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

[Compromise me]

Hi all community Eid Mubarak to all members and your family. May all of you always stay happy."



https://images.app.goo.gl/2JAvW9CzyeSdwiNFA

[Gachapin]

So we have two different opinions here ...buddy...   I hope you can live with that  

Can you live with that yourself?

Consider shitcoins a different opinion, perhaps.

Imagine a stock market with one stock-is that your "vision"?
If there is ONLY bitcoin and nothing else, the next thing is governments crushing bitcoin.
In essence, shitcoins "shitcoinery" puts bitcoin in a positive spotlight as it clearly did during FTX and Luna fiascos.

Good point. Basically let the best idea win in the market... I like that.

However, comparing unregistered securities (shitcoins) with registered securities (stocks) lacks in logic imo.
The former are more or less scams and the latter are an investment vehicle following all together the same general rules for transparency.
Having a lot of different stocks is good for the market  ...having a lot of scams is not  


And btw I don't think Bitcoin actually needs any shitcoin to appear in a "positive spotlight"..  Bitcoin is just fine..  

If they wanna go after Bitcoin, shitcoins won't stop them, but sure, they might slow the process.  

P.S your appeals to 'mommy' JJG to batslap someone on your behalf are a little weird, perhaps?
"Where is your mommy"?

mmh you didn't get it...?
It wasn't a call for anybody other than for you to recognize that you sound like a shitcoiner...  ..idk maybe you are one..

In that case, please accept my batslap:




Anyways, I hope you had a great 420  

[pixie85]

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.

[log2exp]

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

I'm trying to see who voted for this Draconian law, by checking the EU Parliament site, only found roll call results in French, for Thursday, 20 April 2023: https://www.europarl.europa.eu/plenary/en/votes.html?tab=votes

[JayJuanGee]

The MiCA regulation in Europa has passed the votes. It will take effect in 2024.

https://www.coindesk.com/policy/2023/04/20/eu-parliament-approves-crypto-licensing-funds-transfer-rules/

anybody knows if this affects non-custodial wallets and (private) onchain transfers?

You can continue to do what you want. As soon as you use an official money transmitter, you have to do KYC from  a transfer sum of €1000.
That is the status today. So what will the future bring? 

The future may well bring a bunch of scofflaw.

Maybe a few people here should read the "First they came" poem by M. Niemoller...
...it's quite relevant despite a multitude of the opposite opinions on this forum.

I learned it in high school, decades ago.  It was good life advice for me.

As I understand it, you try to draw a connection between Niemöller's saying and this Bitcoin/shitcoin/Gensler talk, no?

I might get you wrong, but do you wanna imply that Bitcoiners should speak out in favor of shitcoins, like mEth, in order to avoid being the next on the list who the state is coming for ?

If yes, primarily prepare for JJG's batslap    and secondarily I think it's a not so accurate comparison:

Yeah.. I am not totally opposed to some of the points that Biodom is attempting to make, but at the same time, I do see a lot of the shitcoiners trying to suggest variations of their bullshit that "we're in this together"  blah blah blah.

At the same time, I do see some various ways that there seems to be some unfairness in the whole matter regarding some of the ambiguities.. I am still not quite clear about solutions.. even though you are likely not going to find me cheering for regulators, either - who seem to be all over the place and have a lot of their own internal contradictions in the ways that they are speaking about matters and going after enforcement while not going after enforcement at the same time (they seem to be in a bit of a pickle.. but I am not really crying about their seemingly pickle, either),... so there is a bit of a dilemma for a lot of us in terms of how to consider the ways of the world and the various ambiguities in confusing transitionary periods like this.

The Nazis came for their opponents...
but most shitcoins like mEth are no opponent for the fiat system, because they support exactly the same power structure, (power of the rich) by POS, pre-mine etc.

And.. if Bitcoin is seen as an enemy, it will be so, no matter if shitcoins exist or not.  It's not the same animal.

Fair point.. though I don't know if it makes me sleep better.   

