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

[Lainta]

https://twitter.com/BitcoinNewsCom/status/1637469174321561601?t=_Plo84cGHA769rljKeDQtQ&s=19

[bitcoinPsycho]

30K by tomorrow easy

[Biodom]

Not sure if this was posted already or not:

https://blog.bitmex.com/kaiseki/

TL;DR Arthur Hayes explains new policies and their impact on almost everything...pretty cool...selling stonks, buying btc, etc, etc.

[bitcoinPsycho]

BREAKING!!!!

Swiss government confirms banks are fucked

[ChartBuddy]

Explanation

[jojo69]

[BitcoinBunny]

Leave it to the literal Nazi bank UBS to come to Credit Suisse's "rescue". Another criminal organisation taking over a criminal organisation.

The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.

Both banks will be given a liquidity assistance loan of up to $110bn.

In other words: a criminal bail out using tax payer's money. $12,600 per Swiss citizen, that includes children and pensioners. Astonishing.

Bitcoin is literally the only way forward. Criminal western governments and criminal western central banks have confirmed this through their constant criminal actions.

[Biodom]

Leave it to the literal Nazi bank UBS to come to Credit Suisse's "rescue". Another criminal organisation taking over a criminal organisation.

The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.

Both banks will be given a liquidity assistance loan of up to $110bn.

In other words: a criminal bail out using tax payer's money.

Bitcoin is literally the only way forward. Criminal western governments and criminal western central banks have confirmed this through their constant criminal actions.

is it in addition to 54 bil given to CS the other day, or including, I wonder.
100bil here, 2 tril there...and soon we are talking about "real" money  .

[BitcoinBunny]

Leave it to the literal Nazi bank UBS to come to Credit Suisse's "rescue". Another criminal organisation taking over a criminal organisation.

The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.

Both banks will be given a liquidity assistance loan of up to $110bn.

In other words: a criminal bail out using tax payer's money.

Bitcoin is literally the only way forward. Criminal western governments and criminal western central banks have confirmed this through their constant criminal actions.

is it in addition to 54 bil given to CS the other day, or including, I wonder.
100bil here, 2 tril there...and soon we are talking about "real" money  .

The amount of money they are throwing around is insane and no one is putting this in perspective.

In perspective:
Switzerland could literally have built 3 nuclear power plants for that amount of money and given all its citizens free energy.

Edit: apparently it doesn't need to due to existing hydro and nuclear but this simply shows the reliance of other countries on foreign gas and foreign oil just being pure insanity in this day when so much money IS available for a criminal bank but the rest of the west had to put up with insane energy cost jumps solely due to "Putin" supposedly.

[ChartBuddy]

Explanation

[Richy_T]

JUST IN: Blackrock CEO - “#bitcoin    
has somehow emerged as a safe haven for investors” 😱 🙌



https://twitter.com/BitcoinNewsCom/status/1637397751792037888?t=pKYxhorS5IAqb31gA11NRA&s=19

"Somehow"

[Richy_T]

This pic was just posted just 5 months ago and it's even less relevant now.  Paper money will become CBDCs (Central Bank Digital Currencies) first.  Then, once people realize how CBDCs and freedom are incompatible, they might switch to Bitcoin but after what I've witnessed in the last few years, I am more inclined to believe most will take whatever vaccine they are told to take to prevent Bitcoinization.

paper money will be converted into digital money you are correct but it will probably last a long time. paper money has landed many years and people are not thinking about changing to Bitcoin yet and only a few people have. Digital money will probably last just as long as paper money before finally it will start failing and people will look for a alternative. I do not know if Bitcoin will be attractive enough for people to convert to Bitcoin by the time digital money fails and people might be more skeptical because digital money is similar to Bitcoin in their eyes because it is digital.

It'll be like prison and we'll all be trading smokes.

Didn't laundry detergent become a means of exchange somewhere? Venezuela? Tide pods might be convenient enough.

[Popkon6]

Bitcoin price is good news for sellers right now. And those who are buyers have just passed the waiting period. I think Bitcoin price will definitely touch 30k dollar. Bitcoin has been through a lot of bloodshed. A few days ago, due to the bad news of Silk Road and Silicon Valley Bank, Bitcoin fell to 19k dollar. But the price increased from there and currently stands at 28.2k dollar. So Bitcoin price is going to rally to 30K dollar by March.

[goldkingcoiner]

Wow whens the last time we had a 28%+ weekly candle? 2017?

[Richy_T]

The de-Dollarisation happening outside of the west will be the ultimate wake up call and nail in the coffin to never go back to these types of big imperialist governments surely.

