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

[somac.]

I see the runes guys have finally started to run out of cash to congest the network with. The solution to high fees is high fees.

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[Lucius]

Not to much going on.
Hong Kong ETF can be a thing...
or nothing at all.

According to information circulating on the internet, it seems that mainland Chinese will not be able to invest in HK ETFs - and I doubt that the market of around $50 billion can change anything significantly. However, the Chinese are resourceful people, maybe they will activate a lot of their relatives living in HK to trade for them.

“A lot of people are banking on wealthy Chinese locals, but, officially, you cannot buy this ETF if you're a mainland Chinese investor,” said Eric Balchunas, a senior ETF analyst at Bloomberg. That’s because it must be listed on something called the Stock Connect, which allows Chinese citizens to invest in certain Hong Kong ETFs, and vice versa.
“This will never be available there,” says Balchunas.
As most foreign investors don’t have access to U.S. ETFs, Balchunas sees the most action coming from the likes of domestic retail investors, meaning inflows likely will pale in comparison to those seen in the American market. That’s because Hong Kong’s ETF market was worth about $50 billion—compared with some $8.87 trillion in the U.S.—at the end of the first quarter.

[Gachapin]

Not to much going on.
Hong Kong ETF can be a thing...
or nothing at all.

According to information circulating on the internet, it seems that mainland Chinese will not be able to invest in HK ETFs - and I doubt that the market of around $50 billion can change anything significantly. However, the Chinese are resourceful people, maybe they will activate a lot of their relatives living in HK to trade for them.

“A lot of people are banking on wealthy Chinese locals, but, officially, you cannot buy this ETF if you're a mainland Chinese investor,” said Eric Balchunas, a senior ETF analyst at Bloomberg. That’s because it must be listed on something called the Stock Connect, which allows Chinese citizens to invest in certain Hong Kong ETFs, and vice versa.
“This will never be available there,” says Balchunas.
As most foreign investors don’t have access to U.S. ETFs, Balchunas sees the most action coming from the likes of domestic retail investors, meaning inflows likely will pale in comparison to those seen in the American market. That’s because Hong Kong’s ETF market was worth about $50 billion—compared with some $8.87 trillion in the U.S.—at the end of the first quarter.

I'm pretty sure that most (really) wealthy Chinese have access to HK and its market...  however... fuck China, their money, their bans

[AlcoHoDL]

Not much happening.
Temporary abstinence.
Makes for better sex!

When under the knife,
Be careful what you reveal,
To naughty nurses!

Two hundred of what?
Tarders use days, hours or less,
While HoDLers use weeks!

Counting starts at naught,
Whether you like it or not!
It's a 'puter thing.

Happy for ivomm.
Bitcoin made his dreams come true.
Beach house and yacht next!

Sieg Heil, UK law,
As one of their own foretold!
George Orwell's the name.

Keep HoDLing, brothers.
Laws and governments can try,
But they'll never win!

#7wodigestsundayhaikus

[jojo69]

[Biodom]

Somehow, the situation feels similar to the spring-summer of 2017: the whole space undergoes growth while being at a tremendous assault of external factors.
Nobody knows what will transpire-it is really a "give" and "take". In 2017 the situation resolved bullishly, resulting in 10-15X in just a few months.
It is not clear to me that we have a similar situation here, but a bullish resolution is possible.

Sun Tzu said “If you wait by the river long enough, the bodies of your enemies will float by.”
I guess, bitcoin just have to wait long enough...I just don't see how a geometrically increasing debt situation can be resolved in a positive fashion.
It might take a decade, though.

Unfortunately, I don't have an extra decade in which to contemplate this without taking action, so started my distribution out of the space to something both physical (renovations, RE projects) and spiritual (travel).
Did not start with bitcoin, of course, but I am no longer in the accumulation phase, generally speaking, after a decade or so.
Judging by 2017, I have a terrible timing for my sales...so whatever satoshis I will peel off this year-enjoy the discount when buying your stash!

[cygan]

[img width = 400]https://cdn.hardforum.com/data/attachment-files/2024/04/1011788_Screenshot_20240427_222037_Facebook.jpg[/img]

with [img width=400] you make your post visible for all of us

[TheJuice]

Long live the longs! Stay strong, part 2 of the bull is coming.

[JayJuanGee]

 

not sure I understand this.

As a miner must I check what pools are licensed?

I don't think so.  It would be provable that the sats sent to you were proceeds from newly minted block rewards - I can't see how they could possibly imply money laundering in this case.

BTC sent to hashers is a product of block rewards and fees that might be paid by money launderers... Arguably miners are facilitating the money-laundered derived transactions.

Properly cited for view-ability which meant that I fixed your image by taking the spaces out of both of the sides of your "=" sign

-----   like cygan mentioned..

Somehow, the situation feels similar to the spring-summer of 2017: the whole space undergoes growth while being at a tremendous assault of external factors.
Nobody knows what will transpire-it is really a "give" and "take". In 2017 the situation resolved bullishly, resulting in 10-15X in just a few months.
It is not clear to me that we have a similar situation here, but a bullish resolution is possible.

Sun Tzu said “If you wait by the river long enough, the bodies of your enemies will float by.”
I guess, bitcoin just have to wait long enough...I just don't see how a geometrically increasing debt situation can be resolved in a positive fashion.
It might take a decade, though.

