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

[Arriemoller]

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

I'll dedicate it to Mindrust.



 

At least he is still active on the forum, trying to re-build his stash from scratch.
But You will probably never see him again here on the WO.
We can't judge, what we cannot understand.

Thats not true, I don't understand people who wear shoes like this, but I judge them anyway.

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[savetherainforest]

... next stop 56k, anybody here interested in BTC or is this just the shitcoin shitpost thread now?

Corn is going sideways for the next 24 hours! ... Sh!tcoin talk keeps flowing!    

[Paashaas]

America's oldest bank BNY Mellon plans to hold transfer and issue bitcoin.

https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810?redirect=amp#click=https


Central Bank of Kenya announces switch to Bitcoin.

https://dailynewsarena.com.ng/central-bank-of-kenya-announces-switch-to-bitcoin.


Mastercard will begin allowing clients to make payments in certain cryptocurrencies.

https://www.rt.com/business/515221-mastercard-cryptocurrency-payments-2021/amp/?__twitter_impression=true

[lightfoot]

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.

"Mine more doge"? Regardless of the number of miners there is still 10k DOGE being created every minute, correct?

It looks like 60% of all DOGE ever minted (>124 billion) are controlled by a dozen addresses with one address (active) controlling 24%. If that isn't an artificial pump and dump playground I don't know what is.

As they say: Have fun being poor.

[pressnegl]

America's oldest bank BNY Mellon plans to hold transfer and issue bitcoin.

https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810?redirect=amp#click=https


Central Bank of Kenya announces switch to Bitcoin.

https://dailynewsarena.com.ng/central-bank-of-kenya-announces-switch-to-bitcoin.


Mastercard will begin allowing clients to make payments in certain cryptocurrencies.

https://www.rt.com/business/515221-mastercard-cryptocurrency-payments-2021/amp/?__twitter_impression=true

Kenya's central bank seems to be the most sensible central bank I know ! 

[d_eddie]

Central Bank of Kenya announces switch to Bitcoin.
https://dailynewsarena.com.ng/central-bank-of-kenya-announces-switch-to-bitcoin.

This is big. It may be "just an African country", but it's a central bank. I just wonder how do they expect to be able to manipulate money supply without being able to inflate it? My guess is they'll use it for reserve only.

America's oldest bank BNY Mellon plans to hold transfer and issue bitcoin.
https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810?redirect=amp#click=https

The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.

Issue bitcoin? Someone's being delirious at BNY Mellon. Or some WSJ journalist doesn't have a clue about bitcoin and should do some basic reading.


+1 WOsMerit

[El duderino_]

I love the smell of WO and sweaty feet in the morning.

Third morning I'm waking up after a whole night of dreaming wildly of BTC pumps and dumps. Very bad mood. I blame it on Elon. Some shitposters will suffer today.

Hodl. Et cetera.

First time Inactually hear someone saying “I love the smell of sweaty feet” DAMN I do dislike that smell ! 

[ivomm]

[AlcoHoDL]

Is $50k near?

[bkbirge]

Is $50k near?

Looks like another attempt today.

[El duderino_]

Is $50k near?

Around the corner, my boy said 50k before Friday  

60-70 will fall fast the weeks after ...

Gogogo

[ivomm]

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico
https://www.coindesk.com/amazon-digital-currency-mexico

[bkbirge]

Still the drumbeat of fraud. Potentially rocky times ahead, the legacy institutions don't integrate new knowledge very well...

Her words echoed comments she made in her hearing for the role of Treasury secretary in January, when she said: "I think we really need to examine ways in which we can curtail [cryptocurrencies'] use and make sure that money laundering doesn't occur through those channels."
https://www.google.com/amp/s/markets.businessinsider.com/amp/news/janet-yellen-bitcoin-misuse-cryptocurrencies-growing-problem-tesla-2021-2-1030071724

[samson]

New ATH, $50k nears. Something big happened or was noticed about 5 hours ago, still not sure what it is.

[friends1980]

Yes. Once again ATH. Such great days fugging hell.

[Dabs]

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...

There are charts from other Twitter peeps, PlanB, Woo-something ... if all ChartBuddy did was post numbers, there wouldn't be much to censor. That and Jack Dorsey runs a full node.

[dieselmeister]

uuuuh nice pump? Did the message of master card finally arrived?

[El duderino_]

[El duderino_]

[Sayeds56]

uuuuh nice pump? Did the message of master card finally arrived?

https://www.tradingview.com/chart/BTCUSDT/lt8UOekk-BTC-potential-movement/

First Potential Target is 52K