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

[ChartBuddy]

Explanation

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[vapourminer]

buddy knows just keep us in the track.

it is easy to do as the track is really fucking wide.

like, can we lure buddy out of that track with donuts or maybe cookies? or high grade pure sinewaves or perhaps super stable dc  current conditioned with love, good wishes and made of only the finest electrons?

i mean sandwiches helped a bit but we need better incentives for buddy.

[El duderino_]

Musk tweets about crypto

BTC same-ish price

Musk never been relevant

[vapourminer]

Bitcoin checking its daily To-Do list since Dec-2020

hey thats my to-do list also.

i was gonna add "hodl" to my list but as "do nothing" includes that it simplifies things.

[ChartBuddy]

Explanation

[Lucius]

I fail to understand how BTC will ever shift from PoW to PoS, surely it's not even possible. What does that mean?

There will be no change, it's a crazy idea of people who don't even know how to define Bitcoin, let alone what POS would mean for Bitcoin. The proposed laws would not actually apply to all those cryptocurrencies that already exist and are traded or mined in the EU, but would in some way try to force them to start using green/renewable energy sources.

It also says that energy-intensive crypto assets that are already in use in the EU before the legislation comes into effect, will have to "set up and maintain a phased rollout plan to ensure compliance with such requirements" as specified in another part of the framework.

EU bureaucrats are not even able to read studies that clearly show how harmless Bitcoin mining is in the overall picture, let alone when it comes to the EU.

Either i totally confuse this or the parliament vote has to pass commission first to become a law?

This is how it works in the EU:

All the institutions of the European Union are involved in decision-making in one way or another.

This is how decisions are made in the EU:

    Heads of state and government make decisions on general policies in the European Council.
    The Commission makes proposals for new laws.
    The Parliament reviews the proposals and passes decisions together with the Council of Ministers.
    The Council of Ministers and Parliament approve the laws together.
    The Commission controls that decisions are followed in all member states.
    The European Court of Justice settles disagreements that may come up.

In the end, it all depends on the parliaments of each member state that may or may not have to pass such a law. The AML5, that was adopted a couple of years ago has not yet been adopted in my country - which means that I can go to a physical crypto exchange and buy or sell cryptocurrency up to EUR 2000 per transaction without KYC, which means I can draw dozens thousand EUR per day using various individual branches of this type.

[NeuroticFish]

He still thinks he's giving good advices here

Isn't this just as reformulation of "don't invest what you don't afford to lose"?

[aysg76]

This is right :



That's pretty true because if you have long term goals in your mind then you don't fear to invest in bitcoin knowing the fact you understand it's importance and deflationary nature.You would not care also at what prices you have invested like $35k or even $50k in one perspective when prices will be at $100k or above but if you think you have gained less then it's other way around because you can't always make maximum profits.You can't have the opportunity to invest at $1000 now so grab it now and avail long term benefits.

For those people who are not familiar with the person in the tweet he is the man who asked everyone to invest $1 only in bitcoin long ago and has shared his video on YouTube also :



And now he is living life king size :



If you know about bitcoin then invest in it if you can rather than going for those shitcoins in the market that are useless and will be lying dead in your wallets after few time.

[suchmoon]

Isn't this just as reformulation of "don't invest what you don't afford to lose"?

I believe it's a reformulation of "buy Tesla stock".

[ivomm]

This EU ban is total BS. Pushed by some fatneck bankers along the russia sanctions. They so hate BTCitcoin, but are helpless. People don't listen to them and continue hodling and accumulating. It amazes me how things have changed. Only a few years ago, I kept all my savings in the bank and thought they were 100% safe there. When I heard about bitcoin, I started mining and investing, but only what I was ready to lose, as some advised. Then the EU banks took a decision to ban transfers to crypto exchanges. But it didn't stop nobody from trading. The ridiculous thing is that half of the banks allow transfers to crypto exchanges and nobody knows why they do so, provided that they signed that agreement. The same will happen with the current ban if it is voted. The world already knows that banks are not safe anymore, governments lie and steal, and a war can wipe out your savings in a matter of seconds. And here we are at the exact opposite situation: you have to keep in the bank only what you are prepared to lose and be your own bank having your keys memorized. No crypto, no stables, just BTCitcoin. Everything else can be frozen, i.e. stolen from you by the owners. And that is why, BTCitcoin will prevail. USA already realized that and we can expect further adoption, which may lead to the status of a legal tender one day.

