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

[Cosmic Beyonders]

Another stock price dump over at Tesla.
Sure it might just be Twitter related stuff but I reckon we are in for some big pain in the markets and I suspect the stock - BTC link hasn't been fully broken yet.
Hold onto your butts.

Done.



Respect +99

[ChartBuddy]

Explanation

[savetherainforest]

Might be good, might be bad. Not great, not terrible. I give it a 3.6 roentgen!    

[ChartBuddy]

Explanation

[Arriemoller]

Today Bitcoin price 38.3k USD. All the coins in the market are being dumped due to the dumping of Bitcoin prices.

Yes, and all your base are belong to us.

[Arriemoller]

Those sanctions are working well then.

Putin turns off the taps: Russia cuts off gas to Bulgaria and Poland in toughest response yet to Western sanctions, pushing European gas prices up 24%.
https://www.dailymail.co.uk/news/article-10758199/Russia-cuts-gas-Bulgaria-Poland-toughest-response-Western-sanctions.html

It will be cold winters starting from the end of this year for many Europeans.
But let's all continue to pretend we can build a billion wind farms, solar panels and nuclear power plants in the mean time.

European Union Commission President Ursula von der Leyen called the move 'yet another attempt by Russia to use gas as an instrument of blackmail. This is unjustified and unacceptable.'

Yeah! Russia should just accept being shut off from everything whilst we still get our gas, how dare they respond?!

 

I'm not justifying the Ukraine invasion, but the finger pointing by politicians in the west is truly astonishing.
Basically they fucked us over for decades pretending we can go green when we can't.
Many of us excelled in improving living standards by switching to service industries and letting poorer countries do manufacturing for us.
But to pretend we can continue down this path without energy is utter bollocks!


I expect to see much more of this, especially by the winter: "Putin and Bitcoin are the reasons why you can't afford your gas and electricity prices, nothing to do with us. Oh you want a nuclear power plant? Sorry, we are too busy sending 1000 tanks to Ukraine."

Your argumentation is all over the place.

Russia unilaterly changes an agreement saying that gas shall be paid in USD, to rubles, the counterpart insists with sticking to the agreement, Russia then breaks the agreement and shuts of the gas, and in your mind that is somehow fair.

And I fail to see why giving aid to Ukraine is in opposition to building power plants.

[empowering]

Sanctions/Cutting off gas

"and in your mind that is somehow fair."

WAR

?

[suchmoon]

Apologies if this has already been laughed at:

https://www.theblockcrypto.com/post/143328/bored-ape-instagram-account-hacked-nfts-worth-2-8-million-stolen

When the Instagram account was accessed, it was used to post a fake update claiming there was a LAND airdrop and users had to connect their wallets to claim the airdrop. This was taking advantage of the Bored Ape roadmap, which includes a metaverse game that will contain virtual land. When users connected to their wallets — and likely approved a transaction — the website stole their NFTs.

This has all the greatest hits of shitcoining - airdrop, instagram, metaverse, connecting wallets to random websites, NFTs... this "hack" is a work of art, pun intended.

Oh and it gets worse: the stolen NFTs are apparently blocked from trading on OpenSea (presumably they can still be sold elsewhere, but I might be wrong about the extent of centralization in this type of shitcoinery).

https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/4250

[somac.]

Those sanctions are working well then.

Putin turns off the taps: Russia cuts off gas to Bulgaria and Poland in toughest response yet to Western sanctions, pushing European gas prices up 24%.
https://www.dailymail.co.uk/news/article-10758199/Russia-cuts-gas-Bulgaria-Poland-toughest-response-Western-sanctions.html

It will be cold winters starting from the end of this year for many Europeans.
But let's all continue to pretend we can build a billion wind farms, solar panels and nuclear power plants in the mean time.

European Union Commission President Ursula von der Leyen called the move 'yet another attempt by Russia to use gas as an instrument of blackmail. This is unjustified and unacceptable.'

Yeah! Russia should just accept being shut off from everything whilst we still get our gas, how dare they respond?!

 

I'm not justifying the Ukraine invasion, but the finger pointing by politicians in the west is truly astonishing.
Basically they fucked us over for decades pretending we can go green when we can't.
Many of us excelled in improving living standards by switching to service industries and letting poorer countries do manufacturing for us.
But to pretend we can continue down this path without energy is utter bollocks!


I expect to see much more of this, especially by the winter: "Putin and Bitcoin are the reasons why you can't afford your gas and electricity prices, nothing to do with us. Oh you want a nuclear power plant? Sorry, we are too busy sending 1000 tanks to Ukraine."

Your argumentation is all over the place.

Russia unilaterly changes an agreement saying that gas shall be paid in USD, to rubles, the counterpart insists with sticking to the agreement, Russia then breaks the agreement and shuts of the gas, and in your mind that is somehow fair.

And I fail to see why giving aid to Ukraine is in opposition to building power plants.

Russia can not touch USD, their USD reserves have been frozen/stolen. To accept payment for their gas in USD is to give it all away for free. Why should Russia do that?

[cAPSLOCK]

Just want to post a sad brag.

