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

[cAPSLOCK]

https://www.seattlepi.com/news/article/Down-Under-criminals-tricked-into-using-FBI-run-16231906.php

"
THE HAGUE, Netherlands (AP) — Criminal gangs divulged plans for moving drug shipments and carrying out killings on a messaging app secretly run by the FBI, law enforcement agencies said Tuesday, as they unveiled a global sting operation they said dealt an “unprecedented blow” to organized crime in countries around the world.

The operation known as Trojan Shield led to police raids in 16 nations. More than 800 suspects were arrested and more than 32 tons of drugs — including cocaine, cannabis, amphetamines and methamphetamines — were seized along with 250 firearms, 55 luxury cars and more than $148 million in cash and cryptocurrencies.
"

Could be one of the methods used to get back the pipeline ransom coins..

Some criminals are idiots eh,... why couldn't they use any other messaging app, like Signal, .... or there are plenty others out there, as well as GPG (but then they'd need to use email maybe.)

GPG is too hard for 90%, but it is THE way.  Same exact attack vectors as bitcoin, really... as in none except for a compromised machine, and social attacks.

[ChartBuddy]

Explanation

[becoin]

Explanation

I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!

[marcus_of_augustus]

I think this is all china.

... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

[Elwar]

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

[marcus_of_augustus]

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

... 32k will be the new 3.2k ... as in 'I wish I had bought the 32k low'

[OutOfMemory]

I think this is all china.

... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).

[Elwar]

El Salvador to the US:

Have fun staying poor.

[ChartBuddy]

Explanation

[cAPSLOCK]

Even though atm u b seeming very, very, very ccccciiiiiiiittttttttteeeeee^tm... not safe to keep too many of your lil screwie thing-i-ma-jiggies in one spotty (speaking of doggies).

#just saying

You got to have them all in one place when you are setting up multi-sig wallets...

Either that or have a ridiculously good memory?

The reason I have more than one is to geolocate them across space.  But you got to spend a minute with 'em to gem 'em all their marching orders.

[OROBTC]

[mostly edited out]

Surely my various back and forths with you over the years  has informed me that you, Oro, seem to be more in the camp of someone who has gone through a certain level of personal consideration of your chosen allocation amount(s), your chosen strategies and your reasons for such.  Accordingly, I am responding to the ideas of your post, and not so much to you in regards to the idea of allocation and also how aggressive someone might want to be in connection with his/her chosen allocation amounts.  Another  peculiarity for you, Oro, seems to be that you had already had a pretty decently long investment history with gold and perhaps some other kinds of investments, so you have had developed a variety of comfort levels with your cash management and assessments of your needs and your financial goals that may well differ from other peeps, but the main thing remains your own comforts with your chosen balances of a variety of personal factors that may well differ from a decent number of others who may be weighing those various personal considerations.

I guess the main point still is that even if there might be some disagreement regarding the aggressiveness (or lack thereof) your chosen allocations in the smeemingly whimpy 1% arena, and also including your frequent reallocation (seeming choice not to let your winners ride a wee bit more), but it still seems to both float your boat and allow you some level of comfort (to the extent that you are not just making shit up... hahahahaha).


Anyhow thanks for referencing me, which I largely read as an opportunity to harass you a wee bit.

I have very much enjoyed back & forths here at W.O., in part because the quality of conversation here is so much better than the rat-nests that so infested Zero Hedge when I was a member there (it's even worse at ZH now).

DO note that anyone with even a wimpier 0.1% of BTC is way better off (in that portion of his/her portfolio) than almost anyone else.  I got lucky, bought from 2014 - 2020, sold a bunch in 2017 and 2021.  1% is meaningful when that magically made it to nearly 4% (ahh, that would be the tranches that I sold near the ATHs).  I have cashed out a bunch, but still HODL way more than the Average Joe.  Even if a wimpy 1% way less than the Average Joe W. Observer.

Indeed my personal circumstances very different than almost anyone else's here.  I pretty much had to learn on my own, with nice help along the way.  With one exception, NONE of my friends or family are into BTC/crypto (though our son-in-law is into BTC and ETH, and fairly bigly).  1% seemed to be the "right" amount.  Perhaps the best investment advice I ever got was:

"Buy only as much as you understand"

That was from obscure gold guy FOFOA.  And that advice has worked well for me for decades.  But plain old good luck has been a big piece of that.  Or His Will for those who so prefer.  I do not ever forget that.  I will never forget that: I never got here on my own.  

[cAPSLOCK]

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

Everyone ALWAYS think they missed the boat.  Everyone has been wrong, so far.

[serveria.com]

El Salvador gives us a preview of the next cycle or countries buying BTC. 2013 - geeks, 2017 - retail, 2021 - institutions, 2025 - countries! 

[bitcoinPsycho]

I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.

Then the price goes back over ATH and all other countries cry that they missed the boat.

I would say it's very much on the cards

[ChartBuddy]

Explanation

I'm putting this trash on my ignore list for it is just waste of space. It is the only one on my ignore list currently!

[Biodom]

I think this is all china.

... you might be onto something here. Looks like Musk might be kneeling down to suck Chinese Commie dick too
... Tesla was getting hammered in China until he started his anti-bitcoin tweeting

https://www.zerohedge.com/markets/tesla-shares-jump-3-after-china-made-vehicle-sales-rise-29-may

Interesting, indeed.
China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source.
I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement.

EDIT:
China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building).

If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

[Biodom]

El Salvador gives us a preview of the next cycle or countries buying BTC. 2013 - geeks, 2017 - retail, 2021 - institutions, 2025 - countries! 

it does not...for that we need to see countries like Denmark, Netherlands or even better, Switzerland, doing the same.

[LFC_Bitcoin]

Chad Saylor is at it AGAIN....






https://twitter.com/btc_archive/status/1402344826570481669?s=21





I smell soon to be liquidated shorts.....

[JimboToronto]

I’m all in and all of it is in cold storage

That is the way…

This is investment advice

Cheers

Been that way for years.

Not your keys not your coins. Create your own offline addresses. Even hardware wallets can be compromised.

[Richy_T]

If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

Bitcoin and bitcoin mining in particular is bringing huge amounts of wealth into the CCP currently (I'm surprised that that isn't used as more of an attack, in fact). Whatever they do publicly, this has to be borne in mind when evaluating the likelyhood of it being true.

As to replacing the dollar, yes. Not sure if it will be their own deal or some BRICS concoction. Depends how much clout they feel they have, I suppose.