I think people do not have the tools to be able to make this change. They want somebody else to take care of things and the abdication of power leads to the inevitable scumbags picking it up. I think liberty minded folk are going to have to find a way to make free ways of thinking part of the common man's toolkit (Bitcoin may be a large part of this). Over the very long term, things have been improving but it's a three-steps-forward, two-steps-back situation.

[Richy_T]

it's done...trading closed at $8bil valuation, initial offer $1bil, accepted at above $2bil.

https://www.bloomberg.com/news/articles/2023-03-19/ubs-agrees-to-buy-credit-suisse-in-historic-deal-to-end-crisis

bitcoin did not react much...immediately.

Banks too big to fail? Why not make them bigger?

[JayJuanGee]

[edited out]

You just don't realize how profitable bitcoin mining is IF you managed to buy machines when prices are at the low side and/or if your cost of energy is also low (and phil's is because it is solar).
In late 2021 it was possible to even sell the miner you bought in mid-late 2019 for 2-4X $ cost (and maybe even more) even AFTER it mined for two years (I wasn't smart enough to do it this way, unfortunately).
Phil just told you that one 100th machine earns $8/day, which means roughly 2-2.5K a year (after adjustment for difficulty rise), which means that machine is paid off in a year and after that almost pure profit (or at least 70% margin) if electricity is 4-5c/kwh.
Imagine what this miner would earn if btc price doubles or triples.

Maybe you are not a techie, but setting up a mining machine is ten times simpler than a new laptop. Lots of noise, though...home mining is only advisable if you have 5-7c or below power and a basement (or shed) as it is unbearable in the living quarters even with an empty room and the closed door. Need right cables too as it "eats" a lot. Your typical home cables are no good as it is best at 220-240V (with US being typically at 110V, apart from washer/dryer).

I doubt that I am suggesting that mining is not profitable and that guys can choose to mine if they like, including that I even conceded that there was a mining windfall in 2021 for those who were already set up in mining and who did not end up getting too greedy.

I have repeatedly criticized Phil for advocating selling BTC below $20k and for pumping IBonds in the around $16k BTC prices, and also I have criticized him for uptalking shitcoins and also proclaiming that hashrate leads price and/or that his current DCA'ing approach is even close to the full picture, when he started it out (or perhaps primed up his cash reserves) by selling below $20k first.  I have also criticized him for seeming to engage in behaviors that would be more fitting for someone who is way younger in his timeline, when he admits to his age factor.. even though surely, there are things that he says that are correct, and I generally like him in terms of his likely being a genuine person... but there are quite a few times that he gets a wee bit into too much advocacy for approaches that are more individualistic and likely not very good best practices, even if someone might kind of fit his situation.. though of course, I have no problems with ideas of having more liquidity (or even more value in cash rather than bitcoin for someone who is in their mid 60s).

Regarding you other various assertions about how "easy peasy" you are suggesting mining to be, I think that it is way the fuck better to get normies off of zero and with more simple and straight-forward techniques rather than suggesting how "easy-peasy" it is to mine.. fuck that nonsense.. let's walk before we run.. same thing with your suggestion that it is better to try to time the market when you get in rather than starting out with the better and more straightforward DCA approach.. .. Yes, more sophisticated approaches can be taken, but we are really early in our adoption phases and we have around 99% orf the world's population who are either no coiners or low coiners.. and it seems good to be attempting to address various ways to get people off of zero... or maybe figuring out ways to become more aggressive/assertive in their BTC accumulation methods without overly complicating matters.. and the basics of getting finances in order and figuring out how aggressive that someone is able to become through something like dCA seems to be something that is more in the range of doable.. rather than either timing the market or making nonsense (and likely hyperbolic assertions) that "mining is easy peasy.. and even you can do it JJG.. blah blah blah.. "  Yes.. .Biodom.. seems to get pleasure from starting out by complicating matters and suggesting that "anyone can do it."...  

.....The rule by OP which clearly states "Do not post random comments on this thread, unless it is directly related to the last wall update" but you are too ignorant to read them.

You must be new here.

+ You must be new here.

Yes, I'm new to this page.

Me too.

[ChartBuddy]

Explanation

[jbreher]

w.reuters.com/business/finance/us-regulator-taps-piper-sandler-new-bid-sell-silicon-valley-bank-sources-2023-03-15/

A hidden pearl found at that link:

Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added.

Fake news: https://www.coindesk.com/policy/2023/03/17/fdic-denies-report-signature-bank-purchaser-must-divest-crypto/

Will Reuters issue a retraction? I'm guessing no.

[dragonvslinux]

Wow whens the last time we had a 28%+ weekly candle? 2017?

End of 2017 even if not mistaken. Still needs to close above around $28K for it to be the biggest green candle since then, but also only a few hours to go now.

Best after the +35% to $20K in 2017 was +25% in February 2021 by looks of it. Either way, it's a strong Weekly candle!