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

[El duderino_]

Just throwing it out there that maybe Trump + wife don’t have covid & it’s a tactical play to help him win the election. Just an idea, either way he’ll be fine because he isn’t 80+ with moderate to severe pre-existing health conditions.

The timing is odd. Trump did say he was taking Hydroxy so he might just be taking over the news cycle so he can claim that he recovered fast w no symptoms due to Hydroxy.

Most likely he is completely fine and doesn't die of covid unless he is hit by a bus. That would be a coronasniffle death of course.

Im just glad he did have something actually dangerous happen to him like a snake bite. 

Whatever, if he has it or not.... Trump has his cleaning vaccins so NP there ...

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[El duderino_]

he he

Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.

If you mean with everybody, the atm 1% or less involved in BTC from current population, then yes we wouldn't get their.... But I see more and more growing intrest... If the model of planB will not work out exactly as he says is probably 100% accurate. But how he sees things, compare things and write them down, thats exactly what people need to see, to understand what BTC is compared with already existing assets and just the S2F talk is something that opens eyes imo.... Of-course BTC probably will not ride the model exactly, still doesn't take away that his point of view is a nice approach and good speculation...

[Lambie Slayer]

Just throwing it out there that maybe Trump + wife don’t have covid & it’s a tactical play to help him win the election. Just an idea, either way he’ll be fine because he isn’t 80+ with moderate to severe pre-existing health conditions.

The timing is odd. Trump did say he was taking Hydroxy so he might just be taking over the news cycle so he can claim that he recovered fast w no symptoms due to Hydroxy.

Most likely he is completely fine and doesn't die of covid unless he is hit by a bus. That would be a coronasniffle death of course.

Im just glad he did have something actually dangerous happen to him like a snake bite. 

Whatever, if he has it or not.... Trump has his cleaning vaccins so NP there ...

Yes, a small price for him to pay for having sex with his assistant Hope Hicks. Thats the real story here. Melania will forgive him, bc she also was having sex with Hope.

[El duderino_]

Institutional investors around me really like the digital euro and central bank digital currencies (CBDC), but remember:

CBDC = IOU (debt, with credit risk, which can be debased).

Bitcoin = cash (bearer instrument, without credit risk, which can't be debased).

BIG difference!

https://twitter.com/100trillionUSD/status/1311922525375549441?s=20

[El duderino_]

Fundamentally the market is scared for all the wrong reasons.

MEX did NOT get hacked. No traders will lose coins.

Futures exchanges will clean up their practices.

We'll see less volatility, less scam-wicking, more spot volumes, more organic moves, more institutional money.
https://twitter.com/woonomic/status/1311941304532627456?s=20

Meanwhile the on-chain fundamentals are showing more new investors are coming in than the mania phase of the last cycle (Dec 2017), without it reflected in price. This is because the unfettered trading games on derivative platforms is holding the price down.
https://twitter.com/woonomic/status/1311941306818555904?s=20

The CFTC just announced they are turning the volume down on unregulated derivative exchanges and their dominance on price.

BTC is going to pop.
https://twitter.com/woonomic/status/1311941309007970306?s=20

^Elwar said it to

[600watt]

EU is going full steam digital €


they list the reasons it could become necessary to issue a digital € and the most interesting reasons are

-avoiding risks of unregulated payment solutions
-preempting uptake of foreign currencies


regarding the first one I assumed this was directed towards libra. but then again... if they ever let libra happen they would regulate the hell out of it.
so... towards what is this official policy of the EU aimed at? what is an unregulated solution? the only real unregulated imaginable is bitcoin. imho the EU is acknowledging Bitcoin as a serious competitor.

regarding the second one I think this aimed towards Chinese or other cbdc´s that are being developed. this is remarkable! the EU is officially acknowledging game-theory of global financial scale: "we can't let them have all the global market"

the race has started. they all have to follow. strategically a necessity. them are studying bitcoin very closely I am sure.

here are the other reasons the give:

-complementing cash and deposits
-creating synergies with payment industry
-supporting digitalization in EU economy
-ensuring access to central bank money

(last one is interesting. what kind of scenario is this one aimed at?)
 


https://www.ecb.europa.eu/pub/pdf/other/Report_on_a_digital_euro~4d7268b458.en.pdf#page=4

I just quickly looked through, its an interesting read.

