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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[bitcoinPsycho]

Chartbuddy dominance 58%

[ChartBuddy]

Explanation

[BobLawblaw]

Size not be requirement just Enjoy and see brother 

[Hueristic]

https://docs.house.gov/meetings/BA/BA21/20230419/115753/BILLS-118pih-Toproviderequirementsforpaymentstablecoinissuersresearchonadigitaldollarandforotherpurposes.pdf

But what is it?

Are "we" actually supposed to read to find out?

https://docs.house.gov/meetings/BA/BA21/20230419/115753/BILLS-118pih-Toproviderequirementsforpaymentstablecoinissuersresearchonadigitaldollarandforotherpurposes.pdf

Thanks...interesting.

Upon an initial read, here are some nuggets: they distinguish between "payment stablecoins" and "endogenously collaterized stablecoins".
obviously, USDC/USDT fits into cat 1 and cat2 is like infamous 'almost dead' Luna. Cat 1 can only have cash, 90 day Treasury bills, deposits with Fed reserve and 7 day repurchasing agreements for 90 day bills backing it (at least 1:1). Another interesting point: deposits of payment stablecoins are deemed as legally belonging to a person, NOT to the institution which holds them. Even more interestingly, if a payment stablecoin issuer goes bankrupt, stablecoin owners have first dibs on remaining assets (their rights are higher than anybody else).

On a more sombre note, stablecoins are NOT covered by FDIC and it is expressly forbidden telling customers otherwise. BTW, the issuance of new "endogenously collaterized" stablecoins is prohibited for 2 years under moratorium, but current are  grandfathered in. Did not see a part if current "payment stablecoins" (like USDC/USDT) are grandfathered in or not-the doc it too long. Maybe someone else can pinpoint this part.

Obviously, Wall Street wants to "play" with stablecoins, but, personally, I don't see much need for them now, especially when fast payment rails would be established soon. Perhaps, stablecoins is a way for banks to get back into the payments (after they were effectively cut off by the FedNow system).

Oh?

Biodom to the rescue.

 

Its not much tougher to read than one of your long winded posts.

Actually I see a attack vector in there that I'm waiting for others to notice.

Maybe ask GPT with the "petertodd" token to ELI5 for those of you using that.

[Hueristic]

Bitcoin: "I found this image from the conference last year for you"

Maybe a KArples "associate".

[zaki12]

#Bitcoin is a self fulfilling prophecy.



https://twitter.com/BitcoinMagazine/status/1647580889247801345?cxt=HHwWgoCzpd2Fsd0tAAAA

[ChartBuddy]

Explanation

[OgNasty]

Now I am starting to appreciate that this thread is "going down hill."

I think it’s a show of confidence that holders are happy we’re in the upswing of this 4-year cycle and don’t give a fuck about the price until it’s time to sell. That, or toilet humor is ageless and something we all can enjoy. I think a thread on westerners using toilets in unique ways might be necessary for entertainment purposes.

I’m just glad people aren’t debating whether it is time to sell now or hold until six figures. That would be even more ridiculous.

[macson]

Me: "Hey, Bitcoin. Describe your market action over the last couple days."
Bitcoin: "I found this image from the conference last year for you"

is she or he 🤨

[philipma1957]

Now I am starting to appreciate that this thread is "going down hill."

I think it’s a show of confidence that holders are happy we’re in the upswing of this 4-year cycle and don’t give a fuck about the price until it’s time to sell. That, or toilet humor is ageless and something we all can enjoy. I think a thread on westerners using toilets in unique ways might be necessary for entertainment purposes.

I’m just glad people aren’t debating whether it is time to sell now or hold until six figures. That would be even more ridiculous.

well I would sell everything at 100k.

but I would still be mining ⛏️. Then I would hodl those coins.

[JimboToronto]

is she or he 🤨

it

[ChartBuddy]

Explanation

[philipma1957]

Me: "Hey, Bitcoin. Describe your market action over the last couple days."
Bitcoin: "I found this image from the conference last year for you"

is she or he 🤨

She I think

It looks like a breast next to her wrist, look at the right wrist and the world whale shift a bit left and I think that is a breast.

[El duderino_]

Now I am starting to appreciate that this thread is "going down hill."

I think it’s a show of confidence that holders are happy we’re in the upswing of this 4-year cycle and don’t give a fuck about the price until it’s time to sell. That, or toilet humor is ageless and something we all can enjoy. I think a thread on westerners using toilets in unique ways might be necessary for entertainment purposes.

I’m just glad people aren’t debating whether it is time to sell now or hold until six figures. That would be even more ridiculous.

Hodling my bitcoin
Price surges, temptations rise
Only sell when must

[Arriemoller]

Cold from hell remnant
Still lives in my left nostril
A weird cold indeed

[AlcoHoDL]

"It might make some sense...
...to get some corn just in case."
—S. Nakamoto.

Knowledge ain't power.
It's how you use it that counts.
Many knew, few bought.

There's no one to blame,
But you and your sorry ass,
For not buying some.

Now go belly-down,
And let Bob do his pipe thing,
While Jay batslaps you.

And if you still doubt,
I can offer you no hope.
You're as good as dead.

#5sundayhaikus

[JimboToronto]

Good morn Bitcoinland.
Still over thirty thousand.
Of course keep holding.

Why sell when you can
Take your profits in Bitcoin?
It makes much more sense.

[ChartBuddy]

Explanation