Unfortunately, I don't have an extra decade in which to contemplate this without taking action, so started my distribution out of the space to something both physical (renovations, RE projects) and spiritual (travel).
Did not start with bitcoin, of course, but I am no longer in accumulation phase generally speaking after a decade or so.
Judging by 2017, I have a terrible timing for my sales...so whatever satoshis I will peel off this year-enjoy the discount when buying your stash!

If you have reached a state of overaccumulation, then no problem shaving off a certain amount of satoshis every month, quarter, year or whatever might be your logistical and/or accounting timeline.

However, if you are in a state that you have accumulated enough but you have not quite got to a place where you feel that you have over accumulated, then maybe you either have to withdraw more slowly or wait somewhere later down the road to withdraw.

Of course, you seem to not think about bitcoin in the same ways as I do, so in that regard, you may well be looking more for tops in the sense of following raking methods (as the price goes up) rather than time-based withdrawals which may be monthly, quarterly and/or yearly but surely you could still adjust the size of your time-based withdrawals (upwardly or downwardly) based on relative height of BTC prices (relative to the 200-WMA, for example)

Long live the longs! Stay strong, part 2 of the bull is coming.

Even though a lot of folks are seeming depressed, I think that we still have some more uppity.. 12-18 months.. but yeah, there can be some stifling effect when the actual value propositions of bitcoin (self-custody) are seemingly ongoingly under attack and maybe moreso in recent times.

[Biodom]

Even though a lot of folks are seeming depressed, I think that we still have some more uppity.. 12-18 months.. but yeah, there can be some stifling effect when the actual value propositions of bitcoin (self-custody) are seemingly ongoingly under attack and maybe moreso in recent times.

Bravo! This is the crucial part of the matter, indeed.

[shahzadafzal]

Things you will never see happening in bitcoin:

Imagine the Federal Reserve accidentally printing 6.4 million pairs of $1 bills with identical serial numbers. Yup, that happened! Even wilder, both sets of bills are still valid, technically making it possible to "double spend" a unique serial number without breaking a sweat. Only in the world of fiat money, right?

In Bitcoin, that kind of mix-up is a no-go!

https://finance.yahoo.com/news/1-bill-could-worth-150-133000547.html

[philipma1957]

fixed it

[xhomerx10]

 

not sure I understand this.

As a miner must I check what pools are licensed?

I don't think so.  It would be provable that the sats sent to you were proceeds from newly minted block rewards - I can't see how they could possibly imply money laundering in this case.

BTC sent to hashers is a product of block rewards and fees that might be paid by money launderers... Arguably miners are facilitating the money-laundered derived transactions.

~snip

 Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:

https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0

There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

[Hueristic]

 

not sure I understand this.

As a miner must I check what pools are licensed?

I don't think so.  It would be provable that the sats sent to you were proceeds from newly minted block rewards - I can't see how they could possibly imply money laundering in this case.

BTC sent to hashers is a product of block rewards and fees that might be paid by money launderers... Arguably miners are facilitating the money-laundered derived transactions.

~snip

 Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:

https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0

There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

It's always political manipulations sold as criminal protection.

But what about the children!?!?!?

[Gachapin]

 

not sure I understand this.

As a miner must I check what pools are licensed?

I don't think so.  It would be provable that the sats sent to you were proceeds from newly minted block rewards - I can't see how they could possibly imply money laundering in this case.

BTC sent to hashers is a product of block rewards and fees that might be paid by money launderers... Arguably miners are facilitating the money-laundered derived transactions.

~snip

 Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:

https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0

There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

It's always political manipulations sold as criminal protection.

But what about the children!?!?!?

a classic ... like "people will die !!1!"



Remy: People Will Die!
https://www.youtube.com/watch?v=eXWhbUUE4ko

[OgNasty]

It’s a little weird but the negativity I feel in the market right now is what I needed to finally flip to being irrationally bullish. I think this is a great time to buy and plenty of people will sell to raise cash now with the current global economy, but those who stick with it and wait another year will be handsomely rewarded for their faith.

[JayJuanGee]

[edited out]

Block rewards don't exist until mined and as for the fees, the on-boarding with fiat is already FINCEN'd which is why there are no non-KYC exchanges dealing in US currency and also why they're seeking a jail term for ChangPeng Zhao.  Going after miners to prevent money-laundering would be a duplication of efforts and while the US gov't (or any gov't is not above wasting money and duplicating efforts it's more often than not for political rather than criminal reasons ie healthcare, education, taxation.  Anyway, there is documentation on virtual currency mining and it always points back to this document:
https://www.fincen.gov/resources/statutes-regulations/administrative-rulings/application-fincens-regulations-virtual-0
There's a phone number at the bottom philipma1057 can call directly for proper advice rather than relying on my (likely flawed) interpretation.

I am sure you understand the USA government quite well, you kanuck!!!

hahahahahaha

Of course, the USA government is an efficient machine with zero (or near zero) duplication of its efforts, just like you have described them to be.

In other words, there are no needs to worry.

They are not coming after anyone...

We're (referring to self-storing bitcoiners) all safe.  The righteous US Government officials are not going to unfairly target anyone.. ONLY targeting dee real and true wrong-doing criminals.

[vapourminer]

We're (referring to self-storing bitcoiners) all safe.  The righteous US Government officials are not going to unfairly target anyone.. ONLY targeting dee real and true wrong-doing criminals.

i feel safer already

[Biodom]

Who are those 'gnomes' who always mess up trading on Sunday nights?

[Marvelockg]

Who are those 'gnomes' who always mess up trading on Sunday nights?

is that why it's always green on Monday?

Except for today 😊