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

[Torque]

Well, the last few hours has definitely been something interesting. Good to see we bounced right the fuck off the 46k mark and now back into the 51's. Kinda sad one person, who is relatively new to crypto and BTC in general, can make a tweet and cause this much panic. I'm not sure what the fucking end game was here but I can tell you it's got nothing to do with BTCs environmental impact. If he gave a shit about that his strip mining operations for lithium would stop too. Plus he's hurt his own investment by knocking the price down some. Time will tell I guess but BTC is bigger than one person and let this serve as a warning to us all... don't champion a single person as a hero in this space, humans are shitty and invariably will let you down

You would think that after the whole "from 'Bitcoin Jesus' to 'Bitcoin Judas' " fiasco, the community would learn that lesson.

But oh no...

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[Paashaas]

Look like he will not stop this bull shit  


https://twitter.com/elonmusk/status/1392780304138473473

He's ass-kissing the goverment and abusing his influence that will cost his reputation.

Tesla seeks entry into U.S. renewable fuel credit market.

Elon's recent FUD might have something to do with government and subsidies.

[rdbase]

Look like he will not stop this bull shit  

https://twitter.com/elonmusk/status/1392780304138473473

Bloomberg has already addressed this so if he is somehow confused about this and seems fascinated with a new found rebellion against bitcoin.
Then maybe he should look elsewhere for a zero carbon emission coin.

The criticisms against bitcoin made by bloomberg since it has reached well past $60k per coin recently.
So you just knew the big news media outlets were going to put up their views on how is it possible for something they all dismissed as a just a fad several years ago when it rose then dumped in pretty short succession.
But this time it has held strong being very stable just above $57k in it's second huge bull run.

https://twitter.com/Quicktake/status/1372874835832008721

A comment I liked from this tweet:
Wages to Freedom Man technologistMoney bag @bitsee2 Mar 19 Replying to @Quicktake and @EdVanDerWalt
Unfortunately an uneducated video. Especially the Visa comment. Visa is not analogous to Bitcoin. Visa does not provide final settlement.

Isn't it odd they compared bitcoin taking as much electricity as the whole country of Argentina to mine it?
Under what time frame?

You can post your comments about this here: https://bitcointalk.org/index.php?topic=5325680

Someone has got to educate this fool on something he knows nothing about and just joined in by asking what dogecoin was many moons ago.

[MERlT]

Well, the last few hours has definitely been something interesting. Good to see we bounced right the fuck off the 46k mark and now back into the 51's. Kinda sad one person, who is relatively new to crypto and BTC in general, can make a tweet and cause this much panic. I'm not sure what the fucking end game was here but I can tell you it's got nothing to do with BTCs environmental impact. If he gave a shit about that his strip mining operations for lithium would stop too. Plus he's hurt his own investment by knocking the price down some. Time will tell I guess but BTC is bigger than one person and let this serve as a warning to us all... don't champion a single person as a hero in this space, humans are shitty and invariably will let you down

You would think that after the whole "from 'Bitcoin Jesus' to 'Bitcoin Judas' " fiasco, the community would learn that lesson.

But oh no...

The world has an endless supply of fuckwits, sheeple breed at a phenomenal rate, a bit like cockroaches, and the Banksters have beguiled them with "Crypto" the so called next big thing.

All these shitcoins are nothing more than FUD tools, to be utilised to discredit and distract from Bitcoin.

Elon is just another of these Trojan Horse "good guys" that apparently are anti establishment, but really as evidenced by history are just another privileged cunt speaking with a forked tongue.  

[d_eddie]

Not all heroes wear capes:

MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $55,387

Micheal BTFD bought just BTFD

Not ....?? Saylor as a sailing boat as a boat with a cape.... the Hero/Captain always got his cape

He missed the rock bottom though. But I'm not really sure how many coins were available down there. My SOMA system says we close the day over 50k.

[Torque]

Guys, this is all playing out *exactly* like 2017 did.

