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

[AverageGlabella]

You've never heard of Europol? Well, it's not exactly a third-rate news portal that publishes clickbait headlines to get as many clicks as possible.

I did not make that connection and I did not know that they reported on things like this. I guess localbitcoins was based in euorpe if they are involved? I guess this could be bad for localbitcoins. They said you have 12 months to withdraw btc from their platform but hearing this news I would recommend people get their btc off of the platform asap because if the investigation does show that they are guilty for breaching sanctions then they could be shut down and taken over and people could lose what is stored on there.

[1714217760]

1714217760

[shahzadafzal]

Final settlement cheque…!!

[Biodom]

Final settlement cheque…!!

You lost me there, pal
What check (or how british and former non-USA british empire members write it, cheque)?

[ChartBuddy]

Explanation

[Hueristic]

Must be the tax office or the registry.

[BitcoinBunny]

You know, I am glad that centralized staking services on exchanges are getting bent over by the government. It was only a matter of time anyway. You cannot centralized something which is meant to be decentralized.

But what is the SEC going to do about DeFI? Kick and scream and achieve nothing?  Because there is nothing they can do.

I'm not glad at all, as it simply demonstrates the governments have become big bloated piece of crap balloons that need to be popped before they consume all of us and you need regulations for everything you can possibly do, every second of every single fucking day.

The whole point BTC was invented is to circumvent these scamming big government cunts.

[Hueristic]

Final settlement cheque…!!

You lost me there, pal
What check (or how british and former non-USA british empire members write it, cheque)?

Lol, signed with a dick.
Guess they are trying to convey we are getting the shaft...as per usual.

Btc going down again, localbitcoins shut down and I am still not legendary...

Congrats, good timing.

[ChartBuddy]

Explanation

[philipma1957]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below


https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

[ChartBuddy]

Explanation

[Hueristic]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below


https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

I think they are under reported, I had one last year.

Docs couldn't find it and I treated it with vinegar to good success.

I went to emergency room a few times and all they did were bacterial tests.

I got it through on of my new studs as there is a gap under the tooth and stuff gets stuck in there.

It's pretty scary when you wake up and all your nodes are painful and your chest hurts when your heart pumps.

I literally was doing calisthenics in the hallway in the middle of the night to get the blood pumping and that relieved the symptoms.

BTW I don't think there can be a vaccine for fungal.

[JayJuanGee]

...unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.

New York Fed  -  The Bitcoin–Macro Disconnect
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf

"6 Conclusions
Is macroeconomic news driving Bitcoin? In this paper, we conduct a systematic analysis of the impact of macroeconomic and monetary policy news on Bitcoin’s price. We model Bitcoin as an asset with no intrinsic value for which its current price depends on the discounted value of its future price. In our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."

duh they still do not understand the why of it.

please note my quote is from the fed article.

Yep.. that's a good point Philip.

They consider bitcoin as uncorrelated, which is probably a correct conclusion; however, they arrive at such "uncorrelated" conclusion based on the wrong reasons, and they are trying to argue (desperate or what?) the same bullshit that fails to appreciate any kind of value/utility in bitcoin beyond speculation, and such bold face lies are not going to be very convincing for anyone who even spends 20-100 hours really studying bitcoin. .and then realize that even if we might not agree upon the extent to which bitcoin is useful or that it has utility, anyone who is assigning "zero" utility of it is engaging in bold face lying or they are delusional.  Just the mere ability to send value without an intermediary is valuable as fuck, even if there might be some obstacles and some volatility.. or even loss of value within the range of bitcoin's ongoing price dynamics possibilities.... and yeah, sure there could be ways to remove or lessen BTC's liquidity through various attacks and freezing of avenues, but then where the fuck is bitcoin going to go?  more and more underground.. so not sure what that accomplishes beyond just making the war (battle) more obvious.

CMF CCMF is otherwise flipping back to bearish (after bearish divergence) suggesting some further downside or sideways before more upside.

FTFY.. since I don't know what is CMF, but I do know what is CCMF.

[philipma1957]

...unlike other U.S. asset classes, Bitcoin is orthogonal to monetary and macroeconomic news. This disconnect is puzzling as unexpected changes in discount rates should, in principle, affect the price of Bitcoin even when interpreting Bitcoin as a purely speculative asset.

New York Fed  -  The Bitcoin–Macro Disconnect
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf

"6 Conclusions
Is macroeconomic news driving Bitcoin? In this paper, we conduct a systematic analysis of the impact of macroeconomic and monetary policy news on Bitcoin’s price. We model Bitcoin as an asset with no intrinsic value for which its current price depends on the discounted value of its future price. In our empirical analysis, we find that Bitcoin is unresponsive to both monetary and macroeconomic news. In particular, the result that Bitcoin does not react to monetary news is puzzling as it casts some doubts on the role of discount rates in pricing Bitcoin. Given the short sample used in the analysis, however, more evidence is needed to assess the disconnect between Bitcoin and macroeconomic fundamentals."

duh they still do not understand the why of it.

please note my quote is from the fed article.

Yep.. that's a good point Philip.

