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

[somac.]

The ccp in general is fucking things up.

https://www.bbc.com/news/business-57549542

This is a big storm, effectively stops any Chinese citizen from having anything to do with BTC at all. So having said that, if the drop we just saw is all they can muster from such a big ban the Chinese FUD is almost finished.

Either the market is becoming desensitized or there are very few remaining Chinese who will sell their coins. From this point on all Chinese BTC activity now goes underground or ceases to exsist. The CCP are really fucking themselves over with this one.

China about to go full North Korea?

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[serveria.com]

Prepair for total doom.

One major sell-off shaking out the weakest hands on Earth.

Source? SOMA I suppose?

[Paashaas]

Prepair for total doom.

One major sell-off shaking out the weakest hands on Earth.

I'm watching, and sure, current rate sucks, but look at the resistance around 30k, that's bullish to me.

Hope i'm wrong. Potential bottom touched serval times now but if it beaks...



Diamond Hands will prevail.

[greensheep]

North Korea is a CCP's vassal state, but it's doing bad economically compared with China.
But to me they are both sick in the same bed --> authoritarian regimes

The CCP doesn't give shit about human rights, nor international law, free speech etc and are becoming more and more assertive.
They just want to be in control of everything, hence BTC can't be controlled, so just ban it.
Democratic newspaper with free speech in  Hong Kong could endanger their power and bring out the truth, just ban it.

The silence of the west is demonstrating the shift in power and it's worrisome.

The ccp in general is fucking things up.

https://www.bbc.com/news/business-57549542

This is a big storm, effectively stops any Chinese citizen from having anything to do with BTC at all. So having said that, if the drop we just saw is all they can muster from such a big ban the Chinese FUD is almost finished.

Either the market is becoming desensitized or there are very few remaining Chinese who will sell their coins. From this point on all Chinese BTC activity now goes underground or ceases to exsist. The CCP are really fucking themselves over with this one.

China about to go full North Korea?

[modrobert]

At Binance, 15min view, within 6 hours there have been 4 volume dips with over 4k BTC (2 of them over 6k BTC), and Bitcoin refuses to sink. I'm not an experienced trader, but looks like serious resistance a bit over USDT 30k.

[somac.]

Prepair for total doom.

One major sell-off shaking out the weakest hands on Earth.

I'm watching, and sure, current rate sucks, but look at the resistance around 30k, that's bullish to me.

Hope i'm wrong. Potential bottom touched serval times now but if it beaks...

Diamond Hands will prevail.

I could be wrong, and it seems I am 80% of the time. But I believe that as the US wakes up they are going to buy this dip. They'll see the news for what is, fantastic news! Think about it, not only are we getting far less Chinese miners, we are also getting far less Chinese investors, this means CCP manipulation will have little to no effect in the future.

Bitcoin without China means a decrease in volatility, couple this with scarce supply and we are going to see far fewer corrections. Of course we'll have slower rises, but that is not a problem.

Also a majority of those levarged traders are my guess Chinese, so I expect to see far less leverage from here on. For anyone watching markets that the Chinese invest gamble in, you'll see massive booms followed by massives busts and then social issues following. When it comes to investing money, Chinese are the biggest dumbshits or all. At least historically they have been good savers but the new generation is shit at that now too.

Edit: should also add this does not bode well for shitcoins.

[somac.]

The silence of the west is demonstrating the shift in power and it's worrisome.

That silence is starting to change. Look at Australia, they couldn't suck enough CCP cock a few years ago and now they are doing a lot to piss the CCP off.

[ChartBuddy]

Explanation

[fillippone]

Micheal Saylor BTFD!


https://twitter.com/michael_saylor/status/1406946140344442882?s=21

[Dakustaking76]

Micheal Saylor BTFD!


https://twitter.com/michael_saylor/status/1406946140344442882?s=21

Can he buy the dip again


Damn those chineeees

[hv_]

Micheal Saylor BTFD!


https://twitter.com/michael_saylor/status/1406946140344442882?s=21

Happy days

[Phil_S]

The CCP doesn't give shit about human rights, nor international law, free speech etc and are becoming more and more assertive.

Many countries fit this description. Including western 'democracies', Russia etc... Nobody gives a shit.

International tensions are so high, no one can afford to be 'nice' if they feel their basic survival is at stake.

Politicians all over the planet are overreacting and freaking out about everything.

[somac.]

mempool still filling

[UnDerDoG81]

I dont think 30k will hold. We need one more deep shake out. We were here before and the interest was not much. We need a price to convince the people with money to get in. I hope so much that I am wrong. But gut and experience wise I think 23-24k is a painful level where the market could turn. I dont think we see sub 20k ever again.

[lightfoot]

Isn't this actually great news? No more cheap coal-based mining in china means no flooding the market with their cheap BTC.

And now that bitcoin is suddenly "better for the environment" we can expect the usual notice from Musk saying Teslas for BTC.

[lightfoot]

China about to go full North Korea?

Pretty much: Remember that China can simply start executing citizens with Bitcoin, torturing them, declaring them "enemies of the state". If there is one thing China/NK has it's a lot of people, so an individual person doesn't mean much.

It's too bad, I'm sure China is about ready to introduce their own Govt backed shitcoin, but really who would want a coin backed by torture and human suffering?

But that's the way it goes. Hope China has fun staying poor.....

[modrobert]

China about to go full North Korea?

Pretty much: Remember that China can simply start executing citizens with Bitcoin, torturing them, declaring them "enemies of the state". If there is one thing China/NK has it's a lot of people, so an individual person doesn't mean much.

It's too bad, I'm sure China is about ready to introduce their own Govt backed shitcoin, but really who would want a coin backed by torture and human suffering?

But that's the way it goes. Hope China has fun staying poor.....

I agree about the trend but have a slightly less sinister view; people are useful labor for China, and forced labor cost nothing. So, it seems more likely the citizens caught with Bitcoin will start producing iPhones for Foxconn (or similar), joining the existing 500k workers in that one factory who work over 6 days per week, 12 hour shifts, and earn USD$20 on average per week. Last time I checked BOM cost, Apple adds roughly 400% markup on the iPhones produced when sold retail.

China is afraid of change, I think cryptocurrencies they have a no control over was bit too much for them to handle right now. As someone pointed out, big mistake, as Bitcoin moves "decentralized" away from exchanges instead, then they will have even less control.

[Torque]

Micheal Saylor BTFD!


https://twitter.com/michael_saylor/status/1406946140344442882?s=21

Something something buy when there is blood in the street something something

[ChartBuddy]

Explanation

[somac.]

Micheal Saylor BTFD!


https://twitter.com/michael_saylor/status/1406946140344442882?s=21

Something something buy when there is blood in the street something something

Would be nice if there were more like him.