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

[ChartBuddy]

Explanation

[JayJuanGee]

Been shoveling all day, pony stable groundwork.

Here's a source regarding my previous post, btw:
EU lawmakers approve world’s first comprehensive framework for crypto regulation

Is that good or bad in your opinion?

I'm one of the people who think government should keep its dirty hands out of private property, which bitcoin is. The way I see it all regulation is bad.
The EU wants more KYC and more paid licenses, that's what it's all about.
Next step - they'll reach into pockets of private users and demand them to declare their bitcoin wallets so they can assign each address to a name.

I think that governments have rights to attempt to regulate bitcoin in a variety of ways because there are a lot of aspects of bitcoin that relate to the public good...

yet, the level of their draconian-ness is likely another story in terms of how the various battles are going to play out, including the fact that bitcoin is likely going to force various governments to become more responsible, especially since bitcoin disincentivizes the debasing of the money because it competes with the governments in terms of attracting people into it.. because bitcoin is the most sound of monies, and it bothers a lot of government and financial people and even status quo richie (cantillionaires) who want to be able to control bitcoin, and they are not going to be able to use their traditional tools to control bitcoin like they have been able to do with other kinds of monies... but does not mean that they are not going to try... and even battle for a century or more before some kind of balance might be more in the mix, perhaps?  In the mean time, our investment timelines are likely way shorter than a century in terms of choosing whether to buy bitcoin and how much.. or how to go about it based on our own circumstances.

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.

The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.

https://bitinfocharts.com/bitcoin/address/12At4GGP8J5p4MtdjNy1SPSkqKEM1mw2FS
https://twitter.com/lookonchain/status/1649387289745977344?s=19
https://decrypt.co/137493/bitcoin-whale-moves-nearly-8m-after-10-years-inactivity

Ey man dont report my movements

What a dream to have that ammount of BTC....

Well i also think some guys in this forum maybe are whales... but we are never gonna know and its ok.

Depends on your goals and the timeline in which you would like to reach such goals.

Of course, some folks want to reach their goals immediately, but that does not seem to be realistic, and I am not even sure if more than 1k coins would be necessary for a whole hell of a lot of people to reach their goals.. .. especially, if we might consider that an entry-level fuck you status might be in the ballpark of having something like $2 million in value.. and surely if you hang onto bitcoin, then maybe you would not even need $2 million in value currently, but some fraction of that... to get to entry-level fuck you status.

Surely, there are some guys who believe that they need way more than entry-level fuck you status.. but still more than 1k coins?  That's more like filthy rich status.. and does any normie really need that in order to be happy?

Another thing is if some guy/gal acquired more than 1k BTC in 2012/2013 and then did not move them until now?  Does not really sound like a normie to me, and perhaps that person has quite a few more coins, besides those ones that moved.

[ChartBuddy]

Explanation

[HI-TEC99]

...Just because no one is cheering for shitcoins does not mean that they are going to go away or that they will not continue to exist.

There are always going to be a variety of ways in which people are scammed, including snake oils and snake oil salesmen.

Doesn't mean that we should be promoting that crap.

...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]

[ChartBuddy]

Explanation

[Who is John Galt?]

"If God had meant us to fly he'd have given us wings." It is cruel to demand from the euro what is impossible for its kind.

[philipma1957]

"If God had meant us to fly he'd have given us wings." It is cruel to demand from the euro what is impossible for its kind.

Thanks for a morning chuckle

[ChartBuddy]

Explanation

[AlcoHoDL]

Been shoveling all day, pony stable groundwork.

Here's a source regarding my previous post, btw:
EU lawmakers approve world’s first comprehensive framework for crypto regulation

Is that good or bad in your opinion?

I'm one of the people who think government should keep its dirty hands out of private property, which bitcoin is. The way I see it all regulation is bad.
The EU wants more KYC and more paid licenses, that's what it's all about.
Next step - they'll reach into pockets of private users and demand them to declare their bitcoin wallets so they can assign each address to a name.

I think that governments have rights to attempt to regulate bitcoin in a variety of ways because there are a lot of aspects of bitcoin that relate to the public good...

yet, the level of their draconian-ness is likely another story in terms of how the various battles are going to play out, including the fact that bitcoin is likely going to force various governments to become more responsible, especially since bitcoin disincentivizes the debasing of the money because it competes with the governments in terms of attracting people into it.. because bitcoin is the most sound of monies, and it bothers a lot of government and financial people and even status quo richie (cantillionaires) who want to be able to control bitcoin, and they are not going to be able to use their traditional tools to control bitcoin like they have been able to do with other kinds of monies... but does not mean that they are not going to try... and even battle for a century or more before some kind of balance might be more in the mix, perhaps?  In the mean time, our investment timelines are likely way shorter than a century in terms of choosing whether to buy bitcoin and how much.. or how to go about it based on our own circumstances.

[...]

Well said.

Bitcoin regulation will happen, whether we like it or not. The lack of Bitcoin regulation is one of the reasons for its relatively slow adoption. The goal should be to achieve a form of regulation that preserves the rights and freedoms of the people, by using Bitcoin's unique properties to exert pressure on the governments. This should be done gradually and smartly, using socioeconomic and scientific evidence to push for a pro-Bitcoin regulatory framework.

Having said the above, the battles to be fought will not be small, and there will be casualties and "collateral damage". The EU MiCA regulation is probably the first in a series of such battles to be fought.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@Vivek4real_
Are you ready for $300K BTC?

https://twitter.com/vivek4real_/status/1649729820568215553



Are we ready for $300k?

I could certainly deal with that outcome.

[HI-TEC99]

@Vivek4real_
Are you ready for $300K BTC?

https://twitter.com/vivek4real_/status/1649729820568215553



Are we ready for $300k?

I could certainly deal with that outcome.

What's after $1 million?

When $1 billion?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Torque]

The Wall Street grifts never cease to amaze me. But I guess they learned from the best (shitcoin ICOs and DeFi scams).

WTAF.   

https://www.cnbc.com/select/what-is-stock-lending/

[OutOfMemory]

Been shoveling all day, pony stable groundwork.

Here's a source regarding my previous post, btw:

EU lawmakers approve world’s first comprehensive framework for crypto regulation

Is that good or bad in your opinion?

I'm one of the people who think government should keep its dirty hands out of private property, which bitcoin is. The way I see it all regulation is bad.
The EU wants more KYC and more paid licenses, that's what it's all about.
Next step - they'll reach into pockets of private users and demand them to declare their bitcoin wallets so they can assign each address to a name.

It's good and bad, imo, but more good. Particularly, that 1000 Euro reporting is bad, KYC is everwhere already and the EU seems to have finally recognized, that wallet to wallet transfers can't be really made transparent. Leading the regulation wordwide is good, other nations will feel urged to do the same, but in a better way, which will make the EU to adjust their rules later.
I think it will keep banks from prohibiting clients to transfer money to/from exchanges, which happened even to some WO's , IIRC.

[ChartBuddy]

Explanation