Also the Nazis came to put humans into camps or to kill them...
imo inadequate to compare that to regulators who come for illegal securities scams and try to get them registered in a way that any other non-scammy product has to take

However, anyone feel free to vocally support shitcoins in order to save Bitcoin from the state..
But I think that logic is flawed.
It makes only sense, if you are a shitcoiner and don't get the difference between Bitcoin and shitcoins... but even Gensler gets it, what brings me back to my OP

Edit:

You think he will stop at shitcoins...that's laughable.

maybe I got your writing wrong idk...

I think as for now Gensler stopped at shitcoins, because Bitcoin is no security.  And that is good for BTC.  
I don't know how he will act in the future.. maybe he will get pressured by "someone" to attack BTC as well... who knows ... I'll be watching

As bitcoiners, we cannot completely detach from these matters, and I am not even opposed to fucking around with shitcoins and gambling with them or making money from them or even attempting to use them to convolute matters - including my own transactions or having transaction options, but I am not going to cry if they are getting beaten up in a variety of ways.. and I am not going to invest into them as if they were the same as bitcoin (like a sound money that has various built in censorship resistances), but even many of us bitcoiners realize that bitcoin has various weak points in which it might overlap with fiat or even end up overlapping with various shitcoins in terms of if we might be transacting with bitcoin but then being precluded from various on and off ramps, and surely one solution might be to figure out some peer to peer mechanism, but there might be various kinds of bridges that might involve shitcoins.. but that still does not mean that it is good to invest in those various shitcoin bridges.. or to promote them.. .. but then at the same time, it still is not going to be exactly straight forward - even when communication channels are sometimes infiltrated.. and some of us might have not even started to experiment with Nostr yet.. (not to be promoting another communication channel, here.... and maybe even the forum might end up having some necessary ties that it might need to make in terms of transitioning in ways that it might not be able to be attacked if we say things that might be threatening to the powers that be that want  us to prop up the various Philip (I mean fiat) systems)...

[ChartBuddy]

Explanation

[Gachapin]

mmh.. looks a bit like 26xxx next and rebound at 25xxx.... 

All in all, I feel this cool-down after the recent rally is a good thing

[Biodom]

mmh you didn't get it...?
It wasn't a call for anybody other than for you to recognize that you sound like a shitcoiner...  ..idk maybe you are one..

hey, buddy, being a shitcoiner is better than to be a person that constantly gets into quarrels about nothing.
I came to a realization that it's beneath me to discuss this matter any further.

[OutOfMemory]

Hello guys I am new to bitcoin forum. Can I post bitcoin related posts on this board? If your answer is no. Then what can I do to get permission to post?

You don't need permission to post.  

Tell us how you got into bitcoin and tell us your bitcoin story 😉 also what is your motivation for posting here?

maybe you're straining a farmer here...

with "bitcoin related posts" he probably means twitter copies

Maybe probably yes, maybe probably no.

Opinions are not facts

EDIT: I understand that Newbies are mostly farmers, lately. But judging every Noob as such is clearly a prejudice.
I appreciate BitcoinPsycho's helpful and encouraging reply, we'll see if this one is a serious member.
Remember, we were all newbies here before.

Yes. Have your judgement. That's fine.

But I doubt that a "normal" newb would register for 5 different bounty campaigns before even making a single post...
https://bitcointalk.org/index.php?action=profile;u=3549760;sa=showPosts

Didn't have that information, thanks.

[ChartBuddy]

Explanation

[Richy_T]

mmh.. looks a bit like 26xxx next and rebound at 25xxx.... 

All in all, I feel this cool-down after the recent rally is a good thing

You call that a rally? We crawled up from 27k, diddled around at 30k and here we are back again.

[Gachapin]

mmh.. looks a bit like 26xxx next and rebound at 25xxx....  

All in all, I feel this cool-down after the recent rally is a good thing

You call that a rally? We crawled up from 27k, diddled around at 30k and here we are back again.

I meant the run up from 16xxx...