[ChartBuddy]

Explanation

[d_eddie]

I'm not making a moral argument, or saying we should be living in huts or anything like that. I'm taking a long haul flight across the Atlantic in ten days to vacation in the Caribbean (a certain socialist island...). I just think as we focus more and more on reducing emissions, POW cryptos will become a target, as well as other excessive emitters of CO2. Flying serves a purpose, whereas for most people cryptos don't. I even think it could be an existential threat to Bitcoin.

There is absolutely NO civilizationional purpose for you to haul your ass across the globe for a vacation, none whatsoever.
It's just your whim and civilization obliges (for now).
EU 'greens' should restrain themselves from air traveling first and foremost or travel by dirigibles.
Case closed.

Including Greta, who burns tons of fossil fuels just to go around and preach others not to do like herself.

[ChartBuddy]

Explanation

[Torque]

No one noticing that Chinese stocks are having another meltdown.

The Chinese govt cooks up another "Covid scare" to distract their people from the reality.

"Work from home due to Covid" in China is code for "Your job is now being evaluated, you may not have it anymore when this restructuring is over."

Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home for a week starting Monday.

The production halts include Apple supplier Foxconn, which said in a statement to CNBC its factories in the city would remain closed until notified by the government.

The city, sometimes called China’s “Silicon Valley,” has shut public transportation and begun a third city-wide round of testing. Shenzhen has reported more than 400 confirmed cases since late February.

https://www.cnbc.com/2022/03/14/chinas-silicon-valley-shenzhen-orders-production-halts-control-covid.html

[Richy_T]

It is kind of funny that it does nothing for more than a year, then boom-bam...late 2014-Oct 2015 was the exact same behavior and even a tighter range.
Anybody remember that $225-275 stuff? lol

I remember quite a lot of tinkerbell pictures.

[ChartBuddy]

Explanation

[Toxic2040]

-snip-

...Pushed by some fatneck bankers...

+1 WOsMerit


toothless saber rattling...something to keep a weather eye on tho methinks...and about a 100 solicitors
https://blockworks.co/eus-crypto-bill-mica-heads-to-a-monday-vote-without-proof-of-work-ban/

    A somewhat watered down version of a controverisal crypto bill in the EU is expected to be voted on within the Economic Committee on Monday
    Language that took aim at banning proof-of-work coins across the continent is notably absent

complete transcript
https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52020PC0593&from=EN


-------------

also from the 'more fuckery' dept.

CoinJoin, a bitcoin mixing service that’s part of the privacy-focused Wasabi Wallet, will start blocking bitcoin tagged with certain identifiers, according to an announcement on Sunday.

     ....is now blacklisting certain bitcoin from accessing its service.

    It applies to those using its default coordinator — but users can set up and use alternatives.

https://www.theblockcrypto.com/post/137668/bitcoin-mixing-service-coinjoin-starts-blacklisting-btc-tied-to-illegal-activity


disappoint



---------

the am sitrep

consolidation and light accumulation observed this morning with bitcoin trading just below $39kish on rising volumes
 
steady as she goes

dyor

1h

stronghands

[vapourminer]

-snip-

...Pushed by some fatneck bankers...

toothless saber rattling...something to keep a weather eye on tho methinks...and about a 100 solicitors
https://blockworks.co/eus-crypto-bill-mica-heads-to-a-monday-vote-without-proof-of-work-ban/

    A somewhat watered down version of a controverisal crypto bill in the EU is expected to be voted on within the Economic Committee on Monday
    Language that took aim at banning proof-of-work coins across the continent is notably absent

that PoW ban seemed to me to be the same as trying to ban the mining and trading of physical gold because its so energy intensive and (generally) destructive to the environment.

[Toxic2040]

4h addendum


stronghands

[Arriemoller]

A USA warship, the Arleigh Burke class – DDG 98 USS Forrest Sherman just entered a harbour in Sweden, it's leaving on thursday.
The Swedish prime minister and the Finish president is by a pure coincidence in the UK at the same time.
Another ship of the same class is in the baltic sea somewhere. If it shows up in a finnish harbour I will bet a few sats that Sweden and Finland are about to join NATO, we will know on thursday at the latest.
It's procedure to support and protect members to be during the process, hence (maybe) the ships.



Don't let the rust fool you, that just means it's a working ship, not a parade ship on official visit.