Remember April/May of 2017? It was right around that time when the BCash fork and UASF shitshow fiasco started up. Bitcoin dipped hard and shitcoins started getting pumped. The forum was raging about it, and how Bitcoin was losing marketshare to shitcoins. The bullshit went on well past the BCash launch in August 2017.

We all know what happened after that.  

So HODL on, my good friends. Keep buying those dips.

[bitcoinPsycho]

Bsv and bch get taste of own medicines  lol
    
 https://mobile.twitter.com/BitcoinFX_XBT/status/1392501147949223937

https://bitcointalk.org/index.php?topic=5216304.msg57000209#msg57000209

[FIFA worldcup]

I am sure one day MicroStrategy will flip Tesla  



https://twitter.com/michael_saylor/status/1392814015181635584

[Lucius]

10,000 #Bitcoin just flowed out from Coinbase. We are one step closer yet again.

https://twitter.com/caprioleio/status/1392785852493963265

Speaking of accumulation, this is 2/3 of the 3 hours dump to 46K. It is easier to shake the weak hands than taking an icecream from a child these days 

From Coinbase to Coinbase Custody probably, because we know where all the coins end up when the big players buy them. I would say that children are much smarter than most crypto traders today - children fight for their ice cream, these crypto sheep voluntarily go to slaughter every time the master calls.

[Dabs]

Back brace. Even the little Home Depot soft one. They look stupid yes, but man does it totally solve the back problem.

I actually think I need to work it *more* and lose some weight. Semi-retirement has made me soft and flabby(er). It was actually feeling a lot better by the end of the day (endorphins kicking in?)

If I may suggest: try back exercises, deadlifts, squats, pull-ups / chin-ups ... start light or bodyweight then work your way up slowly, like take 2 weeks to go from zero to 10 kgs / pounds or something. You'll figure something out and your back will thank you.

[Imbatman]

I'm surprised I haven't seen anyone mention the timing of Musk's tweet as compared to the extended U.S. Tax Deadline that is this coming up Monday May 17th.

I know I'm sitting on a large payment I have to make for which I'm waiting until Monday to send.

I wonder if that had anything to do with the coordination of the dump that we see a lot of times in early April.

I'm personally hoping that had a lot to do with it, and we see an uptick starting this weekend.

HODL on

[bucciarati]

Guys, this is all playing out *exactly* like 2017 did.

Remember April/May of 2017? It was right around that time when the BCash fork and UASF shitshow fiasco started up. Bitcoin dipped hard and shitcoins started getting pumped. The forum was raging about it, and how Bitcoin was losing marketshare to shitcoins. The bullshit went on well past the BCash launch in August 2017.

We all know what happened after that.  

So HODL on, my good friends. Keep buying those dips.

you forget China ! 

[somac.]

Well, the last few hours has definitely been something interesting. Good to see we bounced right the fuck off the 46k mark and now back into the 51's. Kinda sad one person, who is relatively new to crypto and BTC in general, can make a tweet and cause this much panic. I'm not sure what the fucking end game was here but I can tell you it's got nothing to do with BTCs environmental impact. If he gave a shit about that his strip mining operations for lithium would stop too. Plus he's hurt his own investment by knocking the price down some. Time will tell I guess but BTC is bigger than one person and let this serve as a warning to us all... don't champion a single person as a hero in this space, humans are shitty and invariably will let you down

You would think that after the whole "from 'Bitcoin Jesus' to 'Bitcoin Judas' " fiasco, the community would learn that lesson.

But oh no...

The world has an endless supply of fuckwits, sheeple breed at a phenomenal rate, a bit like cockroaches, and the Banksters have beguiled them with "Crypto" the so called next big thing.

All these shitcoins are nothing more than FUD tools, to be utilised to discredit and distract from Bitcoin.

Elon is just another of these Trojan Horse "good guys" that apparently are anti establishment, but really as evidenced by history are just another privileged cunt speaking with a forked tongue.  

