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

[bkbirge]

London financial pages tonight

Because "derivatives trading ban" wouldn't be as catchy in the headline.

[Globb0]

^
Can only say I do love the phase where i'm in and that the HODL-phase!!!!!!!!!!!

By the way, I checked in with my mom in regards to some of her BTC details a few days ago, and I was surprised in a few regards.

She is actually one of the few peeps who actually did something that is in the neighborhood of what I suggested, and that was to at least put some money into BTC and to dollar cost average and to only sell small amounts on the way up in order to be prepared for further possible UP.

So, she largely has been following my suggestions, but her revelations to me a few days ago, showed me that peeps are going to do what they are going to do, and peeps got their own minds and they are going to experiment to some degree. 

I usually did not ask her for too many details about what she had been doing, but just to get overviews from time to time and then also to spout out some of my suggested strategies on a fairly regular basis in order that she could at least consider some of my thoughts and approach.   So, in that regard, largely I would remind her on a regular basis that she is responsible for her own portfolio choices and approach, so she usually had  not provided me too many details, except for a few days ago, she was telling me about the various shit coins that she had bought.  I thought that it was funny but also a little bit irritating that she had gone off and bought a whole bunch of shit coins, some of which I had never previously heard the name, in spite of my seeing references to a decent number of shit coins from time to time.  I was surprised but also at least a bit relieved that her investment in various shit coins was a very small percentage of her overall holdings.  When I kind of lectured her for getting involved with a variety of shit coins, including some of the no name ones, she said that she bought some of them because she kind of would get bored by ONLY having bitcoin in her portfolio, so she wanted to just play around with some of the other dumb shit and if they would shoot up in value for some unexplained reason, she would just cash them into bitcoin if those kinds of pumpenings were to take place with any of the various shitcoins.  I told her that she was largely wasting her time and brain power and likely getting scammed, but I could tell that she had largely already made up her mind to entertain herself with these various small investments, just for shits and giggles.

You brainwashed your mum!

Fuck. She will be rich but she can never enjoy it now she is a ladder drone.   

[DireWolfM14]

London financial pages tonight

Propaganda watchdog, DireWolfM14 warns that News Papers are not the unbiased, fair, and honest information delivery medium many assume them to be.  Most people today still believe that news outlets which deliver information through the use of paper products are trustworthy.  Studies by watchdog DireWolfM14 suggest, like their digital cousins these publications are wrought with bias, misinformation, omissions, and in some cases demonstrable lies.  "It's a tragedy that these organizations aren't held accountable for misleading people," DireWolfM14 stated in a recent interview.  "The fact that they can omit relevant information from a news story allows them the steer a certain narrative, and promote bias within their readership, a bias that may not develop if the readers were well informed."

When asked to provide a specific example DireWolfM14 was quoted as saying "Just pick up any news paper that has written an article or Op-Ed about bitcoin, and I'll prove to you the reporter is a shithead who doesn't know his ass from a hole in the ground."

[actmyname]

I would call journalism a joke except it's not funny either

[tmfp]

London financial pages tonight

Presumably the "market abuse" also refers to the $40 buy/sell spread currently applied to Bitcoin by IG (UK's biggest deriv platform).

Propaganda?
That newspaper article is in the London Evening Standard.
Editor?
George Osborne, ex Chancellor of the Exchequer, currently maneuvering for Lagarde's job at the IMF.

[JayJuanGee]

Some say we are at 1. some say we are at 2. What do you think?
I would say we are already in disbelief phase.

Are you trolling with that nonsense?  Did Tone Vays or Tyler Jenks put you up to this in their likely realization that their previous assertions of inevitable $1k to $2k was WRONG?

It should be pretty obvious that we are no longer in any kind of area that even resembles area 1 as depicted in that chart... but who the fuck knows exactly where we are at?  

Currently, to me it is feeling kind of like there continues to be a decent amount of ongoing pressures in the direction of UP.

My condolences to those dumbasses who sold in the $9ks with their anticipation to buy back at $8k-ish or below.  Kind of feel bad for them, but really I am NOT feeling too bad because you are dumb to be selling BTC on the way down during corrections that occur in a bull market, even if you believe that the odds are in your favor (which largely just means such odds are merely greater than 50% that might not play out in reality).

No, I am not. I was actually surprised too when I heard people speculating that we are still in that first phase. But I wanted to hear more opinions.

O.k.  Fair enough that you are not trolling.

Frequently, if you post some kind of article that represents a position that is opposite from your own, then you would want to somehow clarify that the article does not represent your position. 

I understand if you are soliciting responses from others, then you might not want to bias the responses through your clarifications, but I still think that it is better to clarify in some kind of way, otherwise, others might perceive that you either endorse the bearish view or that you are presenting the bearish view with too much objectivity - which largely implies a similar acceptance of the possible legitimacy of the bearish viewpoint.