They consider bitcoin as uncorrelated, which is probably a correct conclusion; however, they arrive at such "uncorrelated" conclusion based on the wrong reasons, and they are trying to argue (desperate or what?) the same bullshit that fails to appreciate any kind of value/utility in bitcoin beyond speculation, and such bold face lies are not going to be very convincing for anyone who even spends 20-100 hours really studying bitcoin. .and then realize that even if we might not agree upon the extent to which bitcoin is useful or that it has utility, anyone who is assigning "zero" utility of it is engaging in bold face lying or they are delusional.  Just the mere ability to send value without an intermediary is valuable as fuck, even if there might be some obstacles and some volatility.. or even loss of value within the range of bitcoin's ongoing price dynamics possibilities.... and yeah, sure there could be ways to remove or lessen BTC's liquidity through various attacks and freezing of avenues, but then where the fuck is bitcoin going to go?  more and more underground.. so not sure what that accomplishes beyond just making the war (battle) more obvious.

We used a combination of BTC mining and New Jersey solar power incentives to build a 45kwatt solar array a 115kwatt solar array and a 280kwatt solar arrary.


These small commercial projects are scalable to 2megawatts in NJ. You need a proper site and an investor willing to create the array mean we can have a lot more setups done like this.

[eXPHorizon]

[ChartBuddy]

Explanation

[eXPHorizon]

https://www.youtube.com/watch?v=4qlCC1GOwFw


 One Step Closer - Linkin Park


 cannot take this anymore
I'm saying everything I've said before
All these words they make no sense
I find bliss in ignorance
Less I hear the less you'll say
But you'll find that out anyway
Just like before

[JayJuanGee]

This criminal gangster lot deserve a 290% decrease!

MPs' pay will increase by 2.9% in April
https://www.bbc.co.uk/news/uk-politics-64581869

You cannot reduce any given number by more than 100% without going into the negative.  #justsaying

im bored

Maybe someone should slap you?






Anyone?







Anyone?





hahahahahahaha

you're saying maxis aren't supposed to use bitcoin for what it was actually made to do?
...

He might mean this.

Hey BTC finally breached the $1 million USD mark, wow. Unfortunately $1 million only buys you a snickers in today's money thanks to presidents HillyBillyBob Clinton Jr, Camel Z. Harris Jr, Hunter Biden Jr and Donald Trump Jr Jr. How long did you say you were hodling again?

Well almost agree with HI-TEC99… HODL doesn't mean cut off your life spendings and live a miserable life, while hodling a stash like “my precious”. At the same time it also depends how much are in in Bitcoin.

To me HODL means don’t touch it, unless you are left with no other option. I remember in OCT/NOV of 2020 I was about to sale “some” for an urgent need but then at the last moment fulfilled that need with a credit card and paid back it in monthly installments (0% interest) that’s how you HODL… resist as much as possible!!!

In BitcoinBunny case if you going to hodl that long… let me tell you… you are going to spoil you grand kids… if you know what I mean.

Yep.. I think that there are ways to figure out how to spend your BTC, or to figure out if you have other options and/or the extent to which selling a bit of BTC or employing the other options would potentially be a better short term play.  Sometimes mistakes will be made, and surely the longer that we hold BTC, the less likely that any of our small or skimming off some profits mistakes are going to matter or make many differences, so long as we largely are able to figure out ways to secure an overwhelming majority of our BTC stash in order that rug pulls from third parties are not necessarily going to personally affect us in material/significant ways.

Gulp! Gulp!  

https://youtu.be/XatesnI2dcg

That song title reminds me of Biodom's BIG Gulp bitcoin investment/accumulation strategy... but he (Biodom) only does right around 3 BIG gulps(give or take 2 gulps) per bitcoin cycle . #justsaying.....  also surely not investment advice.. do your own research and etc. etc. etc.

[shahzadafzal]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below

https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

I think they are under reported, I had one last year.

Docs couldn't find it and I treated it with vinegar to good success.

I went to emergency room a few times and all they did were bacterial tests.

I got it through on of my new studs as there is a gap under the tooth and stuff gets stuck in there.

It's pretty scary when you wake up and all your nodes are painful and your chest hurts when your heart pumps.

I literally was doing calisthenics in the hallway in the middle of the night to get the blood pumping and that relieved the symptoms.

BTW I don't think there can be a vaccine for fungal.

Referring to the HBO’s Last of Us S1E1 if you haven’t watched here’s the clip mentioned in the article

https://youtube.com/shorts/l8JRlMqP0Zc?feature=share

It’s scary yes… and it’s as likely to happen as earth getting hit by Solar Flare in a solar storm or getting wiped out by a Gamma-ray burst or earth getting hit by a huge meteorite asteroid.

Edit:
If you are on mobile google “meteorite” right now and wait for couple of seconds.

[alastantiger]

Hey guys new fud

Fungal infections are becoming more common. Why isn't there a vaccine?

from below

https://www.yahoo.com/lifestyle/fungal-infections-becoming-more-common-120000710.html

I think they are under reported, I had one last year.

Docs couldn't find it and I treated it with vinegar to good success.

I went to emergency room a few times and all they did were bacterial tests.

I got it through on of my new studs as there is a gap under the tooth and stuff gets stuck in there.

It's pretty scary when you wake up and all your nodes are painful and your chest hurts when your heart pumps.

I literally was doing calisthenics in the hallway in the middle of the night to get the blood pumping and that relieved the symptoms.

BTW I don't think there can be a vaccine for fungal.

There are several reasons why it is difficult to develop vaccines for fungal infections Some of the reasons are that Fungi are more have more complexities than bacteria and viruses. Because of this,  is makes it a difficult thing to create a vaccine that would be successful at targeting the virus. Furthermore, the human immune system has its way of reacting fungal infections which is very different from how it does with  viral infections. The challenges lies in developing a vaccine that can safe work with the human immune system.

[ChartBuddy]

Explanation