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

[bitcoinisbest]

Panic Sellers go away
Its only time for buying
Will quickly see ATH

[arakosta]

So guys, how does the heatwave in Europe affect BTC price?

minimally. but do you think it does somewhat? why then?

I was looking at historical snapshots and noticed what may either be a trend or simply coincidence since BTC price is so volatile.
During the heatwave last year (21-28 July), BTC dropped more than 1000Usd. Same thing happened during the heatwave in 2018.
I am referring here strictly to Europe.

[Last of the V8s]

The gods are against us till the rains break then.
lots of stuff goes down in July 

[sirazimuth]

So guys, how does the heatwave in Europe affect BTC price?

minimally. but do you think it does somewhat? why then?

I was looking at historical snapshots and noticed what may either be a trend or simply coincidence since BTC price is so volatile.
During the heatwave last year (21-28 July), BTC dropped more than 1000Usd. Same thing happened during the heatwave in 2018.
I am referring here strictly to Europe.

Coincidence.
Get enough data sets and you can come up with all sorts of weird correlations.
To repeat the old adage....Correlation is not causation.

[lightfoot]

IRS sees credit as an amount owing:
https://twitter.com/lopp/status/1282410654478065667

Sure, they probably cut the slob a check, thus it was a negative number on their books.

I'm laughing at the "payroll tax credit". It's not a credit, the taxes are still owed and it's really money that funds Social Security and Medicare, two things that poor schmucks are going to need going forward and won't be getting if it's not paid for.

My guess is they knows he's going to lose and is thus trying to front-load as much crap as possible for the next administration to unwind (thus "raising taxes") and de-fuck. Fair enough.

[Searing]

IRS sees credit as an amount owing:
https://twitter.com/lopp/status/1282410654478065667

Sure, they probably cut the slob a check, thus it was a negative number on their books.

I'm laughing at the "payroll tax credit". It's not a credit, the taxes are still owed and it's really money that funds Social Security and Medicare, two things that poor schmucks are going to need going forward and won't be getting if it's not paid for.

My guess is they knows he's going to lose and is thus trying to front-load as much crap as possible for the next administration to unwind (thus "raising taxes") and de-fuck. Fair enough.

yeah....you still owe the taxes ....supposedly..it is not like your employer is gonna pay this..so essentially they are just saying you can use your not paying


payroll tax as a credit card at the expense of social security and medicare for all..if your bankrupt medicare and social security then you can privatize it all for your

bit money Trump/Republican donors! win/win

yeah, every day it is gonna be more and more drama for Trump...

I do notice the firing of all the top postal officials so that his 'minion' there can further mess with postal service to declare mail-in votes 'fraud'

remember mail-in votes have to be counted with a postmark...by a certain date....whatcha wanna bet the crisis and full lockdown of no postal service will be like 2 weeks

before this deadline and the postal service comes to a complete halt? Right when the 'majority' of mail-in ballots hit the world of postal service?

If Trump wins the election due to some electorial college 'tomfoolery' or other 'suppress' the vote antics...I will become like the young people today a 'minimalist'

I'll get rid of, 20 years early before they stick me in a nursing home, the house, possessions, everything and 'travel' outside the USA just as to not hear this

crap for the next 4 years. Should probably do this anyway, but I swear, if somehow this clusterf*ck continues for another 4 years, I'll get perm residence in

Canada and just 'commute' to Minnesota occasionally, to see my friends here.

Every month I think this 'Trump Circus' cannot get any worse, and every month I'm dead wrong.

[600watt]

I assume the majority of THIS thread is invested in really shitty shitcoins. blockstream, (with Adam Back, S.Mow), Giacomo Zucco, J.Loop are very outspoken shitcoin opponents. there can not be a misunderstanding. but still this thread is whining about a media project because they will write criticially about  shitcoins, before the first article is out?

anyone sensing that rotten smell of hypocrisy ?  

[fillippone]

So, yeah, remember how I was saying how much I dislike that @Excellion cuck ?

Exhibit #4,312

https://twitter.com/Excellion/status/1292413380083384320

I still believe in @loop and @guacomozucco, to keep the shit pin content low.
For the rest, you are right.

