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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HI-TEC99]

Explanation
Chartbuddy thanks talkimg.com

I like the new bender avatar.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[somac.]

I feel like the next week or two is going to be pretty scary for investments of all kinds. With politicians seemingly playing chicken over a debt ceiling agreement and equities already beginning to selloff, you have to be worried that Bitcoin could see a major dip here. I’m not a believer that Bitcoin will be a savior asset that goes up when everything else crashes.

Real problem is the credit markets and they are only getting worse each day. Global crash will probably hit within the next few months followed closely behind by a global easing. Any crash is a buying opportunity.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Stavri]

US presidential candidate DeSantis backs Bitcoin, digital currencies.
May 24 (Reuters) - Florida Republican Governor and U.S. presidential hopeful Ron DeSantis on Wednesday pledged to support people's right to trade in digital assets like Bitcoin and said he opposes establishing a central bank digital currency.

https://www.reuters.com/world/us/us-presidential-candidate-desantis-criticizes-esg-movement-2023-05-24/

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

I feel like the next week or two is going to be pretty scary for investments of all kinds. With politicians seemingly playing chicken over a debt ceiling agreement and equities already beginning to selloff, you have to be worried that Bitcoin could see a major dip here. I’m not a believer that Bitcoin will be a savior asset that goes up when everything else crashes.

It could be coming...I hedged a little in fiat world, still just hodling bitcoin (no moves to report).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

CCTV (China Central Television) just broadcasted crypto...
http://tv.cctv.com/2023/05/23/VIDEbmwezecATKV1lxdQzcqu230523.shtml

https://twitter.com/cz_binance/status/1661391542504902664



LFC_Bitcoin’s body is ready.

"broadcasted crypto"...  mkay
is there an English version / translation of the video somewhere?

来 关注 加密 货币 交易 的 最新消息。 香港 证监会 今天 宣布， 香港 虚拟 资产 交易 各项 准备 工作 基本 就绪。 六月 一号 起， 香港 证监会 将 开始 接受 虚拟 资产 交易 平台 申请。 自 二零二 三年 六月 一号 起 适用于 虚拟 资产 交易 平台 营运 者 的 指引 将 正式 生效， 正在 或 打算 在 香港 提供 虚拟 资产 交易 相关 服务 的 平台 营运 者 必须 向 香港 证监会 申领 牌照。 目前 已经 在 香港 运营 的 虚拟 资产 交易 平台， 需要 在 六月 一号 之后 的 九 个 月 内 提出 申请， 得到 批准 后 方可 继续 在 港 运营。 而 无意 申领 牌照 的 营运 者 则 应 着手 以 有序 方式 结束 其 在 香港 的 业务 。 第一 就是 呃 这个 我们 过去 看见， 呃 在 网络 方面 这个 安全 是 一个 很 重大 的 一个 调 整 票价， 第二 就是 客户 的 资产 的 保障， 它的 存放， 他的 怎么样 上 处理。 第三 点 当然 就是 ， 呃 利益 冲突， 因为 这个 平台 它 是 为 看见 客户 这个 下 单， 所以 我们 对于 这个 他们的 内 控， 他们 这个 呃 利益 冲突 这 一块 还是 特别 着重。 蔡 忠 辉 还 强调， 尽管 有关 制度 将于 今年 六月 一号 生效， 但 香港 证监会 尚未 批准 任何 虚拟 资产 交易 平台 向 零售 投资者 提供 服务 ， 且 现有 大部分 公众 可 接触 的 虚拟 资产 交易 平台， 均 不 受 香港 证监会 监管。

Come and follow the latest news about cryptocurrency trading. The Hong Kong Securities Regulatory Commission announced today that all preparations for virtual asset transactions in Hong Kong are basically in place. From June 1st, the Hong Kong Securities Regulatory Commission will begin to accept applications for virtual asset trading platforms. The guidelines applicable to operators of virtual asset trading platforms will come into effect on June 1, 2023. Platform operators who are providing or intend to provide services related to virtual asset trading in Hong Kong must apply for a license from the Hong Kong Securities and Futures Commission. Virtual asset trading platforms that are currently operating in Hong Kong need to apply within nine months after June 1, and they can continue to operate in Hong Kong only after they are approved. Operators who have no intention of applying for a license should proceed to wind down their operations in Hong Kong in an orderly manner. The first is, uh, we have seen in the past, uh, in terms of network security, this is a very important adjustment to the fare, and the second is the protection of customers' assets, their storage, and how to deal with them online. The third point is of course, uh, conflict of interest, because this platform is for seeing customers place orders, so we still pay special attention to their internal control, uh, conflict of interest. Cai Zhonghui also emphasized that although the relevant system will come into effect on June 1 this year, the Hong Kong Securities Regulatory Commission has not yet approved any virtual asset trading platform to provide services to retail investors, and most of the existing virtual asset trading platforms accessible to the public are not Regulated by the Hong Kong Securities Regulatory Commission.

edit: I believe this is what was said in the video.

Thank you  

The south China morning post recently published two stories about it.

https://www.scmp.com/tech/policy/article/3221580/hong-kong-retail-investors-start-trading-major-cryptocurrency-tokens-june-1-new-virtual-assets

https://www.scmp.com/business/article/3221660/hong-kong-throws-open-doors-cryptocurrency-even-debate-rages-whether-its-security-or-commodity

seems market is preparing for the next bullrun... I hope it won't be delayed due to recession and gox/silk road sales

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[nlovric]

Germany Officially Enters Into a Recession

Germany entered a recession in Q1 2023, with a revised GDP growth rate of -0.3% following a decline of 0.5% in Q4 2022 due to factors such as decreased household spending and dependency on Russian energy while experts have differing views on the trajectory of the economy.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.

How true.  The more the merrier.

I hate the term "wallet".

[OgNasty]

This is an odd time for Bitcoin. I think this might be the most turbulent environment Bitcoin has ever faced. You have countries already falling into recession and plenty of BTC selling pressure on the horizon but you also have the halving coming in a year and an expected bubble coming a year after that. If this coming recession is a short one, it will likely create the best buying opportunity in Bitcoin since pre-2013.

[jojo69]