[HairyMaclairy]

London financial pages tonight

Propaganda watchdog, DireWolfM14 warns that News Papers are not the unbiased, fair, and honest information delivery medium many assume them to be.  Most people today still believe that news outlets which deliver information through the use of paper products are trustworthy.  Studies by watchdog DireWolfM14 suggest, like their digital cousins these publications are wrought with bias, misinformation, omissions, and in some cases demonstrable lies.  "It's a tragedy that these organizations aren't held accountable for misleading people," DireWolfM14 stated in a recent interview.  "The fact that they can omit relevant information from a news story allows them the steer a certain narrative, and promote bias within their readership, a bias that may not develop if the readers were well informed."

When asked to provide a specific example DireWolfM14 was quoted as saying "Just pick up any news paper that has written an article or Op-Ed about bitcoin, and I'll prove to you the reporter is a shithead who doesn't know his ass from a hole in the ground."

In all fairness, try being the poor sucker journalist that has to write sensibly about Arsenal’s latest match, the Spratly islands, methamphetamine addiction in Bromley, the new All-New Ford Kuga, whisky tasting and Bitcoin.   And then be judged by experts in each area.

Shit is hard yo. 

[jojo69]

"ill suited to ordinary consumers"

translation; profits like these are only for the elites

Don't you have fields to plow peasant?  Tax time is coming up.

[El duderino_]

In all fairness, try being the poor sucker journalist that has to write sensibly about Arsenal’s latest match, the Spratly islands, methamphetamine addiction in Bromley, the new All-New Ford Kuga, whisky tasting and Bitcoin.   And then be judged by experts in each area.

Shit is hard yo. 

Indeed

[JayJuanGee]

^
Can only say I do love the phase where i'm in and that the HODL-phase!!!!!!!!!!!

By the way, I checked in with my mom in regards to some of her BTC details a few days ago, and I was surprised in a few regards.

She is actually one of the few peeps who actually did something that is in the neighborhood of what I suggested, and that was to at least put some money into BTC and to dollar cost average and to only sell small amounts on the way up in order to be prepared for further possible UP.

So, she largely has been following my suggestions, but her revelations to me a few days ago, showed me that peeps are going to do what they are going to do, and peeps got their own minds and they are going to experiment to some degree. 

I usually did not ask her for too many details about what she had been doing, but just to get overviews from time to time and then also to spout out some of my suggested strategies on a fairly regular basis in order that she could at least consider some of my thoughts and approach.   So, in that regard, largely I would remind her on a regular basis that she is responsible for her own portfolio choices and approach, so she usually had  not provided me too many details, except for a few days ago, she was telling me about the various shit coins that she had bought.  I thought that it was funny but also a little bit irritating that she had gone off and bought a whole bunch of shit coins, some of which I had never previously heard the name, in spite of my seeing references to a decent number of shit coins from time to time.  I was surprised but also at least a bit relieved that her investment in various shit coins was a very small percentage of her overall holdings.  When I kind of lectured her for getting involved with a variety of shit coins, including some of the no name ones, she said that she bought some of them because she kind of would get bored by ONLY having bitcoin in her portfolio, so she wanted to just play around with some of the other dumb shit and if they would shoot up in value for some unexplained reason, she would just cash them into bitcoin if those kinds of pumpenings were to take place with any of the various shitcoins.  I told her that she was largely wasting her time and brain power and likely getting scammed, but I could tell that she had largely already made up her mind to entertain herself with these various small investments, just for shits and giggles.

You brainwashed your mum!

Fuck. She will be rich but she can never enjoy it now she is a ladder drone.   

Yeah, but I constantly tell her that she is responsible for her own BTC related investment strategies.

I do notice that words slip out, from time to time, that seems to show a bit of a denial of responsibility, even when I repeatedly restate variations of my advisos.

It's a little embarrassing too, sometimes, because you makes kind of braggadocios statements in front of a variety of relatives regarding her own increased wealth levels while implying that my increased wealth levels are magnitudes higher than her own.  I am a little bit unclear what she might be saying to these various other relatives when I am not within earshot, but sometimes relatives will say things to me to cause me to believe that they know a bit more about my financial circumstances than what I would have otherwise disclosed to them... I usually respond with a kind of vague admission that my wealth has increased quite well due to bitcoin while refusing to provide any specifics regarding actual holdings that they might be trying to find out.  Sometimes, they will come straight out and ask how many bitcoins I have, and I tend to not give any actual numbers, but my response does tend to vary, depending upon which relative asks and the context of their asking me.

[tmfp]

"ill suited to ordinary consumers"

Whereas, of course, other derivatives such as the Market Vectors Semiconductor ETF are perfectly suited to the "Man on the Clapham Omnibus".
But, just like cigarettes, UK derivative platforms all contain a Government Health Warning

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

[DireWolfM14]

In all fairness, try being the poor sucker journalist that has to write sensibly about Arsenal’s latest match, the Spratly islands, methamphetamine addiction in Bromley, the new All-New Ford Kuga, whisky tasting and Bitcoin.   And then be judged by experts in each area.