EDIT: I summoned @giacomozucco and he told me not to worry about it, I wasn’t the first one worried about that, apparently:


https://twitter.com/giacomozucco/status/1292479825110859776?s=19

I assume the majority of THIS thread is invested in really shitty shitcoins. blockstream, (with Adam Back, S.Mow), Giacomo Zucco, J.Loop are very outspoken shitcoin opponents. there can not be a misunderstanding. but still this thread is whining about a media project because they will write criticially about  shitcoins, before the first article is out?

anyone sensing that rotten smell of hypocrisy ? 

I am >99% Bitcoin.
I don’t care about other, but do I care about wasting my time, the other scarce thing in the universe.

[Biodom]

...I'll get perm residence in Canada and just 'commute' to Minnesota occasionally, to see my friends here.

Every month I think this 'Trump Circus' cannot get any worse, and every month I'm dead wrong.

It's not like they are waiting up there with open hands, sorry.
For a person older than 60...there is no easy way to gain residence.
BTW, buying a house does not get you a perm residence.

[JayJuanGee]

[edited out]

I am >99% Bitcoin.
I don’t care about other, but do I care about wasting my time, the other scarce thing in the universe.

If they are largely bashing shitcoins, and making comparisons and contrasting regarding shitcoin features as compared with bitcoin, while bashing various aspects of thos shitcoins, then I don't see any major problem with that.

Sometimes we need very smart peeps to get into some difficult to understand details and to be bashing in a kind of technically appropriate and insightful way that might NOT be regularly done by some of us less technical folks.. so they might be adding a kind of niche to the space for a service or an angle that is not really being provided very well through other publications, currently.

If we believe that they are giving too much benefit of the doubt to some shitcoin project(s), then we can react accordingly, but I would not consider any of the technical folks to be sell outs to shitcoins, even if some people do not like every single one of their projects.. and yeah, if they have their own coin, like fluffy pony and charlie litecoin, that could be a bit problematic.. because we have sometimes seen some products from altcoiners that is a bit ambiguous.. I don't see any major issues with for the vast majority of the stuff that blockstream does, but they had gotten some criticisms in the past regarding some of their projects, and even sometimes causing them to pull back a bit or to change their direction a bit...

[Last of the V8s]

looks like we're set for a few months

[rdbase]

I assume the majority of THIS thread is invested in really shitty shitcoins. blockstream, (with Adam Back, S.Mow), Giacomo Zucco, J.Loop are very outspoken shitcoin opponents. there can not be a misunderstanding. but still this thread is whining about a media project because they will write criticially about  shitcoins, before the first article is out?
anyone sensing that rotten smell of hypocrisy ?  

Elon has come out with his own coin after wanting to get in on the sh*tflinging.

Coinmusk! Who came up with the name for this scam coin?

His favorite coin is farting out those blocks at just the thought of it.

Like a cannonball!

https://gifyu.com/image/cpy8

[Biodom]

I assume the majority of THIS thread is invested in really shitty shitcoins. blockstream, (with Adam Back, S.Mow), Giacomo Zucco, J.Loop are very outspoken shitcoin opponents. there can not be a misunderstanding. but still this thread is whining about a media project because they will write criticially about  shitcoins, before the first article is out?

anyone sensing that rotten smell of hypocrisy ?  

Yes, sure, I am actually looking forward to one more voice (btctimes).
Bitcoin needs to assert its "prime mover" position.

That said, btc is now established itself as a "store of value" aka kind of a better "savings" account. If LN spreads wider, a "savings account" from which you can readily spend.
The question is whether there is in existence broader fields and/or markets for any crypto currency?
There are now other crypto (shit or not) with very ambitious goals (and I don't even mean cough-ethereum-cough).
My prediction is that some of them would be eventually hacked and die, but not all of them.
Therefore, they are taking market cap (at least for now) at our expense.

Retail is getting excited by something that moves fast, institutions are fascinated by something where they can get a low cost position as they accustomed to do with pre-IPOs sweet deals so they get in at a low price, then "push" the price up and distribute (at least in part) to retail. Rinse and repeat. Bitcoin does not fit in this narrative because institutions were not there before most of bitcoins were mined. Well, maybe Panthera, but that's it.

[aesma]

IRS sees credit as an amount owing:
https://twitter.com/lopp/status/1282410654478065667

Sure, they probably cut the slob a check, thus it was a negative number on their books.

I'm laughing at the "payroll tax credit". It's not a credit, the taxes are still owed and it's really money that funds Social Security and Medicare, two things that poor schmucks are going to need going forward and won't be getting if it's not paid for.

