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

[psycodad]

Justin Castro 'Trudeau' ordered banks to freeze the bank accounts of protesters.

Insurance companies were ordered to cancel the car or truck insurance policies of protesters.

Protesters are not allowed to use any cryptocurrency as that now falls under "Terrorist Financing" rules.

The tyrant does not need any court orders as he declared a State of Emergency and showed his true colors.

Under the State of Emergency act, the government can arrest and detain anyone without trial.

He is forcing mandates on the people to take an experimental drug with no clinical trial data, with proven lethal or serious lifelong side effects and with zero legal repercussions, for what at this point amounts to a fucking cold (provided you even get infected at all). And being vaxxed spreads the virus even more.

All Canadians who support him on this are complicit in supporting tyranny. This is wrong and they should know that.

Goodbye personal liberty and freedom in Canada. When internment camps?

I agree with your sentiments, though it starts to look like said nutjob is just running the best adoption campaign ever.
Why spend millions on a superbowl ad if you can reach even more people by demonstrating what unconfiscable money truely means.

Though it is a shame, I seriously considered moving to some remote place in Canada (something with a lake or even a small island), but that's not the Canada I visited in the 90s anymore and it's definitely off the table until they demonstrate being a democracy respecting their own laws.

I do hope this backfires on him and his comrades heavily.

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[cygan]

[cAPSLOCK]

"I am hoping that we see the police and military eventually defend the population gathered in the streets of Ontario rather than follow unrighteous commands from a leader who has clearly lost his countries heart."

that's delusional.  all parties asked the protestors to go home.  also, fuck em (says 3/4 of canada)
edit: nice little stash from protestors at one of the border crossings.  Restrictions are ending, time to end the economic blockade and reopen the car plants.  take credit if ya want

The protesters are protesting a single thing.  "Go Home" is not the answer they are looking for.   They are asking that vaccine mandates be dropped.  Framing them as something other than free Canadians who have a right under their own charter to protest is disingenuous. 

And all the rhetoric about them being "White Supremacists, and Terrorists, and Confederates" (LOL!) is so transparent at this point it's hard to believe ANYONE is falling for it... but evidently some are?  And I think out of the tens of thousands of protesters find some guns might happen, but from all the live reports I have seen these protesters are peaceful.

75% of Canada approves of what the Trudeau administration is doing?  God, I hope not.

[Torque]

"I am hoping that we see the police and military eventually defend the population gathered in the streets of Ontario rather than follow unrighteous commands from a leader who has clearly lost his countries heart."

that's delusional.  all parties asked the protestors to go home.  also, fuck em (says 3/4 of canada)
edit: nice little stash from protestors at one of the border crossings.  Restrictions are ending, time to end the economic blockade and reopen the car plants.  take credit if ya want

The protesters are protesting a single thing.  "Go Home" is not the answer they are looking for.   They are asking that vaccine mandates be dropped.  Framing them as something other than free Canadians who have a right under their own charter to protest is disingenuous.  

And all the rhetoric about them being "White Supremacists, and Terrorists, and Confederates" (LOL!) is so transparent at this point it's hard to believe ANYONE is falling for it... but evidently some are?  And I think out of the tens of thousands of protesters find some guns might happen, but from all the live reports I have seen these protesters are peaceful.

75% of Canada approves of what the Trudeau administration is doing?  God, I hope not.

Naw, let's all support forced mandates so some of them can end up like this poor fellow from Ontario. Young and healthy at age 34, I'm 40,000% sure that Covid would have never killed him. A mild flu he would have gotten over in a few days at most. He never even tested positive for Covid, but was fully vaxxed. And now his poor wife has no one to blame and no one to sue.

https://dcweekly.org/2022/02/14/what-fcking-research-we-are-the-fcking-research-grieving-widow-goes-off-on-social-media-after-husband-died-with-myocarditis/
https://www.instagram.com/p/CZ5hk96sp8N/

[cAPSLOCK]

... fucking little facist, totalitarianism always comes through the left

Wrong terminology.

Fascists are right wing. Trudeau is slightly left wing.

Call him a Commie if you want to sling mud.

HONK HONK #BITCOIN FUNDRAISING 

https://store.bitcoinmagazine.com/collections/honk

Another excuse to accuse Bitcoin of "funding terrorists".

I think the west is waking up to the other edge of the 2 edged sword of labeling your enemy a terrorist.

