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

[heslo]

Ooo look another fun visualiser


https://txstreet.com/v/bch-btc

hahahahahahahahahahahaha

Hah, pathetic. Can't wait till that bcash shitcoin dies. Yet another split incoming so I'd say it's getting close

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[Cryptotourist]

I am not going to put it past you, if you are observing that certain times of the year seems to end up in higher levels of short term BTC price movements, and I would not rule out the end of the year and even beginning of the year to have that kind of a BTC price dynamic....

Yes.

And, sure another question, pass through or quickly enter and correct?

Slow and firm uptrend, spikes and corrections included.
The channel you provided ($17,250 - $23,500) is a good example, before we move on to the next.

Time will tell if your hunch for passing through that price zone is correct, or premature.

Premature, I love that word.
Followed by: sorry honey I'm not proud, sway over and we'll make the stars swing again.

There are sure a lot of crazies out there currently, and crazy people also carrying out crazy projects attempting to figure out which scammer can outdo the other in terms of scammer creativeness...

Will it implode before the end of the year, or is there additional runway for the newbies to come in and keep it going?

Newbies will always come in when inspired by FOMO.
When does human stupidity reach it's Schelling point? (don't answer that, there is an ongoing massive worldwide investigation)

This fake alt season, is designed to rekt them around the end of this year.

I am pretty sure that I had seen at least a few times that satoshi proclaimed that snake oil imitations were inevitable, even if satoshi did not get into particulars, one of the natures of any open source project is that the code can completely be copied, and satoshi surely discussed these kinds of snake oil imitation dynamics trying to mislead people away from value.

Yeah, but what can you do, other than try to educate people? Not much.

[d_eddie]

EU developments:

https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Interestingly,

The rules also impose the prohibition of granting any interests to holders of these digital assets.

This would cause a huge move of btc into US-based interest-generating custodial accounts (such as blockfi and celsius, maybe even Coinbase/Kraken)

The draft text also obliges the Libra Association and the issuers other significant e-money tokens, to redeem, at any moment and at par value, the monetary value of the e-money tokens if the holders decide, either in cash or by credit transfers. The rules also impose the prohibition of granting any interests to holders of these digital assets.

In this context, it looks sane to me. Tolerably so, at least. You issue tokens, they must be backed by something.

[hv_]

EU developments:

https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Interestingly,

The rules also impose the prohibition of granting any interests to holders of these digital assets.

This would cause a huge move of btc into US-based interest-generating custodial accounts (such as blockfi and celsius, maybe even Coinbase/Kraken)

The draft text also obliges the Libra Association and the issuers other significant e-money tokens, to redeem, at any moment and at par value, the monetary value of the e-money tokens if the holders decide, either in cash or by credit transfers. The rules also impose the prohibition of granting any interests to holders of these digital assets.

In this context, it looks sane to me. Tolerably so, at least. You issue tokens, they must be backed by something.

For tether, is the something what exactly?

Lol

[MFahad]

[LFC_Bitcoin]

@TheVladCostea

Decided to research Bitcoin pr0n and found this gem:

– Couple tries to buy BTC from ATM, stranger approaches them to inform that fees are too high;
– Stranger takes them to their office to sell them BTC in person.
– Boyfriend doesn't have enough money, so he trades GF for 1 BTC.

https://twitter.com/thevladcostea/status/1304756798856011777?s=21

[BitcoinGirl.Club]

Good morning WO!
Observing @ $10,320



Can we see $10,501 😜

[BitcoinGirl.Club]

– Boyfriend doesn't have enough money, so he trades GF for 1 BTC.

Nice trade. He can have few new ones.

[AlcoHoDL]

the 3rd monkey is about to blow his own head off

That's OK, motto still holds true (a dead monkey doesn't talk). LOL!

I wonder why they used monkeys... The girls working at Oak Ridge were lovely...

[friends1980]

@TheVladCostea

Decided to research Bitcoin pr0n and found this gem:

– Couple tries to buy BTC from ATM, stranger approaches them to inform that fees are too high;
– Stranger takes them to their office to sell them BTC in person.
– Boyfriend doesn't have enough money, so he trades GF for 1 BTC.

(...)

Not sure why he's looking so worried though. The guy just made the best investment deal in his life. Buy low. Cut expenses. Etc.

The problem with pr0n is, and always has been, its low quality script writers. Real shame.

[Globb0]

the 3rd monkey is about to blow his own head off

That's OK, motto still holds true (a dead monkey doesn't talk). LOL!

I wonder why they used monkeys... The girls working at Oak Ridge were lovely...

The 3 monkeys are see no evil hear no evil speak no evil

The three wise monkeys are a Japanese pictorial maxim, embodying the proverbial principle "see no evil, hear no evil, speak no evil". The three monkeys are Mizaru, who sees no evil, covering his eyes; Kikazaru, who hears no evil, covering his ears; and Iwazaru, who speaks no evil, covering his mouth.

[nullius]

Decided to research Bitcoin pr0n and found this gem:

– Couple tries to buy BTC from ATM, stranger approaches them to inform that fees are too high;
– Stranger takes them to their office to sell them BTC in person.
– Boyfriend doesn't have enough money, so he trades GF for 1 BTC.

As the inventor of a Bitcoin sexual fetish,(*) I must interject:

This story goes better when she is mesmerized by the sight of the UTXO, the immutable mark of the carnal transaction in which she laid herself down as a sacrificial offering to the god of Bitcoin.  She feels that she herself is forever hashed into the blockchain; it arouses her anew, it enthralls her, and she becomes addicted to accumulating bitcoins through ciphersex...