My guess is they knows he's going to lose and is thus trying to front-load as much crap as possible for the next administration to unwind (thus "raising taxes") and de-fuck. Fair enough.

yeah....you still owe the taxes ....supposedly..it is not like your employer is gonna pay this..so essentially they are just saying you can use your not paying


payroll tax as a credit card at the expense of social security and medicare for all..if your bankrupt medicare and social security then you can privatize it all for your

bit money Trump/Republican donors! win/win

yeah, every day it is gonna be more and more drama for Trump...

I do notice the firing of all the top postal officials so that his 'minion' there can further mess with postal service to declare mail-in votes 'fraud'

remember mail-in votes have to be counted with a postmark...by a certain date....whatcha wanna bet the crisis and full lockdown of no postal service will be like 2 weeks

before this deadline and the postal service comes to a complete halt? Right when the 'majority' of mail-in ballots hit the world of postal service?

If Trump wins the election due to some electorial college 'tomfoolery' or other 'suppress' the vote antics...I will become like the young people today a 'minimalist'

I'll get rid of, 20 years early before they stick me in a nursing home, the house, possessions, everything and 'travel' outside the USA just as to not hear this

crap for the next 4 years. Should probably do this anyway, but I swear, if somehow this clusterf*ck continues for another 4 years, I'll get perm residence in

Canada and just 'commute' to Minnesota occasionally, to see my friends here.

Every month I think this 'Trump Circus' cannot get any worse, and every month I'm dead wrong.

If Trump "wins" that way can't we expect a constitutional crisis, and if not, a civil war ? Or at least blue leaning states openly defying the federal administration (which is already going on about illegal immigration).

The supreme court leans republican however once you're there you're there, I'm sure even Trump appointees could rebel against him if their legacy is on the line.

BTW, Trump is so unpopular that I'm not convinced he can win that way. It could play a role for congress though.

[BobLawblaw]

https://twitter.com/lawmaster/status/1292474772060766211

[yefi]

I'll get rid of, 20 years early before they stick me in a nursing home, the house, possessions, everything and 'travel' outside the USA just as to not hear this

crap for the next 4 years. Should probably do this anyway, but I swear, if somehow this clusterf*ck continues for another 4 years, I'll [...]

Seems like you're getting a clusterfuck whoever wins. Trump will press the nuclear button to show how great he is, and Biden will press it because he fell asleep on it.

[rdbase]

If Trump "wins" that way can't we expect a constitutional crisis, and if not, a civil war ? Or at least blue leaning states openly defying the federal administration (which is already going on about illegal immigration).
The supreme court leans republican however once you're there you're there, I'm sure even Trump appointees could rebel against him if their legacy is on the line.
BTW, Trump is so unpopular that I'm not convinced he can win that way. It could play a role for congress though.

You damned if you do or you damned if you dont.
Just matters how bad at this point.

I'll get rid of, 20 years early before they stick me in a nursing home, the house, possessions, everything and 'travel' outside the USA just as to not hear thiscrap for the next 4 years. Should probably do this anyway, but I swear, if somehow this clusterf*ck continues for another 4 years, I'll [...]

Seems like you're getting a clusterfuck whoever wins. Trump will press the nuclear button to show how great he is, and Biden will press it because he fell asleep on it.

https://www.forbes.com/sites/kenrapoza/2020/07/29/where-to-invest-ahead-of-a-trump-2020-win-or-a-biden-victory/#5196567e19b0
85 days before the 2020 election always has a run up but this year I think would be different since everyone is running on borrowed money from the federal reserve.
https://www.barrons.com/articles/heres-how-the-stock-market-has-performed-in-the-100-days-leading-up-to-the-election-51595961896
And they'll have to pay it back sometime. Taxes will skyrocket to the moon who ever wins to recoup all this free money everybody are calling these stimulus checks.

[BobLawblaw]

Number going up. Shorts getting rekt.

EDIT:
https://twitter.com/BitcoinMemeHub/status/1292619671749849088

[aesma]

I'm not sure the stock market really means something.

If people are out of work, the economy slowed down, then who cares about what the stock market is doing ? The job of politicians isn't to pander to the stock market either, despite what Trump seems to think.

If taxes are put back at what they were before, and companies and shareholders earn a little less, who cares ?

[aesma]

Meanwhile, nice upwards move back up of BTC. Observing 11762$