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

[ChartBuddy]

Explanation

[aesma]

Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?

At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?

all this is bullish for bitcoin, though.

I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?

no evidence that Signature was bankrupt and NO ONE even alleged that.

Are you a shareholder or are you upset a "crypto bank" went down ?

I don't know enough to be able to counter your point, but to me it seems clients were withdrawing funds at a rapid rate that the bank couldn't sustain (a bank run) and thus it would run out of cash in a matter of hours. Is that a bankruptcy ? I let you decide.

[ChartBuddy]

Explanation

[In the silence]

Anyone else think that Bitcoin needs a theme song?

This song gave me that idea : https://www.youtube.com/watch?v=0NML42xIQsI

GN everyone.

Here is my favorite song.
https://www.youtube.com/watch?v=GZ0YMSLZjfQ

[JayJuanGee]

"The market" doesnt want Bitcoin to stay over $28k now  ......

It will come in due course.

~snip
"We" already have a song.
https://www.youtube.com/watch?v=A7TuFy0fcuw
just saying.

They say people who live in glass houses shouldn't throw stones so firstly, I promise not to subject any of you to my attempts at the vocal arts and secondly,

Are you a hater of talent?  #askingforafriend

JUST IN: CNBC has reportedly delisted the Credit Default Swap data for 5 banks including JP Morgan and Bank of America 👀😮

https://twitter.com/BitcoinNewsCom/status/1640083816256614402?t=KhUNhtNYGXEtJ--lJzlHug&s=19

Yeah, but what does it mean?  

From time to time, we need some analysis so we can understand the significance of various potentially relevant substantive posts... We are supposed to try to figure it out ourselves?

Target price: 170,000 USD
Not bad.
Bullish.
My body is ready.

Mid to late 2025, no doubt about it.

proudhon better pay up.

he probably still holds enough so that 10k is peanuts for him ... and it would for many WOers, when we reach 170k

(10k would be under 0.06BTC)

Yep.

Even at current prices, 0.06 BTC can be hedged (bought) for about $1,650, so it surely seems doable to put that kind of BTC away.. as kind of an extra rainy day fund.

I would expect that proudhon has been keeping at least 0.06 BTC in cold-storage, and he might even have more than the amount that I admit to which is more than 10x more than that.. namely the 0.63 BTC amount that is likely going to be triple entry-level fuck you status in 12 years from now (3 cycles from now).. not guaranteed, but still seems like it could be.

Here is my favorite song.
https://www.youtube.com/watch?v=GZ0YMSLZjfQ

I like that one too.

[ChartBuddy]

Explanation

[Biodom]

Honestly, i don't even get the legality of it.
Say, you are a stockholder at the Signature bank.
Your stock is at $70 at the end of trading day on Fri, was trading freely all day, no halts.
Suddenly, this bank is "seized" on Sunday and you read the following:
"Shareholders and certain unsecured debtholders will not be protected", which means that your stock in this bank is suddenly worth ZERO.
No other explanation given. Is there any legal scholars to comment?

At this point, who would hold any other bank stock, apart from top 4 (JPM, C, BAC and WFC)?

all this is bullish for bitcoin, though.

I think there can be legal actions to get more details but I don't really see the issue. The bank got bankrupt and in bankruptcy shareholders are screwed. If it was another kind of company that could continue doing business under bankruptcy protection, shares might hold some value, but apparently there is no bankruptcy protection for banks, which is understandable as we just saw that banks need trust, who is going to trust a bankrupt bank ?

no evidence that Signature was bankrupt and NO ONE even alleged that.

Are you a shareholder or are you upset a "crypto bank" went down ?

I don't know enough to be able to counter your point, but to me it seems clients were withdrawing funds at a rapid rate that the bank couldn't sustain (a bank run) and thus it would run out of cash in a matter of hours. Is that a bankruptcy ? I let you decide.

you are talking about SVB, not Signature. There was very little 'run' at signature. The excuse was something else.
Not a shareholder, but seems like something strange.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[shahzadafzal]

HODL
https://twitter.com/LoveIsBitcoin21/status/1639943844052586499?s=20 (NSFW)

[Zeunerts]

Bitcoin, the path
To a future yet unknown
Digital gold rush


Borders disappear,
Bitcoin flows across the world,
One currency reigns.

[CryptoNetworks]

Crypto Price Today: Bitcoin nears $28,000; BNB, Ethereum & Polygon top gainers - Business Today

form

[ChartBuddy]

Explanation

[ErisDiscordia]

I'm confident we won't go above $5 for the rest of 2011 and I'm even more sure the price will never reach the all time high again.

Had actually taken all the bearish predictions in the past year or so half seriously. Now I realise why it's more a parody than anything else.

Am wondering if it's just the story of an early miner who sold all their coins and has forever been in regret?

It's a hilarious mystery. I think he's been trolling us for so long that most people think he's serious. I don't. I think he's a pope and he's sitting on fat stacks of sats.

[ChartBuddy]

Explanation

[Gachapin]

[edited out]

"We" already have a song.
https://www.youtube.com/watch?v=A7TuFy0fcuw
just saying.

gotta say JJG is right...

this one was too late, but it's a worthy contender:
https://www.youtube.com/watch?v=KTf5j9LDObk
singer reminds of a fat version of meth pusher Mr. V  ... especially the body movement

I have to give you credit for revealing that one.. (it was new to me), and I would say that it was a potential contender.. but the end..?  holy fucking shit.. a real buzz kill and there's an immediate need to kick that "bad boy" off the cliff once that shitcoin is brought up as if it is even in the ballpark of similar to bitcoin.... which we should already realize that affinity scams mislead folks whenever you paint them in a positive light.. next to king daddy.... that's a pretty serious infraction.

mmh yes, singing about meth as being in the same ball park with Bitcoin is misleading and deserves a batslap.
It certainly makes it a less worthy contender, in the end.  I will retract my former statement in order to avoid a slapping myself

However.. the singer looks like Mr. V (the meth pusher) and he shilling his stupid shitcoin in the end is quite funny me thinks.

[ChartBuddy]

Explanation

[shahzadafzal]

You should know!!!

[a298b112]

Explanation

Is there any explanation of this chart in more like ELI5 style? I did read the explanation provided underneath, however, I don't think I understood it. Especially it will be interesting to learn what people are making out of this chart? 

[ChartBuddy]

Explanation