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

[ivomm]

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

Spot on! We see now why SEC is so afraid of Bitcoin and denied all ETF's so far. They have power over stocks to shut down any platform or exchange if something goes wrong (i.e. Wall street bleeding), but not with Bitcoin. Which shows their utmost hypocrisy - the argument about manipulations applies only to themselves!

[_javi_]

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

You can always sell and buy BTC in person. Face to face, peer to peer...

[Phil_S]

Remember when Chinese bitcoin exchanges dominated the space? Until Chinese government killed them. Corn survived tho.

[AlcoHoDL]

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need to register anywhere to use it.

Pump continues. This is it guys, it's happening.

[philipma1957]

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

I am smiling as my newly acquired BTC has gained over 10 % since I swapped my doge for it.

ATH is coming up.

[Elwar]

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

[rhomelmabini]

https://www.twitter.com/MrBeastY

Well, he has just 21% followers compared to that of Elon Musk but that might still give some thrill shill.

[lightfoot]

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

That was the main reason for LTC. Well that and the 2.5 minute "get this hooker out of my room" feature. That's worth a lot.

Which is fine: BTC is not for paying hookers.

Edit: BTC is doing pretty well again. That little drop into the 20's was just a fire sale by panicked hands. Enjoy!

[dieselmeister]

https://twitter.com/BTC_Archive/status/1355134902560296960

sounds bullish ... Visa wants to work with Exchanges and Wallets

[serveria.com]

Well well... lotsa new faces around this place today. Good thing fresh blood is flowing in, bad thing most of them appear to be shitcoiners (asking about doge etc). We need to stop this shitcoinery on WO ASAP!

Jbreher is back... or not? Whatever...

Pump... pump... pump... nuff said... 

Go Bitcoin go! New ATH in January? 

[PhoenixZephyrus]

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

Thanks, that makes sense, we can still do P2P transactions if exchanges stop buying of bitcoin. But, how is the fiat price of bitcoin determined then? If no trading occurs through exchanges, what drives the price of BTC, is it equivalent to anything in fiat if all exchanges stop BTC trading?

[serveria.com]

https://twitter.com/BTC_Archive/status/1355134902560296960

sounds bullish ... Visa wants to work with Exchanges and Wallets

Great news. As if they haven't worked with exchanges before (prepaid cards). It's not BTC needs VISA, it's VISA needs BTC now. 

[AlcoHoDL]

The reason Doge is up so much is that Roger Ver keeps repeating over and over that Bitcoin transaction costs are too high. So people are moving to Doge to solve that problem.

I think that's what he was getting at.

That was the main reason for LTC. Well that and the 2.5 minute "get this hooker out of my room" feature. That's worth a lot.

Which is fine: BTC is not for paying hookers.

Edit: BTC is doing pretty well again. That little drop into the 20's was just a fire sale by panicked hands. Enjoy!

Nonsense. BTC is perfectly fine for paying hookers, unless you can't last 10 minutes with her. I would expect and demand a full 6 confirmations before I'm done...

[Torque]

1. Shitcoin shills, fuck off this WO thread.

2. This.

[AlcoHoDL]

Bitcoin is digital cash. It does not need an exchange. We meet (physically or online), I pay you, that's it. No need to register anywhere, no need for me to know your name, or for you to know mine. Perfect for hookers 'n' blow.

A couple of weeks ago I tried to explain to a colleague how to buy Bitcoin from a Bitcoin ATM. He kept asking "where do I need to register?" I kept saying "there's no need to register anywhere, just download a free wallet on your phone." And then he asked "so where do I define my username and password?"

People are used to doing things the fiat/bank way. Most fail to understand that Bitcoin is cash. Just like a $100 dollar bill in your pocket. No need, to register anywhere to use it.

Pump continues. This is it guys, it's happening.

Thanks, that makes sense, we can still do P2P transactions if exchanges stop buying of bitcoin. But, how is the fiat price of bitcoin determined then? If no trading occurs through exchanges, what drives the price of BTC, is it equivalent to anything in fiat if all exchanges stop BTC trading?

Maybe this would lead to a black market type situation, where BTC fiat equivalent price would probably rise due to the difficulty in buying it. I don't think this will happen any time soon though. If anything, Bitcoin seems to be gaining more and more recognition and respect, even from traditional investors. Things are looking good.

Unless there's some sort of deep plan to globally attack/outlaw Bitcoin at some point, which will not be easy and will likely fail.

[Torque]

Proof that Andrew Left has always been a career-long dirtbag. He actually admits it now.

Fuck that guy, he got what he deserved.

https://www.cnbc.com/2021/01/29/citron-research-short-seller-caught-up-in-gamestop-squeeze-pivoting-to-finding-long-opportunities.html

"20 years ago I started Citron with the intention of protecting the individual against Wall Street, against the frauds and the stock promotions were just all over,” Left said in a YouTube video on Friday. “Where we started Citron was supposed to be against the establishment, we’ve actually become the establishment.”

“So as of today, Citron Research will no longer be publishing what can be considered as short selling reports,” Left added. Left said the firm will now focus on long opportunities for investors.

[Dabs]

... it might not be that easy for that person to actually buy that, (s)he would need 10 million in cash laying around.

Wait until after the MicroStrategy conference. He will teach people how he himself bought 18k BTC for himself, and how the company bought a billion dollars worth of BTC.

These guys will go out and look for private OTC brokers, (hopefully some trickle down to BTC escrows so we get our little percent fee), and go buy a few whole corns each.

You only need half the billionaires to get maybe at least 10~100 BTC each, and a couple of million millionaires to get 1~10 BTC each, and we'll see something.

“So as of today, Citron Research will no longer be publishing what can be considered as short selling reports,” Left added. Left said the firm will now focus on long opportunities for investors.

He's going to mention Bitcoin, because it's one of those long opportunities today.

[samson]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

Slightly more....

[cAPSLOCK]

Just popping to say I love all of you.. even JJG.  Just because I am not posting, doesn't mean I dont!

I have mentioned several times (with my bad opsec) that I work for a hospital system.  I have been building and rolling out the workflows for our Vaccine Clinics.  I am headed out to one right now to support the users as we get all the elderly, caretakers, and at risk folks vaxxed up.

If I get covid doing this I am gonna be pissed, but it is what it is.

In the meantime does anyone know where I put my doge wallet?  

Oh, by the way...  I have not had time to read in here... but I am hoping itshappening.gif has been worn out.   Cuz, umm... y'all see what's coming right?  It's actually scaring me a little.  Seriously.

In case it's not here...

[AlcoHoDL]

Kraken servers gone bonkers...again!