My own country absolutely overreached in holding people prisoner without a trial regarding the 1/6 demonstrations (and idiotic actions too).  I think the people who trespassed at the capital should have been prosecuted.  But similarly the demonstration was primarily peaceful, and some of those who organized it came under ridiculous scrutiny. 

I think of "Brandon Straka".  He was a democrat that started the "Walk Away" movement in the US, and his life was abslutely wrecked in the wake of the 1/6 events.

But a large number of us have awakened to the fact that after a summer of cities on fire, and many deaths in protests that were for different reasons seeing this framing for those who acted out on 1/6 is DEEPLY disturbing.

Particularly when you go past the surface and see that the summers protests were organized (palates of bricks showing up on street corners), and 1/6 was infiltrated by spooks.

What is happening in western democracies is EXTREMELY important, and as I said, I am proud that the good people of Canada are doing what their charter allows them.  I wish them God Speed.

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

 but seeing the price resistance you say is at the $44K level, I might be a little curious if it is possible if the bitcoin price can break through that price resistance in the next few hours, even if bitcoin able to penetrate it, do you think it will be a sign that bitcoin will return to a bullish trend?

Even if Ratimov's chart is showing a resistance around $44k.. we have already been to $44k and even $45k.. and we were almost to $46k...

Personally, I believe that there is a need to both break above $46k and to stay above for around 1 day or longer... and that does not confirm that we are returning to the bull run, but instead that the bottom of $32,951 is likely in...

Personally, I believe it is better to approach these matters way more conservatively than to go from questions about whether the bottom is in to questions regarding the bullrun returning - which surely those may end up being largely very similar results that are achieved by passing above certain BTC price thresholds.

Surely I do not want to proclaim to knowing very much at all about where the BTC price going to go with any kind of level of certainty or confidence, but I still think that there is some value in both reaching certain higher levels of certainty.. even if the higher levels of certainty do not end up playing out.

Under current BTC price dynamics, I would sum up the matter something like this (even Biodom - either a nemisis or a copy cat - has said very similar things):

1) getting above $46k for a day or longer (and sure there might be some other price thresholds in there too?) allows for higher levels of certainty that the $32,951 bottom is in

2) something like $46k to $52k is a kind of "it can go either way" territory

3) $52k to $62k will grant higher levels of confidence that we are going to be challenging resistance on the way UP rather than challenging support on the way DOWN

4) Getting above $62k largely puts us back into noman's land in which something like $92k has high odds of being reached.. so the current $69k ATH falls within this area as a kind of "pass through" price.

Surely, none of these are guaranteed, and there is some product of the passage of time that could well cause reconsiderations of the above stated BTC price ranges, their significance and likelihoods of large corrections along the way..

Many of us know that even though it happens from time to time, rarely do we go straight up, but of course, getting momentum does become helpful for whether we seem to be heading up or down.. and passing certain BTC price points can increase sentiments that momentum exists and might even become a kind of self-fulfilling prophecy once it is recognized as an actual thing that exists.

[gembitz]

Old Trudeau is a bit of a fuckface isn't he?

Trudeau vows to freeze anti-mandate protesters' bank accounts
https://www.bbc.co.uk/news/world-us-canada-60383385

Deputy Prime Minister Chrystia Freeland said at Monday's news conference that banks would be able freeze personal accounts of anyone linked with the protests without any need for a court order.

Vehicle insurance of anyone involved with the demonstrations can also be suspended, she added.

Ms Freeland said they were broadening Canada's "Terrorist Financing" rules to cover cryptocurrencies and crowdfunding platforms, as part of the effort.

"Hey you with that truck over there honking all the time, you are a terrorist so I'm taking your Bitcoin." 

#BITCOIN is funding the truckers love fest =D freeeeeeeeeeeeeeeeeeeeeee

[gembitz]

Well I didn't expect Trudeau and Canada to be one of the ignition sparks. It's almost as if everything we see happening, everywhere, all the time - is bullish for bitcoin. And people are beginning to see why.

#BitcoinFixesThat

It's just the coming attack from what used to be "western democracies" that leave the big glaring question mark.  We could be in for some rough waters...  

Kanye sees part of it...

ot~> http://coinye.net/ back live! #KANYE2024

[lightfoot]

Wasn't there a separate thread for all the COViD discussions.....

