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

[JimboToronto]

....
3. wtf happened to Rosewater Foundation?
.....

Always wondered that myself actually. I miss the mayor's colorful posts.
All my favorite wo bros seem to have gone bye bye.
Time marches on.
Damn I'm getting old.....

https://www.youtube.com/watch?v=Ciq0wlhwUVw

The puggie nerdy looking singer in that video kind of looks like what I would have imagined RF/Mayor to look like, for whatever that's worth?

Actually, he looks like this:



He fell on hard times. Had to move out of town after losing his job and selling his coins, than contracted celiac disease.

Too bad. Nice dude. Beer drinker.

He was ready to sell in 2017 for the down payment on a condo but I talked him out of it. At least he didn't lose it all that way.

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[1714865163]

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[bitebits]

^ They at least recovered the Mayor's pants:


https://twitter.com/weird_hist/status/1399851772043313153



Goose bumps:



Edit: Link to the 3 page document in English.

[ChartBuddy]

Explanation

[bitebits]

Was thinking the current price action is a clear example of an irrational market. Bitcoin just got legal tender in a fucking country! But maybe the market is scared of the potential consequences. The US surely is not going to like a declining demand for their USD, which is was the only currency of El Salvador. Need to stop it in its tracks, before some other countries get wild ideas?

I was a bit afraid when Jack Mallers announced the El Salvador bitcoin adoption while the bill had not been passed yet. The US could have acted quickly. Perhaps the market was afraid El Salvador would get stopped, which would surely have been bearish news.

Let's see. I think with El Salvador now having Bitcoin as legal tender, Michael Saylor buying another chunk, and Taproot surely being activated this difficulty epoch, we might have seen the bottom for now.

[shahzadafzal]

Hey Harvard I'm in relationship with bitcoin does this count?

[somac.]

Was thinking the current price action is a clear example of an irrational market. Bitcoin just got legal tender in a fucking country! But maybe the market is scared of the potential consequences. The US surely is not going to like a declining demand for their USD, which is was the only currency of El Salvador. Need to stop it in its tracks, before some other countries get wild ideas?

I was a bit afraid when Jack Mallers announced the El Salvador bitcoin adoption while the bill had not been passed yet. The US could have acted quickly. Perhaps the market was afraid El Salvador would get stopped, which would surely have been bearish news.

Let's see. I think with El Salvador now having Bitcoin as legal tender, Michael Saylor buying another chunk, and Taproot surely being activated this difficulty epoch, we might have seen the bottom for now.

Yeah its funny isn't. This is the day many years ago that we were dreaming of, it is a massive historical event in Bitcoin's history and no real market reaction and barely a murmour on these boards. While the price is not too exciting right now, I have probably never been so exciting about bitcoin then this moment. A country (sure it is small, but that's how this things start) adopting it as its currency, holy shit that is a big deal, and what's more it is doing it by making heavy use of Bitcoin's 2nd layer solutions. We are about to see why all the shitcoins that tout low fees and fast transaction times are completely pointless.

This is a massive moment and I'm glad everyone here is able to experience it.

[ChartBuddy]

Explanation

[Paashaas]

The Bitcoin Bill has passed in El Salvador.

Historic moment for humanity, what a time to be alive to witness this event.

Still have my bottle of Jack Daniels on the shelf, going to drink a glass tonight (not now because it's still morning and going to the gym soon lol.)

[marcus_of_augustus]

https://twitter.com/nayibbukele/status/1402507224916836352

The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.

62 out of 84 votes!

History! #Btc

... frankly I could give a shit about price right now, changing money was the goal, we are winning!

[somac.]

Hey Harvard I'm in relationship with bitcoin does this count?

And harvard is 100% right about this. But happiness from family is not exactly profitable for corporations as family is free to enjoy (other than covering needs house, food, etc). That's why we get mass manipulation from the media and corporations, orchestrated by people such as Edward Bernays, in an effort to undermine the traditional family unit and instead focus everyone's mind on satisfying the individuals wants and desires through consumerism. This reduces wealth being passed on through the generations, meaning that employees remain desperate and without power, while also having the benefit of destroying the planet.

[Paashaas]

https://twitter.com/nayibbukele/status/1402507224916836352

The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.

62 out of 84 votes!

History! #Btc

... frankly I could give a shit about price right now, changing money was the goal, we are winning!

If you change the money system you will change the world and this is exacly why i'm in Bitcoin.

Getting rich is very a positive side affect which was never my main goal at the first place.

[marcus_of_augustus]

https://twitter.com/nayibbukele/status/1401622548396314631

1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.

... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'.

[somac.]

https://twitter.com/nayibbukele/status/1401622548396314631

1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.

... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'.

There'll probably be a fight first though, IMF and USA have allready contacted El Salvador about it all apparently.

You never know, El Salavador might have some freedom coming their way, before we can all relocate there.

[Paashaas]

More countries will follow, so if you wait you can pick another country of your choise, they will compete for those smart people.

[modrobert]

https://twitter.com/nayibbukele/status/1401622548396314631

1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.

... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'.

There'll probably be a fight first though, IMF and USA have allready contacted El Salvador about it all apparently.

You never know, El Salavador might have some freedom coming their way, before we can all relocate there.

Unless USA and IMF wants to be hated by the whole world, they'd be smart to leave this one alone.

[Richy_T]

Looks like the FBI question has resolved to them gaining access to a custodial wallet.

Not that I ever doubted the security of Bitcoin but such things tend to scare the horses.

[ChartBuddy]

Explanation

[somac.]

https://twitter.com/nayibbukele/status/1401622548396314631

1. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs.

... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'.

There'll probably be a fight first though, IMF and USA have allready contacted El Salvador about it all apparently.

You never know, El Salavador might have some freedom coming their way, before we can all relocate there.

Unless USA and IMF wants to be hated by the whole world, they'd be smart to leave this one alone.

Hang on, are you saying that the US and IMF aren't already hated?

More countries will follow, so if you wait you can pick another country of your choise, they will compete for those smart people.

Yep there will be at least a couple more. Purely as a way for those countries to get new capital investment from the space.

[aesma]

Up up up !

[somac.]

Up up up !

Hopefully this time it stays up.