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

[Gyrsur]

That elevated volume is what makes me excited, no matter if next move is down or up.

who? when? where?  

you mean the Futures on Binance? not less than 500k BTC per day.

[1715097701]

1715097701

[1715097701]

1715097701

[UnDerDoG81]

That elevated volume is what makes me excited, no matter if next move is down or up.

who? when? where?  

you mean the Futures on Binance? not less than 500k BTC per day.

Ok you are right. I am always on the one minute chart on bitcoinwisdom and it shows high volume

[ChartBuddy]

Explanation

[El duderino_]

looks like more sideways now. rally is delayed because it seems they don't want to have the corn to expensive to still fill their pockets at least until end of August.

By the end of this month we shall see +45K at least. There are huge huge shorts that need to be closed within next 10 days. Proudrekt will be rekt. Again.

Will be watching it...

Rooting for it as usual... Cheers

[El duderino_]

Would enjoy a weekend pump… would hate sending cheap corn for the game 😅

And ever since I saw sgbett in an interview about bsv he bugs the shit out of me.  If he wins I will have an existential crisis. All his posting in there taunting us annoys tf out of me. 😁

 

[cAPSLOCK]

So It was hot as hell last night and I decided to go outside, naked, to cool of (I live in the countryside). It so happened that I walked in to my neighbors old corral and what I thought was just high grass was also nettles. I stung my legs, butt, and Helmuth and the glockenspiel, I have had a trying night.

So many things about this...

[Elwar]

On the idea that Bitcoin may be adopted in Panama...

The only current use of Bitcoin in Panama is the very expensive Bitcoin ATMs that charge about 10% both ways. All other usage is through a small community of us, mainly Ocean Builders selling to a wide swath of people that want to buy bitcoin for cash (since we can't get a bank account...supposedly due to my involvement).

The one congressman that proposed a Bitcoin law is in the opposing minority party who may just be doing it for political points or as a jab at the administration.

They tried to pass a "Crypto" law at one point, when the minister that was proposing the law finally talked to local Bitcoin users they were all up in arms because the law was shit. The law was fairly standard/cut and paste from other country's laws with no real innovation until the last few paragraphs where it talked about taking 5% of every "international transaction" and giving that money to the elderly. When the minister had a phone conference with local crypto users they kept asking questions about details in the law and after a while the minister had to end the call as it became obvious that he had not read the thing himself.

Had this congressman wanted to talk to the local crypto community I would know about it. And he hasn't.

When we called the cruise ship we purchased the "Satoshi" our government contact (assistant to the president) gave us a lot of push back telling us not to make anything public about it being a "Crypto cruise ship". For all Panama media and anything government facing I had to say the name Satoshi means "knowledge" in Japanese and that the focus of the cruise ship was for digital nomads and startups. We could not mention cryptocurrency.

The idea that they would change their stance from "don't talk about crypto" in December to "let's make Bitcoin legal tender" in June is impossible.

Their reasoning for being so scared of crypto is because of their reputation as a money laundering nation. They're trying to clean up that image and adding Bitcoin, which would make money laundering easier, does not do well for that image. They've been trying to suck up to the big boys internationally. They'll be sold to China before they adopt Bitcoin.

They have elections every 5 years and their last elections were 2 years ago. So the earliest we could see Bitcoin as a currency in Panama would be in at least 3 years when the current party is defeated. Maybe a young party like in El Salvador will take over.

please correct me if I am wrong sir but you are saying using bitcoin over fiat makes it easier to launder fiat? hmmmm
i respectfully disagree and i think chain analytics proves that point..for now
regardless i wish you nothing but the best Elwar for standing tall at the front lines

+1 WOsMerit

dirty Cash in a bag going to clean cash in a bank takes work.

a great way to do it is all you can eat buffets.

chinese buffet reastaurants where hot in usa from 1990 to 2005.

bitcoin can hold dirty btc in a wallet for a decade or more .

sure if ever can be  turned  into clean untraceable btc.

