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

[El duderino_]

China banning bitcoin, again:

PBOC Says All Crypto-Related Transactions Are Illegal (1)
By Bloomberg News
(Bloomberg) --
The Chinese central bank says all cryptocurrency-related transactions are illegal, according to a Q&A statement on PBOC’s website about a joint government guidelines on cracking down on cryptocurrency trading and speculation risks.
Online crytocurrency services to Chinese clients by overseas exchanges are also illegal
It is an urgent task for China to root out crypto mining; the crackdown is important to meet carbon goals, according to the guidelines on website of the nation’s economic planning agency
Bitcoin dropped as much as 3.8% on the news; Ether also tumbled, along with crypto-related stocks
 

 

On a futures close Friday

Cheers

 

[LFC_Bitcoin]

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

[machasm]

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

Well with a billion people living there, some of which "dabble" in BTC, they will always have some impact on price whatever happens.
What is nice to see though, is that it no longer has such a large impact as it did in the past. I think that their "news" has less weight than it used to.
Patience my good man, Patience.

[heslo]

lol fucking China. Why do we give a fuck what these assholes think anyway? They're about to eat massive amounts of shit with their property market back home... perhaps focus on your own backyard guys

[El duderino_]

Morning started good…. Hopefully reconnecting with the morning vibe again

[Paashaas]

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

https://twitter.com/bigmagicdao/status/1441328777393426433

[JSRAW]

So china thingy means that 100k coming soon -Xmas-.

---------------
Molly is hottie.

[fillippone]

Morning started good…. Hopefully reconnecting with the morning vibe again

Jack Mallers interview at CNBC was too good to last..

https://twitter.com/documentingbtc/status/1441165646906101762?s=21

[El duderino_]

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

https://twitter.com/bigmagicdao/status/1441328777393426433

F****** China Fud

[ChartBuddy]

Explanation

[Paashaas]

What a coincidence that FUD always happens on a Friday...

And everytime there are idiots selling.

They will regret when wave 5 starts in q4.

[psycodad]

And perfectly timed to the dip somebody pushed about 6MB worth of 1sat/b transactions into the mempool:



https://jochen-hoenicke.de/queue/#BTC,8h,weight

Interesting... (and no, I don't think these are panic sellers sending their corn to exchanges)

(My lightning funding tx can wait a few hours, easy-peasy..)

[Cryptotourist]

Well hello Wall Observers.
Back from summer lurking, just in time for the joyride taking us to the end of the year/cycle.
Really loving this dip, combined with yesterday’s “hack” on bitcoin.org and all the shit floating around, must mean that heavy uppity is incoming.

It’s all about the voyage and not the destination:

https://www.youtube.com/watch?v=-tQP46spAk8
(Cretan “electro” vs last of the Mohicans theme, lol)

[dragonvslinux]

Talk me out of putting a newbies goal (0.21 BTC) into Monero..

Looks like a terrible idea. It's been in a downtrend since March 2018. Going below recent lows and it'll probably make new lows for the year, as it's at the line in the sand before breaking down further.



The 200 Week MA has been sloping downwards since mid-2020. Price is now below the long-term distribution zone and VPVR point of control. Not good 

[ImThour]

$36500 is coming according to the 3H Stoch on BTCUSDT.

[marcus_of_augustus]

... looks like selling aiming for technical levels, MA, futures expiry, etc, all backed up on some hyped-up, reheated Chinese manufactured FUD, someone trying to exit a losing short position in the futures?

... welcome to Wall St. commodities, the CFTC has to be one of the most crooked outfits on the planet

[LoyceV]

China banning bitcoin, again:
~
Filippone QuickTake:

LoyceV QuickTake: China fears their real estate bubble might pop when Evergrande goes under, so China tries to force more capital into traditional stock to postpone this a little further.
Sarcasm: Let's sell Bitcoin and buy Evergrande, it's a bargain now

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

As long as you (and I) post about it, apparently we still care.

[ChartBuddy]

Explanation

[El duderino_]

[BitcoinBunny]

Come on guys. China knows what is best for us. Be reasonable for once in your life.
Take the quadruple vaxx shots and stop this ridiculous cryptocurrency and just soak up the 15% inflation every year.