Yep, it's not like the old days and never will be again. If we want adoption we have to put up with idiots. At least those idiots will now be protected from government/CB printing though. That is, when they eventually stop selling.

[BitcoinBunny]

How much energy is used to send all these dumb ass tweets around the world?

[LFC_Bitcoin]

https://twitter.com/woonomic/status/1392842196085182471?s=21

[LFC_Bitcoin]

@Pathtomanliness
People are cheering that bitcoin dropped

Yeah, it’s been a rough year. Don’t know how we will get thru it


https://twitter.com/pathtomanliness/status/1392844249553678339?s=21

[Elwar]

I have a feeling that the total number of Teslas bought with Bitcoin == 0.

I think this is one of those "you can't fire me, I quit" scenarios. Musk was expecting a bunch of people to roll in with their Bitcoin and nobody came to the party.

This is likely it. With the cruise ship we mainly blamed it on not being able to get insurance (which was the last straw) but the fact that only 2 people bought a cabin played a huge role in our decision.

Everyone thinks it's a great idea, but nobody wants to put their money where their mouth is.

All of those businesses that put "Bitcoin Accepted" signs on their stores would usually say that they'd get about 1 or 2 people a month that would pay in bitcoin.

I used to go to places that accepted bitcoin for payments while traveling and usually the iPad that they used wasn't even charged or they would just simply say the bitcoin payment was "down".

As much as I wish it was a payment gateway, Bitcoin is primarily used as a replacement for gold. But at least it is getting a great payment gateway built on top of it, which takes hardly any C02 per transaction.

[Richy_T]

Whats their address?

Having one address is a bit oldschool. One should generate a new address for each transaction.

The whole thing about Bitcoin energy use should be put on the right path. Miners pay electricity. They pay because they consider that the costs are lower than the benefit. They have a benefit because Bitcoin proves valuable. If Bitcoin would have no value, no one would mine it.

Short cutting this: the energy use shows how valuable Bitcoin is. And it’s still increasing. Apparently the market appreciates sound uncensorable money.

I don't think this whole energy use concern thing is coming from people who are concerned about energy use anyway. There are a raft of people who have an interest in attacking Bitcoin and everything else has failed so far. As will this.

All of those businesses that put "Bitcoin Accepted" signs on their stores would usually say that they'd get about 1 or 2 people a month that would pay in bitcoin.

I used to go to places that accepted bitcoin for payments while traveling and usually the iPad that they used wasn't even charged or they would just simply say the bitcoin payment was "down".

We put one on my wife's business and got a total of 0 users. Which is probably just as well as when I instructed people on how to take it, it went in one ear and out the other. I just considered it as a way to advertise Bitcoin. Of course, most consider that use case as below Bitcoin now anyway so there isn't one at her new location.

[friends1980]

@Pathtomanliness
People are cheering that bitcoin dropped

Yeah, it’s been a rough year. Don’t know how we will get thru it


https://twitter.com/pathtomanliness/status/1392844249553678339?s=21

^ This. ^

Who cares about volatility, as if that's news to us.

And who cares about Musk.

Or JP Morgan. Or Buffett.

Or ...

[Dabs]

And who cares about Musk.

Or JP Morgan. Or Buffett.

Or ...

I actually "care" about Musk and Buffett, not so much JP Morgan, but then JP Morgan is a bank. Buffet,  I'm concerned as I think he and Munger will die without owning any bitcoin, but that's okay. I just hope they eventually understand it and not be so negative. It's obvious to us coiners that they don't understand it and why their reaction to bitcoin is the way it is. They've never really understood new technology or new combinations of old tech into something new so it's no surprise they don't understand bitcoin. Apparently, they are not even taking the time to study it as it really only takes you a couple of months to understand some part of it enough that you'd decide to get some.

As for Musk, I "care" about what he thinks about the future of humanity and something he said about AI. And I like the way he explains rocket science in a way that other people can understand.

Do take note that Tesla is not selling any bitcoin, not right now anyway.