An infrastructure with some decentralisation could be used to provide a bearer digital euro, where either end users, or supervised intermediaries acting on their behalf, would verify any payment. This could be achieved through either of the following two models, which could also be combined:64
(i) Direct end-user access to the bearer digital euro;
(ii) Hybrid bearer digital euro (also allowing wholesale transactions) and account-based infrastructure.

a bearer CBDC?  

Different technical solutions could be envisaged for implementing such a solution, in particular enabling the central bank to have administrator access through remote access capabilities to the digital euro systems operated by supervised intermediaries. More advanced techniques could be used whereby cryptographic proof is computed by the systems to prove to the central bank that the amounts recorded remain valid.
Finally, to ensure consistency of the amounts and avoid the abovementioned risks for end users, the latter could be given the possibility to automatically check, through their devices and applications, that their balances correspond to what is recorded in the system of the central bank. To ensure that no unintended transaction can be originated by an intermediary on behalf of a user, the end user could automatically send a request to the central bank upon initiation of a transaction (using a private signature not known to the intermediary) approving initiation of the transaction. The end user would then receive confirmation from the central bank system that the transaction had been processed.

money is going digital. there will be

-bitcoin, the only real digital scarce asset

-50k shitcoins

-10 or 20 CBDC (or if the go full shitcoin we will have 160 CBDC soon...)



should bitcoiners worry about competition in the digital scarcity game?

Requirement 4 (R4): monetary policy option. If considered to be a tool for improving the transmission of monetary policy, the digital euro should be remunerated

23) at interest rate(s) that the central bank can modify over time

 

i have read in there somewhere that they wanted to peg it to the overall interest rate which is 0% to -0.5%

so, no ... thank you.

https://www.ecb.europa.eu/euro/html/digitaleuro-report.en.html

also see reuter link:
https://www.reuters.com/article/us-ecb-currency-digital/ecb-must-prepare-to-issue-a-digital-euro-panetta-says-idUSKBN26N0S0?utm_source=reddit.com

[serveria.com]

Just throwing it out there that maybe Trump + wife don’t have covid & it’s a tactical play to help him win the election. Just an idea, either way he’ll be fine because he isn’t 80+ with moderate to severe pre-existing health conditions.

He's 74 and overweight? 

[Lambie Slayer]

Serious question. In the (1 out of 10,000 chance) event that Trump dies, will Pence be forced to nuke China for taking out our Commander in Chief?

Or perhaps Trump could have caught Corona on purpose after doing so badly in the debate. His plan would be to go into a bunker, fight a nuclear war with China, then declare a never ending state of emergency and crowning himself President for Life for the surviving population.

Odds of death would probably be closer to 1/50, maybe even quite a bit greater than that for someone who is in such age group.. maybe even other underlying health factors that might not be being disclosed, also.

On the other hand, if we assume he gets the best of treatment (not blood letting because we are in "modern times"), maybe the odds would lower to something in the 1/100 to 1/200 arena... but 1/10,000 odds seems way too low.

Regarding your second question, of course, you are not serious... should not be treating trolls as if serious, even on the face of the question it could hardly be serious.

Learn to read and learn to count. There was only one question, not two, you retarded trollbot.  1 out of 10k chance of dying of the sniffles was actually generous, its likely lower.

[600watt]

this is a fantastic read on digital scarcity:

The Great Game
The cryptocurrency experiment could not have higher stakes. Geopolitics is often referred to as the “Great Game”. It’s the game of thrones for global power. It is a game played by sovereign states. Bitcoin is the only way that ordinary people can play the Great Game. Bitcoin allows us to play this game by creating a sovereign currency that can challenge state powers and contend for the title of global reserve currency.

If we wish to play the game on this level, it is very important that we understand that this is a game that can only be played by Bitcoin. No other cryptocurrency can win this game, no matter how “advanced” it is. Indeed, if any other cryptocurrency ever seemed like it could rival Bitcoin for the mantle of Cryptocurrency King, it would not simply mean that Bitcoin had failed. The entire cryptocurrency experiment would have failed.

Bitcoin is the invention of programmatic scarcity. It can only happen once. No blockchain after Bitcoin can invent programmatic scarcity again. Herein lies Satoshi’s Paradox: if anyone can create money through crypto-currency, then nobody can.

https://medium.com/sovryn/the-heros-journey-of-bitcoin-part-1-satoshi-s-paradox-64f90abb7811


gotta love bitcoin philosophyreligion

[Last of the V8s]

[soullyG]

That ECB crypto report is like reading the "whitepaper" for yet another shitcoin scam  

[LFC_Bitcoin]

[Paashaas]

I bought my 3th Trezor and it's shipped to my mailbox.