[JayJuanGee]

but seeing the price resistance you say is at the $44K level, I might be a little curious if it is possible if the bitcoin price can break through that price resistance in the next few hours, even if bitcoin able to penetrate it, do you think it will be a sign that bitcoin will return to a bullish trend?

It can break through, but this is not enough, it is necessary to confidently gain a foothold above this resistance level so that we can talk about continued growth. I do not rule out that we can soon see 50,000, at least for a short time. In any case, I like the position of the holders, they do not capitulate, but continue to accumulate. I followed suit.

You seem to be saying something similar to me, at least in terms of not really knowing which way the BTC price is going to go based on the data.. and in that regard, a certain amount of time above certain price thresholds is needed to gain confidence... I currently consider that to be around $46k.. but that is surely a kind of SOMA approximation from my perspective about how far away the BTC price is getting above the current $32,951 bottom... and for sure, even if the odds that the bottom being in goes from 45% to 70% (and I would not claim that the odds are going that high but maybe instead from 45% to 54% or something like that), there would still be 30% odds that the bottom ends up NOT being in, even though pretty damned high levels of confidence had been achieved by going and staying above $46k (for example) for a day...

In other words, the lower odd scenarios should never be completely ruled out, even when they start to get low in terms of percentages, yet at the same time, I do not spend a whole hell of a lot of my brainpower or finances preparing for scenarios that I perceive to be less than 10% odds, and some diptwats seem to be spending considerable time preparing for scenarios that seem to have less than 2% odds from my perspective and I presume that they are assigning higher odds to such scenarios that I consider to be highly unlikely otherwise those people are even harder to relate to and from my perspective seemingly more detached from reality than what is reasonable.

[Hueristic]

Wasn't there a separate thread for all the COViD discussions.....

Actually this convoy thing is supporting the immutability argument which makes it a different animal all together.

[OutOfMemory]

Russia and Ukaine
conflict in hibernation
markets should resume

#haikumonday

Covid came back at me, two days after starting to recover.
The second time it was a runny nose and light, occasional coughing, slighty raised body temperature, felt almost flu-like, but still lighter.
Took two more days, then it faded. The virus may have affected all of my body, more or less, according to symptom location/origin. I still can't smell certain things, some others just barely. The aromatic taste and smell of coffee, for example, now seems like water, but sour and bitter. No aroma. Even water had a taste before, i recognized today.
So that's it.
I didn't really need this, though.

Take care.

Typical symptoms I had all of the above.

Are you over or under 45?
Are you really over weight?

Over 45 and a little above the lower boundary of normal weight.

Water water water.

buy this


https://www.amazon.com/NaturoBliss-100-Undiluted-Essential-Peppermint/dp/B07G9SHSQV/ref=sr_1_5?


use one or two drops per 16 oz or 1/2 liter    drink 64 oz or 2 liters a day.

will help your sense of smell.

Thanks for the tip! Just by luck, i got a small bottle of bio peppermint oil from a business partner of my wife, two weeks ago.
Tomorrow my order of liponic acid 300mg pills should arrive too, which helps with neuro-regeneration.

I had covid Dec 2019-Jan 2020 1st strain

I had it Halloween 2021 delta strain, but very mild as I was 2x vaxxed

Got third vax in Dec 2021

I should be good for a while

Hope so. It's definitely a tricky little beast.

key is use an O2 meter.

https://www.amazon.com/Zacurate-Fingertip-Oximeter-Saturation-Batteries/dp/B06Y2FFQB9/ref=sr_1_1_sspa?

your heart if good will jump up to 105-115 beats it does it to keep your O2 over 92

if your O2 drops to 88 and your heart is 110 you need more help maybe some anti viral meds.

but if your O2 stays over 92 and your heart drops down a bit to 95-100 you are getting better.

good luck.

Thanks. I got no oxymeter and i had no problems with breathing, but i also supported the lungs with NAC 3x250mg which makes you breathe very easily. It's popular in the athletics/sport scene to extend workouts.

My wife had it come back over and over all of Jan 2020 and Feb 2020 in March 2020 a doctor loaded her up with valtrex (a known anti-viral ) it broke the fever and she stopped having it come back.

The virus is found pretty often in various tissues, many weeks after initial infection. Antivirals work most of the time, or a vaccine shot, but the latter you'd get six months after infection, so there's half a year of waiting while suffering diffuse symptoms. The most promising remedy is BC007, which is currently in clinical trial phase and works like a charm for ME/CFS and Long Covid. Both have been found to activate auto-antibodies which are the reason for the symptoms, mainly blocking blood flow in small blood vessels in random organs.

