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

[Saint-loup]

https://twitter.com/DocumentingBTC/status/1359610528855908357?s=19

Mastercard will give the ability to accept BTC this year...

No, as for now they didn't say they will accept BTC. They said they will accept stablecoins first.

https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/

[1714145852]

1714145852

[1714145852]

1714145852

[1714145852]

1714145852

[JimboToronto]

I was looking through one of my old collections of downloaded images and I found this gem.

I'll dedicate it to Mindrust.



 

[Elwar]

https://twitter.com/DocumentingBTC/status/1359610528855908357?s=19

Mastercard will give the ability to accept BTC this year...

No, as for now they didn't say they will accept BTC. They said they will accept stablecoins first.

https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/

Stablecoins means we can convert directly into a stablecoin via a dex from our BTC and pay for stuff wherever they accept Mastercard. At some point seamlessly via LN.

This is gentlement.

[Krubster]

My days in quarantine are officially over.

I'm going a way for a while. Stay safe and keep stacking those sats.

Until next time, gentlemen.

[DaRude]

https://twitter.com/DocumentingBTC/status/1359610528855908357?s=19

Mastercard will give the ability to accept BTC this year...

No, as for now they didn't say they will accept BTC. They said they will accept stablecoins first.

https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/

Stablecoins means we can convert directly into a stablecoin via a dex from our BTC and pay for stuff wherever they accept Mastercard. At some point seamlessly via LN.

This is gentlement.

Mastercard was one of the first ones to jump in bed with facebook and their libra/diem

Using our deep experience in payments technologies, we look forward to continuing these partnerships with governments and helping them explore the best ways to develop these new currencies.

Added to this work, Mastercard is actively engaging with several major central banks around the world, as they review plans to launch new digital currencies, dubbed CBDCs, to offer their citizens a new way to pay.

With 89 blockchain patents granted globally with an additional 285 blockchain applications pending worldwide, we already have one of the payments industry’s biggest blockchain patent portfolios to draw from to make these projects successful.

They're trying to pass shit sandwich CBCDs to public in the "crypto" wrapper. Their next step should be to hire Faketoshi as their spokesperson. It's a dinosaur trying to fight a meteor, the only good thing i see here is exposing masses to "crypto" concept after which people could jump on to the real thing

Edit: we all know how great that Venezuelan CBDC petro turned out right ... right 

[Richy_T]

Ahh good to know that with all that drama yet you stayed true to BTC. But a lot of people actually followed through and got burned hard after they exchanged their BTC for the ever diminishing alt bag. (Not to mention being on the same side with Faketoshi for some time) Regardless, something something about bygones being bygones

I've been around long enough to know when I could be wrong. The fork meant there was no need to sell anything as if BCH won, I would have done well enough from that on its own. There are quite a few mistakes I think BCH made, largely due to hubris but I think the biggest thing is that BTC would have had to do something fatal to lose its edge and so far, the segwit kludge and high fees have not been that.

[goldkingcoiner]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

[DireWolfM14]

https://twitter.com/DocumentingBTC/status/1359610528855908357?s=19

Mastercard will give the ability to accept BTC this year...

No, as for now they didn't say they will accept BTC. They said they will accept stablecoins first.

https://www.mastercard.com/news/perspectives/2021/why-mastercard-is-bringing-crypto-onto-our-network/

Stablecoins means we can convert directly into a stablecoin via a dex from our BTC and pay for stuff wherever they accept Mastercard. At some point seamlessly via LN.

This is gentlement.

It's just a matter of time.  Now that some major corporations are using bitcoin to store liquid assets, it'll be inevitable.  It seems more certain now that it ever has before, and in the not-too-distant future.  

[Richy_T]

I suspect similar attempts by people running up and stealing someone's mask in a busy location will occur at some point as well.

Ah, the people who see people without a mask so pull their own down so they can more efficiently scream at the offender, causing murder clouds of spittle to engulf the local vicinity.

[Richy_T]

Why was Tesla the perfect next company to adopt Bitcoin?

Purely Elon Musk. I'm no Musk fart-sniffer but he definitely seems to have the requisite flexibility in his thinking. It's no mistake that he made most of his money with Paypal.

How does it pave the way for Apple and others?

It doesn't. Tim Cook is an unimaginative corporate drone riding the coattails of the imagination Jobs was able to wring from his subordinates. Bitcoin won't be safe enough for someone like him until 80% adoption. His job is to not drive Apple off a cliff.

[goldkingcoiner]

Why was Tesla the perfect next company to adopt Bitcoin?

Purely Elon Musk. I'm no Musk fart-sniffer but he definitely seems to have the requisite flexibility in his thinking. It's no mistake that he made most of his money with Paypal.

How does it pave the way for Apple and others?

It doesn't. Tim Cook is an unimaginative corporate drone riding the coattails of the imagination Jobs was able to wring from his subordinates. Bitcoin won't be safe enough for someone like him until 80% adoption. His job is to not drive Apple off a cliff.

You have a beautiful way with words.

[Richy_T]

I'll second that. Can't you just start again from scratch?

Possibly. The bigger issue is that it was a hassle keeping ChartBuddy up and functional. Largely because the drive filled up pretty quickly and I never developed a good archive scheme. My plan before everything went bonkers was to move him to Twitter to allow people to subscribe to him if they wanted.

Though now, of course, Twitter and censorship...

[Richy_T]

You have a beautiful way with words.

Thank you.

[JayJuanGee]

now that price has gone up once more, everyone is starting to wish they were a #BitcoinHodler but only a few are true Hodlers like me

Oh gawd.

 

[Biodom]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

he later said that he bought doggiecoin for his little X, so he might not be completely ambivalent about it.

[goldkingcoiner]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

he later said that he bought doggiecoin for his little X, so he might not be completely ambivalent about it.

He told us 1.5Bn were spent on Bitcoin... How much exactly did he spend on Dogecoin?

[savetherainforest]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

he later said that he bought doggiecoin for his little X, so he might not be completely ambivalent about it.

He told us 1.5Bn were spent on Bitcoin... How much exactly did he spend on Dogecoin?

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.            

[goldkingcoiner]

So Elon Musk promotes dogecoin but buys Bitcoin? And people still buy doge? Hmmmm

Are you saying he...distracted people with a shitcoin?    

Oh no!

 

Once i see a fat red candle on the dogeshitcoin and BTC daily, I am shorting the doge to the ground. Just a matter of time.

he later said that he bought doggiecoin for his little X, so he might not be completely ambivalent about it.

He told us 1.5Bn were spent on Bitcoin... How much exactly did he spend on Dogecoin?

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.            

Mathematically, deflation is unsustainable due to the infinite nature of having no cap. Once it gets so popular that miners decide to mine more doge, the market will quickly start diluting the price. Once the price dilutes, the people will start swapping it for Bitcoin.

[PhoenixZephyrus]

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.            

Can you please explain this part to me? I though the supply was supposed to be infinite for Doge, not capped like BTC? Isn't that one of Doge's demerits? Why is the supply low if there is no hardcap?

[Hueristic]

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.            

Can you please explain this part to me? I though the supply was supposed to be infinite for Doge, not capped like BTC? Isn't that one of Doge's demerits? Why is the supply low if there is no hardcap?

Its called a tail emission schedule.