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

[HairyMaclairy]

It’s a great Bitcoin tradition to have a crash on Thanksgiving Day and then largely recover within a week. 

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[sirazimuth]

Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes. (and he knows it)  His immunity runs out on Jan 20, 2021 at noon.
Pass the popcorn please...

[OutOfMemory]

Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes.  His immunity runs out on Jan 21, 2021 at noon.
Pass the popcorn please...

I don't know what you guys want!
He truly made america great again, by losing the elections and getting removed.
So in the end, he achieved what he stupidly promised, didn't he?  

EDIT:
Support around $18.6k got thinner, but i would be surprised if it breaks.
Nothing to see here 

[sirazimuth]

Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes.  His immunity runs out on Jan 21, 2021 at noon.
Pass the popcorn please...

I don't know what you guys want!
He truly made america great again, by losing the elections and getting removed.
So in the end, he achieved what he stupidly promised, didn't he?  

lol
Biden's cap.... "WE JUST DID"
https://www.amazon.com/DSY-Lifestyle-Baseball-Biden-President/dp/B08MZ765T1

[xhomerx10]

Can anyone explain the recent massive drop in difficulty?

https://news.bitcoin.com/bitcoin-networks-mining-difficulty-sees-largest-epoch-drop-since-2011/

 Possibly China fud?  There was a thread started last week "China cracking down again on bitcoin mining" which contained a link to a png file.  The document looks similar to other "official" Chinese gov't edicts but this one did not have the official stamp so I disregarded the information.  I did however OCR the image and put it through various translation services to see what it had to say.

Google translator:

Office documents of the Leading Group for the Special Rectification of Internet Financial Risks
Remediation Office Letter (2020) No. 2
Notice
Provincial (autonomous region, municipality), Inner Mongolia Internet Financial Risk Special Work Leading Group Office: According to relevant departments, there are currently some "virtual currency" mining companies, which consume a lot of resources and also contribute to the hype of "virtual currency" According to the National Financial Work Conference, on the spirit of preventing and controlling risks and tightening the outflow of funds, the relevant member units of the leading group of Internet finance special rectification work have decided to immediately inspect and shut down all of the provinces from November 27, 2020. "Virtual currency and other mining companies ordered the removal of related network equipment before December 30, and companies that violated regulations were enforced.

Bing translator:

Internet financial risk special rectification work leading group office documents
Rectification Letter (2020) No. 2
Notice.
Provinces (districts, cities), Inner Mongolia Internet financial risk special work leadership group office: According to the relevant departments reflect that there are some "virtual currency" mining enterprises, in the consumption of a lot of resources at the same time to promote the "virtual currency" hype, according to the National Financial Work Conference, on the prevention and control of risks, tightening the spirit of outflow of funds, Internet finance special rectification work leadership group related member units, decided to immediately check and close all virtual goods in the province Coin and its mining enterprises, ordered by December 30, the withdrawal of related network equipment, violations of the enforcement of enterprises.

and DeepL translator:

Documents of the Office of the Leading Group for the Special Rectification of Internet Financial Risks
Rectification Office Letter [2020] No. 2
Notification
Each province (region and municipality), Inner Mongolia Internet Financial Risk Leading Group Office: According to the relevant departments, there are some "virtual currency" mining enterprises, which consume a lot of resources and also encourage the "virtual currency" mining. In accordance with the spirit of the National Financial Work Conference on risk prevention and control and the tightening of outflow funds, relevant members of the Internet Finance Task Force decided to immediately inspect and shut down all "virtual currency and other mining enterprises" in the province starting November 27, 2020, and ordered that all relevant network equipment be retired before December 30, 2020. Violations Corporate Enforcement

Translated with www.DeepL.com/Translator (free version)


edit:
 It kind of jives with this:

https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china

edit2: tl;dr
Chinese miners, who control over 70% of bitcoin’s hashrate or mining power, have been facing challenges liquidating their crypto holdings for cash because many are finding their bank accounts and cards frozen as a part of the Chinese government’s nationwide crackdown on telecommunications fraud and money laundering via cryptocurrency deals.

edit3:
okay, maybe I OCD'd it rather than simply OCR'ing it.

[OutOfMemory]

lol
Biden's cap.... "WE JUST DID"
https://www.amazon.com/DSY-Lifestyle-Baseball-Biden-President/dp/B08MZ765T1

great idea, seriously funny  

Can anyone explain the recent massive drop in difficulty?

https://news.bitcoin.com/bitcoin-networks-mining-difficulty-sees-largest-epoch-drop-since-2011/

....
(removed analysis of possible china fud)
.....

