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

[nutildah]

fake news

AI-generated fake news sparks rumors of Gary Gensler’s resignation

False rumors have again been spreading over the resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler — this time, however, artificial intelligence has seemingly played a part.

On July 1, a news story appeared on a website dubbed “thecryptoalert.com” claiming that SEC chair Gary Gensler had “submitted his resignation following an internal investigation," citing an anonymous official.

However, Cointelegraph found the article’s text scores high on third-party AI-detector ZeroGPT, scoring 96.8%, signaling a high degree of AI text generation.

The website also appears to be very new, with only 17 posts in total, the first of which appears on June 22nd. Most of these articles also appear to make heavy use of artificial intelligence, with all articles scoring about 70% with ZeroGPT.

Gensler not resigning
https://thecryptobasic.com/2023/07/03/us-sec-ends-rumors-confirms-gary-gensler-is-not-resigning/

beat me to it

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Explanation
Chartbuddy thanks talkimg.com

what's up with the order book?


checked stamp:

the bid price really is that high....  last sold just under the ask price though

funny glitch..

[sirazimuth]

fake news

beat me to it

Fake news?? On the intertoobz?... Say it ain't so!
I thought this here famous forum was the bastion of truthiness.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[nutildah]

Fake news?? On the intertoobz?... Say it ain't so!
I thought this here famous forum was the bastion of truthiness.

Title: "Fake News Epidemic Plagues Wall Observer Thread, Causes Turmoil Among Bitcoin Enthusiasts"

Date: July 3, 2023

In a shocking turn of events, the Wall Observer thread on the Bitcoin Forum has become a breeding ground for the spread of fake news, leaving Bitcoin enthusiasts reeling from the negative consequences. This online community, once known for its vibrant discussions and insightful analysis, has fallen victim to a wave of misinformation that has resulted in chaos and confusion among its participants.

Prominent forum users, such as sirazimuth, nutildah, d_eddie, and JimboToronto, who were once respected for their contributions, have unwittingly played a role in perpetuating the proliferation of false information. These fictitious quotes, concocted to illustrate the situation, shed light on the severity of the issue:

"I heard from a reliable source that a major Bitcoin exchange is on the verge of collapse. Sell all your Bitcoin immediately!" warns sirazimuth, spreading panic among the community without any substantiated evidence.

In response, nutildah amplifies the unfounded claims by stating, "I can confirm this news. I have insider information from someone who knows a guy who works at the exchange. It's definitely going under!"

Contradicting the baseless assertions, d_eddie tries to inject reason into the discussion, stating, "Let's not jump to conclusions without proper evidence. It's crucial to verify any news before spreading it. False information can be incredibly damaging."

Despite d_eddie's plea for caution, JimboToronto fuels the fire by chiming in, saying, "I've heard that Bitcoin's price will plummet to zero by the end of the month. Brace yourselves for the imminent crash!"

The ramifications of such false claims are widespread. Many Wall Observer participants, influenced by the fabricated news, have panicked and hastily made decisions without conducting due diligence. This frenzy of irrational behavior has caused unnecessary market volatility, resulting in significant losses for some traders.

Recognizing the severity of the situation, the forum moderators have taken action to combat the spread of fake news. Stricter moderation policies, including fact-checking mechanisms and active participation from trusted community members, are being implemented to restore credibility and ensure that accurate information prevails over sensationalism.

Source

[Gachapin]

Many shitcoiners want Gensler gone because of his views on 'what is a security' being perfectly in line with the Howey test.  They are afraid.
But his seemingly harsh stand on these garbage projects is actually why I think he might be the best deal Bitcoiners can get.  

Shitcoins surely brought in a lot of additional speculative money, but I don't know if that paper-hand-money is exactly the kind we would want.  
Also these projects often had a detrimental effect on the Bitcoin market (like Luna, etc)

Yes, the SEC under Gensler denied countless BTC spot ETFs.  But I doubt any other SEC chair would have acted differently (it was obviously a political decision).

Also Gensler has probably way more knowledge on how BTC works than any other chair I could think of (but wtf do I know). His MIT lectures are still among the best courses for Bitcoin newbies.

[ChartBuddy]

Explanation
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[Bd officer]

📸 Local #bitcoin exchange spotted in Spain 🇪🇸
source

[Volgastallion]

📸 Local #bitcoin exchange spotted in Spain 🇪🇸
source

Internet Explorer?

Man this can be a "new" or interesting if we were in the 2015 year.

[Y3shot]

https://www.instagram.com/p/Ct4T3kTsxGd/?igshid=NTc4MTIwNjQ2YQ==

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Title: "Fake News Epidemic Plagues Wall Observer Thread, Causes Turmoil Among Bitcoin Enthusiasts"

Date: July 3, 2023

The ramifications of such false claims are widespread. Many Wall Observer participants, influenced by the fabricated news, have panicked and hastily made decisions without conducting due diligence. This frenzy of irrational behavior has caused unnecessary market volatility, resulting in significant losses for some traders.

Source

so, TLDR version is: back to nap time for me and let the crazies sort themselves out.. worked well for 12 years not gonna change now

ZZZZZZZZzzzzzzzzz

[savetherainforest]

Explanation
Chartbuddy thanks talkimg.com

    "I have candle! You not take candle!" - said some random gnoll-rat in goldshire inn.     

[BitcoinBunny]

31K again. Come on.

[cygan]

[Richy_T]

Explanation
Chartbuddy thanks talkimg.com

That's uh...

CB just reports the data he's given.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

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[God Of Thunder]

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