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

[BitcoinBunny]

Boris, WTF?!  

https://blockworks.co/bitcoin-atms-illegal-in-the-uk-regulator-says/

because boris wants to circulate britcoin shit cbdc atm.

I don't see how anyone would now trust a government issued trackable cryptocurrency (not that I personally ever would have) after seizing assets from people from one particular country.
Why would any foreigner buy this third party trackable crap if even fiat can be controlled so easily?

All roads lead to BTC I still think. No government, no politics, no "necessary" inflation. End of.

[1714498979]

1714498979

[1714498979]

1714498979

[1714498979]

1714498979

[Biodom]

I am coming to realization that money has no real value. It's pretty shocking, actually.
Whether this includes bitcoin, it is still an open question, but better than the rest, of course.
I can use money in my pocket right now of course, but what about a situation when some goods are absent as it started happening (mostly outside of US for now)?
I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Does property have value? Maybe, unless you are not the 'right' person at the time. If you are not, people might not respect your property rights.
So, chalk off property as well. It has been a nice 77 years of stability in that respect, not anymore.

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

[ChartBuddy]

Explanation

[marcus_of_augustus]

https://www.reuters.com/business/exclusive-russians-liquidating-crypto-uae-seek-safe-havens-2022-03-11/

"We have one guy – I don't know who he is, but he came through a broker – and they're like, 'we want to sell 125,000 bitcoin'. And I'm like, 'what? That's $6 billion guys'. And they're like, 'yeah, we're going to send it to a company in Australia'," the executive said.

.... Feds dumping seized bitfinex coins to keep lid on the btc market?

... 125k btc wasn't it?

[marcus_of_augustus]

I am coming to realization that money has no real value. It's pretty shocking, actually.
Whether this includes bitcoin, it is still an open question, but better than the rest, of course.
I can use money in my pocket right now of course, but what about a situation when some goods are absent as it started happening (mostly outside of US for now)?
I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Does property have value? Maybe, unless you are not the 'right' person at the time. If you are not, people might not respect your property rights.
So, chalk off property as well. It has been a nice 77 years of stability in that respect, not anymore.

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

... sounds to me like you likely don't have much of a grounding in understanding what "value" is, in the classical economic definition sense, not man on the street fuzzy, opaque hurr derr muh gold has intrinsic value

... study subjective theory of value of Menger and the regression theorem of money of von Mises for where money derives its value

... these should get you started
 https://en.m.wikipedia.org/wiki/Subjective_theory_of_value
https://en.m.wikipedia.org/wiki/Regression_theorem

.... this stuff was bread and butter for btc OGs back in 2010-11, I don't know why it got left behind so quickly, probably all the shitcoinery, blockwars and hur-durr bs from mainstreaming lowering IQ of the arguments to suit the new audience??

[savetherainforest]

Those 94K will not be stared at. If returned.. then they will be sold, mostly, most of them.

Congrats.  That is the dumbest thing I have heard you say so far.

ahhahah!.. I am sure it will be held as evidence for a significant period of time...

BAHAHAHAHAHA!!


"Take that Boris!!"    

*edit(): .. stfu Save The Forest..,,. YOUR PREDICTION WAS WRONG !!! THEY ARE SELLING 125K not 94K !! SO YOU ARE WRONG!!

[marcus_of_augustus]

... to derive value in the market, a phenomenon known as "shared subjectivity" which blurs the line between subjectivity and objectivity arises, whereby money derives a "shared subjective value" price from market participants who come to pricing agreements in trading based on the performance of various functions and intrinsic properties of the monetary good

.... these functions and properties that are usually ascribed to monetary goods that perform well in the shared subjective value stakes of monetary markets are well-known and described by over a century by classical monetary economists

According to Desjardins,[28] "many economists and experts in the field agree" that the functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, he states that money must be:[28]

    Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
    Durable: able to withstand repeated use.
    Divisibile: divisible to small units.
    Portable: easily carried and transported.
    Acceptable: everyone must accept the money as payment
    Uniform: all units of the same denomination have the same value
    Limited in supply: its supply in circulation must be limited.[28]

https://en.m.wikipedia.org/wiki/Money

... none of this is controversial, learn what money is, how it works and you will be good with money, like any other complex tool that aids in your survival. You shouldn't drive a car or shoot a firearm without learning how it works.

[OutOfMemory]

Just watching this awesome comedy show (think it's called 'EU Versailles summit press conference' or sth). Honorable Secretary 'Zensursula, Flinten Uschi' van der Leyen:

We will phase out the use of Russian oil, gas and coal ...
<rethoric silence>

First it was; Europe needs to be more independent from Russian energy, they need to do something about it. Now they are talking to eachother to excelerate the process and it is suddenly a ''comedy show''

Do you really think the energy transition will be completed in just a few months with so many countries? Stay realistic, 5 years is fast.

Russia can accelerate that, don't worry.
China will happily buy their excess gas and oil, at a lower price.
Zensursula will be shocked... (hostile actions towards our economy... blah...)

They can buy but there is no infrastructure for it.

Pass it to Europe, for a little fee?

