Iye6BsI&feature=youtu.be

OMG, retirement man-cave goals!

This is how I imagine that Daft Punk would chill out after retirement. 

glad this was reposted as i missed it originally.. i rarely watch videos as 99% are a waste of (my) time, but this was pretty inspiring. alas, i lack musical talent even if i play with stuff from time to time.

probably simulate all that analog gear with a raspberry pi now. well except for the analog "sound" perhaps.

[alevlaslo]

[Biodom]

Crude was down to $14.95 15.10 ( 18% 17% after opening).
WTF?

I just checked the electricity rates proposals-funny, no change since 10-14 days ago.
Market pricing? LOL

EDIT:
I get that WO is mostly focused on bitcoin, but 18% change in a price of a major commodity that the whole world is running on in a DAY is completely staggering.
It is not a stock like freaking TSLA or NFLX. This has major implications (eventually) for everything.

WTI is 10.88$ now.
The delivery point is at Cushing (OK), and they are literally stocking OIL everywhere.
But don't get too excited about this, it's only a technical factor and the future curve is in a super contango.
This means spot prices are way lower than future prices, even accounting for increased Cost of carry etc.
In a little bit less Technical jargon this means that the WTI price you are looking at expires in 3 days. So in a couple of days you will see a WTI at 22 without anything changing.
So just ignore when someone will shout in a couple of days: WTI is up 10 USD!
Just don't expect your gas changing price for that.


You might find useful my thread on futures, with explanation of the "contango" curve.

Great point, but who is to say that June contract would not follow there shortly.
June is down 12% today. It's not 40%, but also a crazy move.
https://www.reuters.com/article/us-global-oil-contracts/expiring-us-crude-oil-futures-contract-posts-epic-40-slide-idUSKBN2221TS

[Toxic2040]

Good morning.


Happy 4.20 all.


------


Bitcoin has retraced overnight to give a solid thump off of $6.9k support. Considering how legacy markets are reacting to the significant slide in oil prices...this is good news as far as I am concerned.
Still consolidating in a range as the halvening price searches for discovery. #dyor

1h


Still buying the dips and stacking sats.
4h

#stronghands

[fillippone]

Crude was down to $14.95 15.10 ( 18% 17% after opening).
WTF?

I just checked the electricity rates proposals-funny, no change since 10-14 days ago.
Market pricing? LOL

EDIT:
I get that WO is mostly focused on bitcoin, but 18% change in a price of a major commodity that the whole world is running on in a DAY is completely staggering.
It is not a stock like freaking TSLA or NFLX. This has major implications (eventually) for everything.

WTI is 10.88$ now.
The delivery point is at Cushing (OK), and they are literally stocking OIL everywhere.
But don't get too excited about this, it's only a technical factor and the future curve is in a super contango.
This means spot prices are way lower than future prices, even accounting for increased Cost of carry etc.
In a little bit less Technical jargon this means that the WTI price you are looking at expires in 3 days. So in a couple of days you will see a WTI at 22 without anything changing.
So just ignore when someone will shout in a couple of days: WTI is up 10 USD!
Just don't expect your gas changing price for that.


You might find useful my thread on futures, with explanation of the "contango" curve.

Great point, but who is to say that June contract would not follow there shortly.
June is down 12% today. It's not 40%, but also a crazy move.
https://www.reuters.com/article/us-global-oil-contracts/expiring-us-crude-oil-futures-contract-posts-epic-40-slide-idUSKBN2221TS

Probably, is the deposits in Cushing keep so high in occupancy, it will probably follow the same path. But then again next expiry would be higher etc....

This is basically why traders are constantly fighting the contango, tying to get rid of that oil nobody want.
Only hope are OPEC cuts enacted from May 1st.

[Last of the V8s]

How many coins could you mine with the energy from 600 barrels of oil?

[Biodom]

Crude was down to $14.95 15.10 ( 18% 17% after opening).
WTF?

I just checked the electricity rates proposals-funny, no change since 10-14 days ago.
Market pricing? LOL

EDIT:
I get that WO is mostly focused on bitcoin, but 18% change in a price of a major commodity that the whole world is running on in a DAY is completely staggering.
It is not a stock like freaking TSLA or NFLX. This has major implications (eventually) for everything.

WTI is 10.88$ now.
The delivery point is at Cushing (OK), and they are literally stocking OIL everywhere.
But don't get too excited about this, it's only a technical factor and the future curve is in a super contango.
This means spot prices are way lower than future prices, even accounting for increased Cost of carry etc.
In a little bit less Technical jargon this means that the WTI price you are looking at expires in 3 days. So in a couple of days you will see a WTI at 22 without anything changing.
So just ignore when someone will shout in a couple of days: WTI is up 10 USD!
Just don't expect your gas changing price for that.


You might find useful my thread on futures, with explanation of the "contango" curve.

Great point, but who is to say that June contract would not follow there shortly.
June is down 12% today. It's not 40%, but also a crazy move.
https://www.reuters.com/article/us-global-oil-contracts/expiring-us-crude-oil-futures-contract-posts-epic-40-slide-idUSKBN2221TS

Probably, is the deposits in Cushing keep so high in occupancy, it will probably follow the same path. But then again next expiry would be higher etc....

This is basically why traders are constantly fighting the contango, tying to get rid of that oil nobody want.
Only hope are OPEC cuts enacted from May 1st.

yep, Hin Leong (singaporean oil trader firm) goes bust with $4 bil debts.

[Raja_MBZ]

[fillippone]

yep, Hin Leong (singaporean oil trader firm) goes bust with $4 bil debts.

NYMEX bracing for NEGATIVE PRICES