Not a bad thing at all. Miner dominance(s) should change to the better. If it's even true.

EDIT:
One of my eyes is already closed.
#hodlsleep #thenmoon

[Biodom]

Bitmain is confident that we would be above 20k very soon...sent funny email about the coupons that would expire after 3 days at 20K, urgingto use them, lol...there are NO miners for sale...the May 2021 (!) batch already sold out....
"smoke" 'em is you got 'em.

[Biodom]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

[nutildah]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

I'm not entirely sure what he means by "self-hosted crypto wallets" but if it means what I think it means, fuck that.

"Oi! You got a license for that there Titcoin wallet?"

(Titcoin is my go-to when thinking up an obscure shitcoin on the spot.)

[explorer]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

 Plenty of VPN options to choose from, but otherwise I expect that Bitcoin, and all other cryptocurrencies will go on without them. 

[rdbase]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

So trumpster is shooting down anything he can before his last exit out of the white house.
The last hurray as some would say.. to endure his legacy.

So in essence firing and pardoning his cronies is not enough now he has to make sure bitcoin: the anti-corporate currency, does not make it pass stocks and gold on his last day in office?
F-dat man.

[True Myth]

Here I am in the Wall Observer thread in November 2020, when for the first time in quite a while, it seems there's some significant Walls to Observe.

Lots of folks wanting to cash in now that we're near ATHs again it seems ^_^

Completely understandable. People that bought near the top of the last rally are finally in the green again, so they might be looking to get off the roller-coaster.

My ex wife bought near the ATH a few years ago due to FOMO.  I'm sure she has long since forgot about her coins.  I've been contemplating if I should tell her to check (resulting in instant selling) or do her a favor and not mention anything to her...

#MoralDelema

Surely sounds like an outlier case to buy and to completely ignore for nearly 3 years.

We are talking about someone who loses about one phone a year and can't find her car in a parking lot during the day time...

Ex wife update:

The non follower has discovered the recent rise in BTC.  Called me to see how she can sell her bitcoin.  #LooseHands

[toknormal]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

It just means that if you do a withdrawal from an institutional regulated exchange like Coinbase, you would first have to provide them with KYC details for the destination address. (So if it's your own address I don't really see the problem - you already had to give them your KYC to get an account in the first place).

I think Brian Armstrong's cr*pping himself because he realises this will just drive trade use of crypto (as in using it to buy stuff) off exchanges and into offline wallets. It's quite handy to be able to send satoshis here there & everywhere from your exchange account but if you needed to get KYC info for every single address.....f* that.

[lightfoot]

Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes. (and he knows it)  His immunity runs out on Jan 20, 2021 at noon.
Pass the popcorn please...

Off to mother Russia.

[jojo69]

[explorer]

   Yawn.  But it's still on.

[Biodom]

All three graduated from some high school and maybe even college.
...Idiocracy is not coming, it is already here.

[Hueristic]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

4 digits is no longer possible.  That time has passed.

[JayJuanGee]

I hate your guts Biodom...

 

Even though he been hanging out in dees here parts of bitcoinlandia, he don't know MOAR dan nuttin...

I have no guts, you can call me AlphaSubZero 2020.3.

you sold your organs for btc? whats the going price for the various organs?

asking for a friend.

^This does not compute.
"That night, he dreams that he is visited by the Fairy, who kisses him. When he wakes up, he is a real boy at last."
The boy buys bitcoins...
The boy and a Fairy live happily thereafter...
fin

ok so you sold your brain obviously. anything else worth selling? my brain wouldnt bring much.

Seems to me that Biodom has been letting a lot of anger build up recently.... It's almost as if he was not adequately enough prepared for UPpity in order to be happy with a bitcoin maximalist kind of position.... so he has some kind of subtle battle that he is wanting to wage, herein. 

I was hoping that he would snap out of it.. but whatever, we have all types in these here parts... that is part of the outcome of having open source and even open money.. Anyone can become part of it, and therefore all types are going to join our little bitcoin train... even those who were hostile to our little train will end up joining sooner or later.. if it is NOT them, specifically, then more likely their kids or their grandkids.

[Wekkel]

Bitcoin is a delusion.

Source: here

Another economics commentator to remind in about 10 years time