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

[Richy_T]

No. All mining just moves outside of the US. More money goes to the Chinese.

The current administration appears to be financially incompetent (or actually malicious) so it's hard to discount this could happen.

Not many people can afford to move their mining operations out side to another country and I think this only applies to companies and not people like you and me who mine. Moving it to another country means you have to trust someone to run it for you or you have to put it in a house or location you own which is a security or cost problem that most people can not over come.

Moves not to be taken as literal movement of miners and companies but rather changes in proportions by locale. Some companies could actually move, of course but a large proportion would more likely close and auction off equipment. Competition with countries like China is already stiff.

[LDL]

Elon's tweet: https://twitter.com/elonmusk/status/1634343907827019776?s=19

[ChartBuddy]

Explanation

[nutildah]

According to Bitcoin experts

"experts"

[John Abraham]

Huh?
I am not into altcoins. But, WTF is happening in the market today?
Three stablecoins de-pegged. Stablecoins are not stable anymore.

https://coinmarketcap.com/currencies/usd-coin/ USDC Was traded for $0.877
https://coinmarketcap.com/currencies/multi-collateral-dai/ DAI Was Traded for $0.911
https://coinmarketcap.com/currencies/fei-usd/ FEI Was traded for $0.89.

FEI was de-pegged in 2021. But, This is the first time for USDC and DAI.

Hey, You. Yes, You. Haha, You were afraid of Bitcoin, and you were holding USDC? 

[ChartBuddy]

Explanation

[Toxic2040]

these banks...these so called stable cons..ffs...will they never learn


not your keys not your corns

[El duderino_]

https://twitter.com/btc_archive/status/1634135319497809921?s=46&t=1pkPzC1FtXIsCLMoTb1G1Q

[ChartBuddy]

Explanation

[somac.]

Huh?
I am not into altcoins. But, WTF is happening in the market today?
Three stablecoins de-pegged. Stablecoins are not stable anymore.

https://coinmarketcap.com/currencies/usd-coin/ USDC Was traded for $0.877
https://coinmarketcap.com/currencies/multi-collateral-dai/ DAI Was Traded for $0.911
https://coinmarketcap.com/currencies/fei-usd/ FEI Was traded for $0.89.

FEI was de-pegged in 2021. But, This is the first time for USDC and DAI.

Hey, You. Yes, You. Haha, You were afraid of Bitcoin, and you were holding USDC? 

USDC has exposure to Silvergate and Silicon Valley Bank. Basically USDC is no longer fully backed (if it ever was).

[shahzadafzal]

Bitcoin is rat poison.

After all it’s so true!!!


https://www.reddit.com/r/Bitcoin/comments/11nu2ui/warren_buffett_bitcoin_is_rat_poison/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[cygan]

[BobLawblaw]

I just got off the phone with the CEO of Bitcoin and he said

ℕ𝕌𝕄𝔹𝔼ℝ𝕊

𝕎𝕀𝕃𝕃

ℂℍ𝔸ℕ𝔾𝔼

[bullrun2024bro]

Circle's USDC loses its peg an drops to $0.90. Risk-off in stables? Risk-off and buy Bitcoin instead!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Lucius]

Huh?
I am not into altcoins. But, WTF is happening in the market today?
Three stablecoins de-pegged. Stablecoins are not stable anymore.
~snip~

Did you sleep through the Terra/Luna fiasco? Everyone who after that still decided to seek their financial stability in the so-called "stablecoins" just decided to ignore the warning, which was more than clear.

[ChartBuddy]

Explanation