But you are right the word "rally" seems a bit over the top even in that case... especially when you compare it to the huge parabolic runs to the ATH of every cycle

[ChartBuddy]

Explanation

[Biodom]

Some Texas RE company made a deal with Coinbase to sell RE directly for bitcoin:

https://www.dallasnews.com/business/real-estate/2023/04/20/500k-or-175-bitcoin-texas-startup-lets-people-buy-real-estate-with-cryptocurrency/

That said, here is some Houston RE pron for you:

https://www.zillow.com/homedetails/306-Longwoods-Ln-Houston-TX-77024/27982330_zpid/    

or

https://www.zillow.com/homedetails/27-Mott-Ln-Houston-TX-77024/28238252_zpid/

[Gachapin]

mmh you didn't get it...?
It wasn't a call for anybody other than for you to recognize that you sound like a shitcoiner...  ..idk maybe you are one..

hey, buddy, being a shitcoiner is better than to be a person that constantly gets into quarrels about nothing.
I came to a realization that it's beneath me to discuss this matter any further.

yes it's beneath you... you are too good for this...  


Nevertheless I wish you a nice day

[ChartBuddy]

Explanation

[LDL]

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

[JayJuanGee]

I think as for now Gensler stopped at shitcoins, because Bitcoin is no security.  And that is good for BTC.  
I don't know how he will act in the future.. maybe he will get pressured by "someone" to attack BTC as well... who knows ... I'll be watching

you are trusting a career long politician to do something that is "good for bitcoin"?
think again...he will change his mind when he will destroy the rest...he would find something wrong with whatever in bitcoin too, you just wait.
Actually, even now, he suppresses bitcoin by NOT allowing bitcoin ETFs, clearly a repressive move that has not a single valid reason behind it.
With such "friends", I would look over my shoulder all the time.

Yeah.. we cannot be trusting politicians - even though surely, Gachapin does not seem to have had been saying that, even if he might have said some nice things about Gensler in terms of his ability to differentiate bitcoin from shitcoins..  but still.

I do agree about having lots of skepticism about what the fuck politicians are doing.. even if they sometimes might seem to show that they understand the bitcoin versus shitcoin dichotomy... and sure, their understanding might even make them more dangerous to actually know and appreciate the power of bitcoin and to be able recognize that dollar systems cannot really stand up so much to "more sound money," and some of the craziness of the dollar shows that even some shitcoins seem to be more sound than the dollar in terms of their being less inflationary and maybe even having some limitations in terms of how far they can push their Cantillon effects when rewarding their buddies, without risking getting thrown in jail.

[edited out]

I wonder why you always put words in my mouth?  It's the second time now.
I never said I trust him...    why should I?  he seemingly was in bed with FTX

I'm talking about what he is doing with regards to shitcoins vs Bitcoin.. that's it

And apart from rejecting ETFs he has differentiated correctly between BTC and shitcoins to this date

my bags would love see an US ETF, but I doubt that he is the only one in charge for that decision..

Of course, I am not going to attempt to act like I understand all of the various kinds of bullshit that politicians play, but of course, we have to be very skeptical of politicians including that Gensler has shown quite a few weird plays, including but not limited to the approval of future ETFs.. and options or whatever the fuck the various financial vehicles that allow the ability to short BTC and also to settle in dollars.. so there do seem to be attacks upon bitcoin that are even coming out of Gensler's agency.. even though I doubt specifically that we can know exactly the role of Gensler in terms of why certain products are coming out that seem to allow for a variety of attacks on bitcoin.. and yeah, we hope that some of the shorters and even those who are settling their trades in dollars are going to get reckt as fuck, but at the same time, we likely realize that those kinds of financial products allow a kind of proliferation of paper BTC that can be difficult to reck when they sometimes seem to have infinite numbers of dollars to back them up and it is difficult for us to know who's backing them and/or what are the various games that are being played.. until they explode, which seems to have had partially happened with some of the implosions last year (Terra/Luna, Celsius, Blockfi, Voyager, FTX, Genisis - and maybe some of those banks (Silvergate, SVB, Signature) -indirectly, even though I am not sure if there were negative impacts on BTC through that - even though TPTB seemed to have had purposefully targeted and took out some of the various rails that BTC (and crypto) was using to be able to have 24/7 access to dollars or dollar derivatives?)

[ChartBuddy]

Explanation

[HI-TEC99]

...

Of course, I am not going to attempt to act like I understand all of the various kinds of bullshit that politicians play, but of course, we have to be very skeptical of politicians ...