I have mentioned my family is up against some medical issues right now.  The bills are eating us alive.  It is what it is.  I am trying to avoid putting too much strain on my corn horde, and am liquidating some other things as much as I can instead.  One thing was a small cadre of stocks that has done QUITE WELL over a short time as the markets have been irrationally going up as we all know.  Well... lol.  I think there is a great chance I sold these things at the tip top.  I am not a trader and usually if I try to make strategic moves any more complicated than DCA, or "buy when blood".  But I think the financial need of my circumstances just might have got me out right at the very moment that the US markets might just be peaking.  For now at least.

Now that I have said that the fed will announce negative interest rates and the rocket will keep going.

As to Bitcoin... I agree with bunny.  We could be in for a little nastiness as the markets start melting.  Ultimately we know where it goes though!

[Torque]

Based. I can hear them too, reeeeeeeeeee


https://twitter.com/saylor/status/1519006208207818757

[BobLawblaw]

FWIW, took the batch of coin I was looking to possibly sell on an upswing off the exchange last night and back into my possession. Lots of talk on Twitter about exchange rehypothecation. Gemini is under intense scrutiny, so don't genuinely have liquidity concerns with them, but it's the principle - decided I don't need 'em on an exchange since I put 'em up a little while back.

No way I'm selling in this quagmire.

Back to HODLing. Heading out to the ranch later on today to break in two rifles while Rick and a friend tend to the beehives.

NGL, ranch life is becoming real fun. Game cameras are picking up quite a bit of deer, coyote, hog, and raccoon activity; will be needing to cull coyotes and hogs off our property via 7.62x51

In drone world, the Autel Evo II is performing aerial mapping missions spectacularly. Really super impressed with their offering and can't wait for the III when it eventually is released. It's a crying shame DJI does not offer similar software allowing for aerial mapping missions. Did spend some quality time with the Mavic 3, and fell in love with the scroll-wheel 28x digital zoom being able to finely zoom with subtle nudges - incredible image capture capabilities!

Anyway, back to meatspace. Have a great day, frens.

[ChartBuddy]

Explanation

[Torque]

Today Bitcoin price 38.3k USD. All the coins in the market are being dumped due to the dumping of Bitcoin prices.

Stunning and brave analysis.

Just spectacular.

Jim Cramer is absolutely ass-blasted RN.

It's the worst bot I've seen on WO in a while.

Just look at this garbage:

I am Professional Bounty spreadsheet manager.I look forward to working with you. Let me know if you need a spreadsheet manager.
Contact: @bountyserviceterm. Thanks..

[Paashaas]

Central African Republic adopts bitcoin as legal currency.

The Central African Republic has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so behind El Salvador.

Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President Faustin Archange Touadera signed the measure into law, his chief of staff Obed Namsio said in a statement.

The CAR "is the first country in Africa to adopt bitcoin as legal tender," Namsio said.

"This move places the Central African Republic on the map of the world's boldest and most visionary countries," he declared.

[Torque]

Vegeta $39K bitcoin is the new $9K bitcoin.

[xhomerx10]

https://twitter.com/lopp/status/1519143573467369473?s=21&t=W5Q_11-sxhrkon-d7HWmcQ

 Simply following current legislation should prevent our elected heads of state from attending and involving themselves in the private WEF shenanigans funded by the 1000 top grossing corporations in the world.

 I'm sure that's too much to ask.

[ChartBuddy]

Explanation

[savetherainforest]

Central African Republic adopts bitcoin as legal currency.

The Central African Republic has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so behind El Salvador.

Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President Faustin Archange Touadera signed the measure into law, his chief of staff Obed Namsio said in a statement.

The CAR "is the first country in Africa to adopt bitcoin as legal tender," Namsio said.

"This move places the Central African Republic on the map of the world's boldest and most visionary countries," he declared.

That's bigger than the Brazil thing.

Africa is wayyyyy more desperate and devoted in achieving.  

[ivomm]

It's been nearly 6 months, since we have entered the bear market. It looks like in the last 4 months we are scratching the bottom with some ant pumps quickly erased by the bears. Is this a sign that a new bull market is emerging, it is hard to tell for now. What I've noticed is that at the end of each month the longs in Binance increase by 50-100%. Everytime they got liquidated in a matter of 1 week. It looks like a bunch of asians who take their paychecks at the end of the month, then pay the bills and the rest they put on 10-100x leverage/margin longs. These morons are simply cancer for BTCitcoin and Binance is definitely to blame 99% for the bear market. In the last day the volume there has been above 75K BTCitcoins. The average volume there is around 45K. Why is this? Is the price at ATH to sell so frantically? It is 39K, ffs! And what is so fun to lose your income each month btw? Is this a new kind of S&M porn? We used to be visited by some n00b traders boasting with like 10% profit and thinking they are some kind of geniuses. In the last 6 months, I haven't seen even a single post boasting with such a profit. The market somehow screwed up everyone of them... multiple times... with a rusty pipe   All this is quite irrational. The balance on exchanges is decreasing by 30%+ each year. Only on the cancer exchange Binance it remains relatively constant. Thus it creates an artificial bear market which will be destroyed unexpectedly by the supply shock on the remaining exchanges. Until then I can't see an improvement. If an asset is dominated by players who like to lose all, the price can't go up. Only if they become a minority, the price will go up again.