Based on prior research, I observe that printable temporary tattoo paper is readily available, and suitable for QR codes.  “Entrance fee.”

Gives new meaning to the word “HODL”.

(* Deep in my post history are modest hints, partly veiled by smoke and mirrors.  Not giving links, because I’m a tease.)

The problem with pr0n is, and always has been, its low quality script writers. Real shame.

I could help—for a price.  Though I think it works best in the written word (or in real life), and best appeals to females.  (Women are by far the biggest consumers of written erotica, which is just fine with me!)

[d_eddie]

You're stuffed full of merits for a reason, dude. Have a special one. Keeping my last few for promises and nonlegendaries

+1 WOsMerit

[nullius]

EU developments:

https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Cryptocurrency developers should produce a ‘white paper’ with all the relevant information about the issuer, the token or the trading platform “to enable potential buyers to make an informed purchase decision and understand the risks relating to the offering,” the proposal says.

National and European regulators must approve these documents before issuers can start operating.

A faceless Tor user who calls himself “Satoshi Nakamoto” will seek approval from self-entitled bureaucrats before releasing “bitcoin.pdf” and a bunch of source code, because... because.  Everybody is a bank-loving masochist with a regulatory fetish!  Confirmed by strongest science.

[Torque]

EU developments:

https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Cryptocurrency developers should produce a ‘white paper’ with all the relevant information about the issuer, the token or the trading platform “to enable potential buyers to make an informed purchase decision and understand the risks relating to the offering,” the proposal says.

National and European regulators must approve these documents before issuers can start operating.

A faceless Tor user who calls himself “Satoshi Nakamoto” will seek approval from self-entitled bureaucrats before releasing “bitcoin.pdf” and a bunch of source code, because... because.  Everybody is a bank-loving masochist with a regulatory fetish!  Confirmed by strongest science.

"Because they are tied to national currencies, supporters of ‘stablecoins’ claim they can avoid the bubble-and-burst evolution seen with Bitcoin."

Because they are tied to national currencies which are already digital, they have no fucking point...except pointless redundancy, I guess? They continue to miss the point of Bitcoin's reason for existence in the first place.

[d_eddie]

EU developments:
https://www.euractiv.com/section/economy-jobs/news/leak-eu-to-create-superbody-of-watchdogs-to-oversee-digital-currencies/

Cryptocurrency developers should produce a ‘white paper’ with all the relevant information about the issuer, the token or the trading platform “to enable potential buyers to make an informed purchase decision and understand the risks relating to the offering,” the proposal says.

National and European regulators must approve these documents before issuers can start operating.

A faceless Tor user who calls himself “Satoshi Nakamoto” will seek approval from self-entitled bureaucrats before releasing “bitcoin.pdf” and a bunch of source code, because... because.  Everybody is a bank-loving masochist with a regulatory fetish!  Confirmed by strongest science.

"Because they are tied to national currencies, supporters of ‘stablecoins’ claim they can avoid the bubble-and-burst evolution seen with Bitcoin."

Because they are tied to national currencies which are already digital, they have no fucking point...except pointless redundancy, I guess? They continue to miss the point of Bitcoin's reason for existence in the first place.

Bitcoin is bitcoin. There's no "issuer", there's no backing, it is what it is. You want some? Mine it or buy it.

The EU tentative regulation that Biodom mentioned, as I understand it, is aimed at tokens issued by corporate actors (libra is explicitly mentioned, and tether would qualify as well). My previous post simply states that I personally agree that such corporate entities should be held liable, and any failure to comply with redemption requests immediately should have civil and criminal consequences.

The last thing we need is more fractional reserve scams springing up like mushrooms everywhere.

[BitcoinGirl.Club]

$10,350!
Only $151 to go 😜

[Toxic2040]

+1 WOsMerit

[JimboToronto]

Good morning Bitcoinland.

No real change... still sideways... currently $10380USD/$13679CAD (Bitcoinaverage).

C'mon Bitcoin, rise and shine.

Go Bitcoin go.

I sell 1 bitcoin for price 50K while I really need only 25K. Wait until price falls to 25K, buy back the 1 bitcoin and keep the rest 25K in the bank forever. If the price doesn't fall that much, well this is a calculated risk. In my case this means 1 mil total profit in the bank. Not exactly fuck you status, but still enough to change my lifestyle.

This is the main idea, but with the calculator I can set precise sells at each percentage, so that I cover events like 45K down to 22K, etc. Only when I have a new lifestyle, I will sell almost everything for 6 mil.

Are you saying you'd risk your money by keeping it in fiat in some bank? The term "money in the bank" is misleading unless the "bank" is your own i.e. Bitcoin.

I also question your hoping for the price of Bitcoin to drop anywhere near as low as $25k. That's barely higher than the current ATH.

It's more likely for the price to continue well into 6 digits and then perhaps fall down as low as $50k-$60k in the nadir of the next Bitcoin winter.

Just MHO of course.

[Torque]

The EU tentative regulation that Biodom mentioned, as I understand it, is aimed at tokens issued by corporate actors (libra is explicitly mentioned, and tether would qualify as well). My previous post simply states that I personally agree that such corporate entities should be held liable, and any failure to comply with redemption requests immediately should have civil and criminal consequences.

The last thing we need is more fractional reserve scams springing up like mushrooms everywhere.

But...bbut...the last thing the world needs is these corporate-issued tokens in the first place. That's my point. They are completely un-needed, nobody is asking for them, and fiat currencies work just fine as-is. They provide the public with zero benefits.

"Create unnecessary thing, then regulate unnecessary thing."