Wasn't there a separate thread for all the COViD discussions.....

The other thread is about the vaxx/antivaxx/conspiracy discussion.

Wrong terminology.
Fascists are right wing. Trudeau is slightly left wing.
Call him a Commie if you want to sling mud.

At the risk of sounding pedantic, the polarity-shifting and meaning of left/right has been in flux so much over the last two decades, I'm not sure it's fair to state fascism is limited to the right wing, moving forward.

We are living in clown world now, unfortunately.

Language is being redefined in near-realtime.

Whatever background, or network... left, right, pastafarian... you name it, when it comes to gain or keep control, the "leaders" are trying hard, by framing and manipulating. Trudeaus current reframing plot is "honor the brave people that got vaxxed to end the pandemic, because the government 'owes' them to get the rest of the nation to be vaxxed via the mandate". It's the same here in little shithole country, but the reasoning is falling apart with omicron.
Now the governmenr is trying to defend the mandate "to be prepared for the next wave", of which nobody knows how deadly it will be (see the fear mongering, again?).
Sane virologists are muted out of the discussion. I can see the same happening in Canada in the next few weeks and Trudeau knows he overdid the contracted vaccine orders for "his country" by magnitudes. I saw a statistic, that Canada pre-ordered 9.5 doses of vaccines for every citizen. Fucking Justin has locked himself, tactically, so he has no other chance than to push his mandate circus with force.
His whole rethorics sound full of desperation to me.

[lightfoot]

Wasn't there a separate thread for all the COViD discussions.....

Actually this convoy thing is supporting the immutability argument which makes it a different animal all together.

Oh yeah, the seizing of bank accounts and the utter stupidity of trusting some cheap shit Christian "donation" site run by people who can't seem to hire people to secure the... thing (maybe they trust in the LORD) points out why crypto is a good idea and is worthy of discussion.

However the "fake virus" crap (and the "Dude, you're gonna DIE stuff) should stay out of this thread. I sit on my hands myself......

Back to the regularly scheduled drama.

[gembitz]

Wasn't there a separate thread for all the COViD discussions.....

Actually this convoy thing is supporting the immutability argument which makes it a different animal all together.

NWO commies EMERGENCY ORDER threaten locking truckers bank accounts thus BITCOIN revolution sparked =D HONK HONK WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[ChartBuddy]

Explanation

[JayJuanGee]

BTC - I am seeing some sort of similar pattern being created.
Just want to have this image on WO to come back to in future.

Does not look similar to me..,. hahahahaha

but what do I know?

but seeing the price resistance you say is at the $44K level, I might be a little curious if it is possible if the bitcoin price can break through that price resistance in the next few hours, even if bitcoin able to penetrate it, do you think it will be a sign that bitcoin will return to a bullish trend?

It can break through, but this is not enough, it is necessary to confidently gain a foothold above this resistance level so that we can talk about continued growth. I do not rule out that we can soon see 50,000, at least for a short time. In any case, I like the position of the holders, they do not capitulate, but continue to accumulate. I followed suit.

I also hope that we all can see a high bitcoin price and maybe reach a new ATH, but as we know right now the global market is in an uncertain condition, an increase in inflation that might happen, the Russian invasion of Ukraine which might also affect the market global, thus making many stock prices begin to fall, is it possible that bitcoin will also experience the same thing in your opinion?
I personally am not someone who is an expert in analyzing bitcoin prices, but when I see you summarize all the possibilities like your post above, to be honest I really want to enter the market at this time, but I am afraid that later I will be trapped in high prices if the price declines suddenly, what do you think is the support level price for the bitcoin price for now?

Mia... you seem to be getting overly analytical of macro events in your attempt to figure out where bitcoin is and where bitcoin might be going.

Surely in the short to medium term BTC prices can well be correlated with a lot of macro factors, but it seems that the people who have done quite well in bitcoin, have focused upon themselves and their own reasonable and prudent abilities to establish a bitcoin stash and to increase their stash no matter which way the BTC price goes in the short term.  Surely you have been around the forum for nearly 6 years, so you could have been quite well off by following such a strategy.. and surely a quick look at your post history, it seems that you may have continued to have a lot of reservations about bitcoin and distractions into various shitcoins... and other bullshit since you have been a member of the forum.