Whether true or not, that is the perception of the presidency. Certainly with the Lightning Network anonymity will be much easier.

As it is, the way I get cash into Panama due to banks not liking me is pretty much what they are fighting. I send BTC to a guy, he gives me cash. There's a whole underground system growing around this due to Panama's lack of support for Bitcoin. Such that it will likely be much more convenient to not touch banks in Panama. The 70% unbanked in Panama are about to be wealthy Bitcoin holders due to banks being scared of dealing with Bitcoin users.


And I always have to throw out my big theory about Panama banks. The banks don't care about having customers since they're just big fronts for money laundering operations by the bank owners. They make it very difficult to get an account and they close your account for no reason at any time. With no customer service.

It's smart, if it weren't for Bitcoin we may have pursued opening a bank just to fund Ocean Builders since we have millions of dollars in Singapore and the US that we can't get into Panama.

[ChartBuddy]

Explanation

[philipma1957]

Explanation

So this is the last chart buddy to be under 35 k

and for those that want to clock proud 10 day 35 k prediction


the chart buddy goes back to may 20 hour by hour.

https://bitcointalk.org/index.php?action=profile;u=110685;sa=showPosts

this is the best way to look at chart buddy

ignore it here but check the profile post listing for it.

[El duderino_]

https://twitter.com/littleprinceJD/status/1406224760141406212?s=20

little reminder....

Btw can someone make he meme and post it here ?? 

[Toxic2040]

On the idea that Bitcoin may be adopted in Panama...

The only current use of Bitcoin in Panama is the very expensive Bitcoin ATMs that charge about 10% both ways. All other usage is through a small community of us, mainly Ocean Builders selling to a wide swath of people that want to buy bitcoin for cash (since we can't get a bank account...supposedly due to my involvement).

The one congressman that proposed a Bitcoin law is in the opposing minority party who may just be doing it for political points or as a jab at the administration.

They tried to pass a "Crypto" law at one point, when the minister that was proposing the law finally talked to local Bitcoin users they were all up in arms because the law was shit. The law was fairly standard/cut and paste from other country's laws with no real innovation until the last few paragraphs where it talked about taking 5% of every "international transaction" and giving that money to the elderly. When the minister had a phone conference with local crypto users they kept asking questions about details in the law and after a while the minister had to end the call as it became obvious that he had not read the thing himself.

Had this congressman wanted to talk to the local crypto community I would know about it. And he hasn't.

When we called the cruise ship we purchased the "Satoshi" our government contact (assistant to the president) gave us a lot of push back telling us not to make anything public about it being a "Crypto cruise ship". For all Panama media and anything government facing I had to say the name Satoshi means "knowledge" in Japanese and that the focus of the cruise ship was for digital nomads and startups. We could not mention cryptocurrency.

The idea that they would change their stance from "don't talk about crypto" in December to "let's make Bitcoin legal tender" in June is impossible.

Their reasoning for being so scared of crypto is because of their reputation as a money laundering nation. They're trying to clean up that image and adding Bitcoin, which would make money laundering easier, does not do well for that image. They've been trying to suck up to the big boys internationally. They'll be sold to China before they adopt Bitcoin.

They have elections every 5 years and their last elections were 2 years ago. So the earliest we could see Bitcoin as a currency in Panama would be in at least 3 years when the current party is defeated. Maybe a young party like in El Salvador will take over.

please correct me if I am wrong sir but you are saying using bitcoin over fiat makes it easier to launder fiat? hmmmm
i respectfully disagree and i think chain analytics proves that point..for now
regardless i wish you nothing but the best Elwar for standing tall at the front lines

+1 WOsMerit

dirty Cash in a bag going to clean cash in a bank takes work.

a great way to do it is all you can eat buffets.

chinese buffet reastaurants where hot in usa from 1990 to 2005.

bitcoin can hold dirty btc in a wallet for a decade or more .

sure if ever can be  turned  into clean untraceable btc.