Shit is hard yo.  

If Mr. England needs any help with Arsenal's latest match, whiskey tasting, and bitcoin, I volunteer!  Hell, I'll do the whiskey tasting article pro-bono, but that may prevent me from getting to the rest of the story.

[Globb0]

London financial pages tonight

Propaganda watchdog, DireWolfM14 warns that News Papers are not the unbiased, fair, and honest information delivery medium many assume them to be.  Most people today still believe that news outlets which deliver information through the use of paper products are trustworthy.  Studies by watchdog DireWolfM14 suggest, like their digital cousins these publications are wrought with bias, misinformation, omissions, and in some cases demonstrable lies.  "It's a tragedy that these organizations aren't held accountable for misleading people," DireWolfM14 stated in a recent interview.  "The fact that they can omit relevant information from a news story allows them the steer a certain narrative, and promote bias within their readership, a bias that may not develop if the readers were well informed."

When asked to provide a specific example DireWolfM14 was quoted as saying "Just pick up any news paper that has written an article or Op-Ed about bitcoin, and I'll prove to you the reporter is a shithead who doesn't know his ass from a hole in the ground."

Ooooh  wooooah loads of people scrambling to attack back.

I just started back in city this week. I am sharing with you what I saw.

Not endorsing the message here.

Subtext London prepared to be left behind with ban -less its truly more complicated

[Last of the V8s]

don't think anyone was attacking you, congrats on the job.
anyway, it is more complicated

https://www.fca.org.uk/news/press-releases/fca-proposes-ban-sale-crypto-derivatives-retail-consumers
51st State wants to copy big Daddy by banning consumers from futures and CFD's
which I concede in a way. if you can't obfuscate your ip address, you'll probably lose money on deribit or simplefx
but annoying because who the fucking fuck do these airtight arseholes think they fucking are. bitcoin is the sovereign not Boris, and we will lose our money howsoever we goddam please.

edit: lolk

Our rules prevent any firm (UK or non-UK) from marketing CFD-like options to UK clients. However, we did not think it would be proportionate, practical or effective to seek to apply our rules to overseas firms, including EEA firms, not supervised by the FCA and subject to different rules in their own jurisdiction. Therefore, where a UK-based client contacts an overseas firm on their own initiative, that firm may still sell those products, if they are permitted in their own jurisdiction

just fuck off
uk sites fucking awful anyway https://www.ig.com/uk/forex/markets-forex/bitcoin-1 fucking 40$ spread. scam

seems like they just want rid of ig-alikes but realise they can't overreach, so in fact simple and deribit will still be usable after all?

[HairyMaclairy]

In all fairness, try being the poor sucker journalist that has to write sensibly about Arsenal’s latest match, the Spratly islands, methamphetamine addiction in Bromley, the new All-New Ford Kuga, whisky tasting and Bitcoin.   And then be judged by experts in each area.

Shit is hard yo.  

If Mr. England needs any help with Arsenal's latest match, whiskey tasting, and bitcoin, I volunteer!  Hell, I'll do the whiskey tasting article pro-bono, but that may prevent me from getting to the rest of the story.

Funny bastard. 

Also to be fair, Arthur Hayes is a slippery cunt

[El duderino_]

I am prepared!!!

[Biodom]

At the moment, I am not very impressed by the lower highs and lower lows.
That said, it would be nice to pop up above 12.5K (so i can lose yet another Q game, lol).

[Ibian]

"ill suited to ordinary consumers"

translation; profits like these are only for the elites

Don't you have fields to plow peasant?  Tax time is coming up.

Literally this.

The dollar has lost something like 98% of its purchasing power since it stopped being backed by gold. But wealth does not simply disappear. It is transferred. This is the greatest theft from normal people to the wealthy elite in all of human history. And bitcoin is the antidote.

[Searing]

I would call journalism a joke except it's not funny either

Bitcoin is the 'perfect' story to sell papers or get web site eyeballs on your web ads.

story 1

Bitcoin is great the 1/2 of the public who think this is true buys into this media...the other half also buys in case they are wrong and bitcoin is a scam!

story 2

Bitcoin is a scam the 1/2 of the public who think this is not true buys into this media...the other half also buys in case they are wrong and bitcoin is a not a scam!

Rinse/Wash/Repeat

The stories 'write' themselves in a good/bad back and forth, easy content, easy money. This will be the case forever.

Also, the more DRAMA like Craig Wright the 'fakesatoshi' the more volatility...the different threads you can branch off for stories on either the great/scam threads above

thus multiplying the eyeballs to your advertisements.

Bitcoin to the news media is ALMOST as good as a cute little war, not quite, but close.

[Globb0]

"ill suited to ordinary consumers"

translation; profits like these are only for the elites

Don't you have fields to plow peasant?  Tax time is coming up.

See now you saw what I saw.


Then I imagined that table of the percent increase per year.


=Mismatch; how do they get away with it?