My own personal investing into bitcoin started in late 2013, but surely I would not proclaim that the first 3 years were easy because much of that time my earliest BTC purchases were not in profits, and even my whole BTC portfolio was questionable in terms of it having had been in the negative for most of that time... but I persisted with DCA investing.. especially during those first three years... I did supplement with buying on dips and lump sum investing too.. but many of the buying on dips were not the dips of the dips, and even the lump sum investing suffered similar fates of witnessing the BTC price dropping lower even after I had made decently-sized.. purchases that would have been much better to wait a bit longer.

So for example, in late 2014 (October/November/December), I decided to get up to my target investment into BTC around $400, and I likely even got some BTC in the $380s too.. so i was pretty sure that the bottom was in... but of course, we know what happened in late December 2014.. and then persisted for much of 2015.. in which the BTC price came close to halfing from there.. well it dropped down to $150-ish for short periods and was stuck around $230 to $250 for a considerable amount of time.... so that was kind of depressing to see that I had done various lump sums around $400 when i would have had lots of opportunities to buy those same BTC in the lower $200s through the next 8-10 months.... fuck.

Even though 2015 ended up being a stressful period for me, my level of investment into bitcoin did not go so far as to cause me to have to sell any BTC during that time, and I was able to continue DCA'ing during 2015 even though I had front-loaded in 2014.  Sure we can monday morning quarter-back how I approached the whole matter, but really I cannot see any reasonably better practice that might have had its own risks of causing me to fuck around too much rather than just emphasizing my own ongoing BTC accumulation within my budget.

Currently, bitcoin seems to be a much better investment with more certainty than it was in 2013-2015... even though the upside potential has been shrunken over the years.. .. and in that regard, it seems that DCA remains amongst the best of practices.

Just think if you have been DCA'ing into BTC for the past 6 years at $100 per week, you would currently be at around 13 BTC.. Of course, if your BTC portfolio is not very large right now, it may be nearly impossible to ever get back to being able to get 13 BTC, but surely there are ways to be ongoingly assertive in terms of getting decent stake into BTC in order that you feel sufficiently prepared for UP.. and maybe also keeping a decent amount of dry powder available so that you are prepared to both buy on dips and just continue DCA'ing into BTC no matter what the cost.. and to take some of those "what ifs" blah blah blah out of your way of thinking about the whole matter.

Some people get too worried that they might be able to get more if the BTC price drops, and from the perspective of several of us longer term BTC accumulators in the WO thread especially, those worries about the various "what ifs" seems like pretty BIG so whats because if you continue to accumulate BTC, it is likely that one or two cycles down the road, you will find that your ongoing persistence in accumulating BTC ended up paying off and kept you in action rather than paralyzed by various "what if" thinking.

Investing into bitcoin 4-10 years or longer, is a good mental start, and of course if your timeline is shorter, then you might need to reconsider aspects of your approach, while at the same time considering various aspects of your own situation to be able to tailor your BTC accumulation strategy such as your cashflow, your other investments, your timeline, your view of bitcoin as compared with other investments, your risk tolerance, your time, skills and abilities to plan, learn and tweak along the way which may involving reallocating or trading or the use of various financial instruments such as leverage, margin or options.. and surely, I am not asserting that it is a good idea to use more sophisticated BTC portfolio management until working out your own personal basics and targets first.

[cAPSLOCK]

Wasn't there a separate thread for all the COViD discussions.....

Seems to me a situation where governments are shutting down financial access to portions of their population and those people turning to Bitcoin to get around those sanctions is about as on topic for BTC speculation as one could get from a fundamental/macro point of view...  I certainly understand that these topics are (designed to be) divisive, but it's not off topic, I'd say.

[OutOfMemory]

Wasn't there a separate thread for all the COViD discussions.....

Seems to me a situation where governments are shutting down financial access to portions of their population and those people turning to Bitcoin to get around those sanctions is about as on topic for BTC speculation as one could get from a fundamental/macro point of view...  I certainly understand that these topics are (designed to be) divisive, but it's not off topic, I'd say.

The bounds are quite fluid, i'd say. These topics are hard to separate for the reason you specified, too.
As i'm more prone to off-topicness myself, i'd welcome the least strict approach.

[Paashaas]

Netherlands is the latest country in Europe who will lift almost all Covid restrictions. Only testing at large indoor events and mount cap in airplanes and public transportations are required.

The QR-code will be not a mandatory anymore only when entering in another country who's still asking for it.