See, we don't need russian gasoil, China delivers instead!  
Zensula: Take that, Vladimir!  

[ChartBuddy]

Explanation

[BobLawblaw]

I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.

Corollary: The fact it's been - relatively speaking - a fucking crab for the last year or so, while the SHTF, is pretty Goddamn spectacular.

[Richy_T]

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

All value is subjective.

[Toxic2040]

[danadc]

This is something helpful, the wonder of the deflationary economy.

A greeting to all the hodlers !!!!



Source: https://twitter.com/DylanLeClair_/status/1502403965417398273

And that follow the accumulation, the next ATH will be more exciting ...!

[ChartBuddy]

Explanation

[Arriemoller]

Does anyone here have any experiance with E3 spark plugs on older vehicles, like 70, 80, 90s vehicles?

People with older cars seem to speak highly of them, whereas newer cars and turbo cars don't seem to get anything extra out of them.
They also seem to work very well on small engines, like lawn mowers. Thinking of ordering for my old Volvo, but wondering if anybody here have used them and can comment.

https://e3sparkplugs.com/

A test. https://www.youtube.com/watch?v=jcVF3xL_fzk&ab_channel=ProjectFarm

[Toxic2040]

What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.

All value is subjective.

It could be argued that all is subjective. And is.   

https://en.wikiversity.org/wiki/Does_objective_reality_exist%3F


Also is the fact that the human brain does not experience things in real time..there is lag so to speak. So that implies that everything we process is subjective. Another is we observe and try to deduce what is objective and subjective with senses that seem to be missing out on some 99.5% mass-energy content of the Universe.

A disturbing place to make assumptions from.

I digress.

My point being is that I think everything could be called subjective...especially what each individual covets.

[Copetech]

Does anyone here have any experiance with E3 spark plugs on older vehicles, like 70, 80, 90s vehicles?

People with older cars seem to speak highly of them, whereas newer cars and turbo cars don't seem to get anything extra out of them.
They also seem to work very well on small engines, like lawn mowers. Thinking of ordering for my old Volvo, but wondering if anybody here have used them and can comment.

https://e3sparkplugs.com/

A test. https://www.youtube.com/watch?v=jcVF3xL_fzk&ab_channel=ProjectFarm

An elaborate gimmick. Some would even say snake oil.
The circuit from electrode to ground is still the same. The spark jumps to the arm to ignite the fuel.
People who sing their praises are actually changing their behavior while monitoring performance and it is actually the changed behavior that yields results rather than the plug itself. At best, they work the same as the original design, BUT notice you have 3 smaller more fragile arms. I have heard several reports of the smaller arms breaking off in the cylinder and falling into the piston damaging the rings. Just adds an extra point of failure.
If you want real notable improvements in reliability, performance, and longevity of older and small engines, focus on a reliable source of ethanol free fuels.

[ChartBuddy]

Explanation

[Biodom]

... to derive value in the market, a phenomenon known as "shared subjectivity" which blurs the line between subjectivity and objectivity arises, whereby money derives a "shared subjective value" price from market participants who come to pricing agreements in trading based on the performance of various functions and intrinsic properties of the monetary good

.... these functions and properties that are usually ascribed to monetary goods that perform well in the shared subjective value stakes of monetary markets are well-known and described by over a century by classical monetary economists

According to Desjardins,[28] "many economists and experts in the field agree" that the functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, he states that money must be:[28]

    Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
    Durable: able to withstand repeated use.
    Divisibile: divisible to small units.
    Portable: easily carried and transported.
    Acceptable: everyone must accept the money as payment
    Uniform: all units of the same denomination have the same value
    Limited in supply: its supply in circulation must be limited.[28]

https://en.m.wikipedia.org/wiki/Money

... none of this is controversial, learn what money is, how it works and you will be good with money, like any other complex tool that aids in your survival. You shouldn't drive a car or shoot a firearm without learning how it works.

According to this definition ANY money is not "MONEY".

 Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability) -does not work if you have the same 'money', but happens to be in a 'wrong" jurisdiction.
    Durable: able to withstand repeated use-irrelevant because of point #1
    Divisibile: divisible to small units.-irrelevant because of point #1
    Portable: easily carried and transported.-irrelevant because of point #1; in addition, you might not be able to transport anything aka being stuck
    Acceptable: everyone must accept the money as payment.-definetly completely impossible as NOBODY is currently accepting a particular form of money for payment. You might not be able to pay with cash in some places, credit card in other, bitcoin in third, etc, etc.. bitcoin is not accepted everywhere, you cannot pay in almost any store with a gold bar or a heap of silver.
    Uniform: all units of the same denomination have the same value-almost within reach right now, but with some caveats that could be enforced to become insurmountable in the future (as far as bitcoin is concerned)
    Limited in supply: its supply in circulation must be limited.-important, but not relevant in the case of restrictions on use.

[Toxic2040]

the evening wall report

Bitcoin down another 1.87% today along with moderate distribution as weekend trading begins. Tension over the sitch globally still weighing heavily again on most markets.

dyor


4h



the s/r zone the price has been flip flopping around is pretty clear and seems to be coiling with a possible TKx- showing
D

stronghands