Whether true or not, that is the perception of the presidency. Certainly with the Lightning Network anonymity will be much easier.

As it is, the way I get cash into Panama due to banks not liking me is pretty much what they are fighting. I send BTC to a guy, he gives me cash. There's a whole underground system growing around this due to Panama's lack of support for Bitcoin. Such that it will likely be much more convenient to not touch banks in Panama. The 70% unbanked in Panama are about to be wealthy Bitcoin holders due to banks being scared of dealing with Bitcoin users.


And I always have to throw out my big theory about Panama banks. The banks don't care about having customers since they're just big fronts for money laundering operations by the bank owners. They make it very difficult to get an account and they close your account for no reason at any time. With no customer service.

It's smart, if it weren't for Bitcoin we may have pursued opening a bank just to fund Ocean Builders since we have millions of dollars in Singapore and the US that we can't get into Panama.

Its a pretty good theory. Be it drug cartels or shady corporations...banks launder orders of magnitude more fiat than bitcoin. Hence the drive for centralised digital dollars by naive politicians. Which in my opinion are just tools to monitor and control their unwashed masses. The irony of all this is nation states WILL require means to transfer 'dark money'. There is no way in hell 3 letter agencies or the MIC want or could stand up to open books on their expenditures. I mean it would be a good idea to have more oversight but I just dont see how its possible in the current climate of regime change wars that seem so prevalent in the 21st century.

[Paashaas]

The Dogecar has crashed during the race...

 
https://twitter.com/NASCARonNBC/status/1406349369276735489

[vapourminer]

The Dogecar has crashed during the race...


https://twitter.com/NASCARonNBC/status/1406349369276735489

the skid marks kinda look like an infinity sign sideways. so doge has a loooooon crash still to go.

[Toxic2040]

The Dogecar has crashed during the race...


https://twitter.com/NASCARonNBC/status/1406349369276735489

the skid marks kinda look like an infinity sign sideways. so doge has a loooooon crash still to go.

winners at the end of a race have the option to do some burnouts plus get out and climb the fence to wave at the crowd at the finish line

e.g. that is not the skid marks from the shiba crash

[Paashaas]

https://twitter.com/littleprinceJD/status/1406224760141406212?s=20

little reminder....

Btw can someone make he meme and post it here ?? 

Bitcoin now has roughly the same amount of users as the Internet had in 1997.

[vapourminer]

The Dogecar has crashed during the race...


https://twitter.com/NASCARonNBC/status/1406349369276735489

the skid marks kinda look like an infinity sign sideways. so doge has a loooooon crash still to go.

winners at the end of a race have the option to do some burnouts plus get out and climb the fence to wave at the crowd at the finish line

e.g. that is not the skid marks from the shiba crash

makes sense as i couldnt really figure it out. i was wondering if he just lit them up to try and spin it around to get back in the race. cuz thats what i would do even with a wrecked front end lol

gonna have to watch the video.

[ChartBuddy]

Explanation

[fillippone]

looks like more sideways now. rally is delayed because it seems they don't want to have the corn to expensive to still fill their pockets at least until end of August.

By the end of this month we shall see +45K at least. There are huge huge shorts that need to be closed within next 10 days. Proudrekt will be rekt. Again.

Will be watching it...

Rooting for it as usual... Cheers

Rooting for this, of course, and more….
Maybe I can still win El_Duderino game!
Proudhon, don’t worry,  I will win our bet too!

[OutOfMemory]

The Dogecar has crashed during the race...


https://twitter.com/NASCARonNBC/status/1406349369276735489

the skid marks kinda look like an infinity sign sideways. so doge has a loooooon crash still to go.

I once had a 5.1 set made by Infinity.

[Wekkel]

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I get an error in all of my 3 LN wallets when trying to paste this address (invalid character?).