Received a promo code for a 10% discount for a friend ore family member but i don't tell them that i own this device for personal security reasons.

If anybody here is interested/planning to buy a product from the Trezor website PM me i'll give you the code.

I don't handpick anybody just random. (The promo code is valid for 2 months)

[Paashaas]

Wouldn't be suprised if it was an election stunt because i don't trust Trump at all.

[lightfoot]

Interesting to wake up this morning to news like that. Guess even the Presidential "Bubble" didn't keep it out.

Now we get to see what happens when reality invades this little bubble. Good chance he will be fine. Possible chance very sick. Small chance he will be in a coma or ventilator. Which will make for some interesting decisions.

Hm.

[rdbase]

I bought my 3th Trezor and it's shipped to my mailbox.

Received a promo code for a 10% discount for a friend ore family member but i don't tell them that i own this device for personal security reasons.

If anybody here is interested/planning to buy a product from the Trezor website PM me i'll give you the code.

I don't handpick anybody just random. (The promo code is valid for 2 months)

Sure, send it my way. I do not own a physical wallet yet and have been in favor of getting a model-T for over the past year.
So will take the plunge on a trezor.

Interesting to wake up this morning to news like that. Guess even the Presidential "Bubble" didn't keep it out.

Now we get to see what happens when reality invades this little bubble. Good chance he will be fine. Possible chance very sick. Small chance he will be in a coma or ventilator. Which will make for some interesting decisions.

Hm.

This is a news bomb for sure.
So all those Proud boys and the like who attended his rallies last month have in all likely hood put themselves in a situation to contract it?
Saturday night live writers are going to be working hard for the next 24 hours to get material together for the show this weekend because they going to be televising the show tomorrow night to a live audience. Which will incorporate only cast members close family & friends and closely screened people who do not have the disease already to participate in the viewing.
Much more security involved compared to those trump rallies.

Wait.. shouldn't Biden be concerned he might have gotten it since trump was going full commando not wearing his face thong during the presidential debate a couple of days ago?

Official statement from Bitmex:

[Forwarded from BitMEX Announcements]
United States CFTC & DOJ filing
In response to reports of the U.S. Commodity Futures Trading Commission and Department of Justice's decision to file charges against HDR Global Trading Limited and related parties, we have the following statement:
“We strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously. From our early days as a start-up, we have always sought to comply with applicable U.S. laws, as those laws were understood at the time and based on available guidance.”

In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.
If you have any further enquiries, please contact Support: https://www.bitmex.com/app/support/contact

leader of the first citadel?

Spoiler: I haven't watched season finale yet but tiger king-->
Ezekiel dies in TWD.

There is one thing.. Hayes has brass balls to say these things(Well atleast his lawyers did or the statement would have been riddled with 'if you want to fuck then go fuck ur motha' talk) to the DOJ and the US government entities knowing they can't touch him.
But now he would need to be like a John Mcafee and flee the country never to return or he will be arrested if found on US soil.

[lightfoot]

My initial thought is that Biden is ok: The protocols at the debate were strong and oddly enough Trump would demand protections as he is a germophile.

However Trump did make a mistake by allowing his cum dumpster to get close to him. Or maybe frenching a Proud Boy, possible as well. These things do happen....

[xhomerx10]

Wouldn't be suprised if it was an election stunt because i don't trust Trump at all.

 Is there a politician you can trust?  Other than a dead one that is.

[cAPSLOCK]

Meme quote - Jihan Wu

Outdated, obsolete language.  Don’t you know that this isn’t the horse-and-buggy days?  Language evolves.

There is now a much worse “four-letter word”.

2016, with obsolete language:

2018, after Faketoshi stuck a fork in his back, Jihan changes his tune and upgrades his F-bombs:

Whether you made this, or it is actually real.  Both make the universe a better place.  But I really WANT it to be the latter.  I am assuming from certain details it is the former.

[cAPSLOCK]

he he

Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.

I apologize... I never stop doing that...  I also spend time counting at $500k, and when I have had enough beer I throw in some 0.05 XMRBTC to add a golf course, or small airport to the island...