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

[Richy_T]

Still doesn't make sense tho. The time to have done this to kill off Bitcoin successfully and easily was 8 years ago.

Well, we're talking government here so sense doesn't have to be a thing.

However, it could be that China didn't want to tip their hand until they were ready with their own new currency. In the meantime, bitcoin mining was bringing quite a lot of wealth into the Chinese economy and was also having psychological effects against established world currencies, particularly the dollar.

IMHO, I think China plans to keep mining around. Big miners will either cut deals to pay the extortion bribes, or move to better locations. Most of them will likely pay to stay.

Governments don't like to run public servers and deal with such maintenance and overhead. They know they suck at it.

Look for a reverse FUD announcement in the future like "China to allow miners who adhere to new renewable energy policy restrictions to resume Bitcoin mining."  

Perhaps Chinacoin is SHA256 too. Just switch over a bunch of hashrate and have instant high security that would put any alt to shame. It would be very centralized, of course but if it's feasible, so was Bitcoin really.

This is all just speculation, of course. I don't really believe this to be the case.

[Richy_T]

Thinking about mitigation of a "51% attack" if it was in the works. We could always DDOS the fuckers into orbit, and developers could black list them in Bitcoin client software patching them out, or a hard fork (as a last resort). There are lot of skilled people out there who wants to see Bitcoin succeed, pretty sure we can deal with this shit if it ever happened.

There are several options available but many of them destroy the precepts of Bitcoin. It will be interesting to see how things pan out (as always).

[ChartBuddy]

Explanation

[Hueristic]

This news shocked me that China has administered more than 1 billion Covid-19 vaccines.

This seems off topic but it's not... China is always 10 steps ahead of the world in every field, pick any and we see China is leading in it.

Industrial espionage, Human rights violations?

[Paashaas]

Central bank digital currencies get full BIS backing.

The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure 'Big Tech' does not take control of money.

[Torque]

Central bank digital currencies get full BIS backing.

The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure 'Big Tech' does not take control of money.

OMG what a load of horseshit that reason. The gaslighting is off the charts.

[LoyceV]

Crypto is death comments starting to Pop up everywhere. This time for real?  

(source)

I take out all my cryptos from exchanges now. Will not sell anything.

I spent too much money on Doge (while sleeping) I had sold some, bought back, sold again, and turned a profit in euro. I set buy backs orders all the way back to a fraction of a cent, the higher ones triggered. So I now have more Doge than I started this adventure with, and still euros left. I'll see later whether or not buying back was a good call, but ending up with more than I started with doesn't feel like an absolute loss.
I kinda hope Doge will go all the way down, then I'll be ready 4 years from now when it hypes again.

Are you purposefully trying to irritate peeps here?  

No, not intentional It's just that I wouldn't dare do that with the real thing, Bitcoin is for HODLing (and the occasional payment), so I don't keep it on exchanges.

Selling now would be for the purpose of either manipulation or panic.

It always feels like I'm being pulled 2 ways:
1. They want me to sell when it drops!
2. They want me to get hope again when it goes up a bit!
So I do what I always do: I'm not buying, I'm not selling. Just making sure I can afford to pay my taxes next year

I suppose that is one way to deal with the situation, especially if you feel that you have accumulated enough BTC.

I wouldn't say "it's enough", but it also feels like there's not really a point buying dust amounts now.

I personally believe that one of the most guaranteed aspects of BTC is volatility, so if you can establish ways to deal with that volatility without getting bothered then it is all good.... One of the strictest ways are ongoing DCA buying and buying on dips.. one of the problems with the buying on dips portion is to sufficiently measure yourself so that you never run out of fiat.. sometimes easier said than done, especially during seemingly extreme dippening times.

DCA is only beneficial if the value is dropping, if it's going up a lump sum is better.

[ChartBuddy]

Explanation

[JayJuanGee]

 

... borderline genius-level work here

Now that's a hat I would wear irl

You would have to have real lights in the hat in order to get that kind of a glow for the laser eyes.

For those claiming bitcoin is dead this time (423th time this statement has been made) and panic sellers who have sold at price below $35k in the fear of market crash here is one illustration for them if they understand it clearly:

It has just taken a leap back like a lion to surge even high this time.So it's better for them who have invested at this dip to ride on profit boats coming ahead.

Fair enough.

Today's sling shot (even though backwards on the direction) remains more or less the same as yesterday's  "coiling."

So I bought dip and hodl.

Still have buys at

29029
28028
27027
26026
25025
24024
23023


and sells
at

65065
66066
67067
68068
69069
70070
75075


that is a small part of the coin

most is off line
in a cold wallet

For OPsec reasons usually it is not good to show your exact order prices (even amounts)...

I do like your spread of $35k, though..  makes me look like I have a spread for ants when I am only at about $6k or $7k for a spread..

In terms of the solidness of your plan (or even your spread for that matter), I would imagine if you are mining a variety of unmentionable shitcoins, but part of the point is that you are generating value that you want to convert into bitcoin, then you are likely going to be buying BTC (or at least setting up BTC buy orders) way more frequently than you have to sell any of those BTC ... so in that regard, there could be BTC price performance scenarios that cause you to end up being way too stacked up in terms of BTC relative to your various expenses (or maybe some new shed that you would like to build or expand) blah blah blah.. and then you end up bringing your BTC sell prices (and thus reducing your spread) for those kinds of reasons as well.

In other words, what I am trying to say is that your buy/sell orders, increments and spread is a snapshot in time, and surely sometimes circumstances remain quite manageable in order that you might not touch many of those buy/sell orders for months and months and months.  I recall some sell orders that I had set in something like early 2018 that stood pretty much until late 2020.. and even some more extreme cases of some sell orders that I had set in late 2017 that did not need to be touched until early 2021.... but kind of some exception circumstances with some of those.

For sure, each of us are likely to have a variety of factors that we are trying to balance that might cause us to engage in various tweakenings, and I still am working on a kind of cash (aka fiat) setting aside scenario that is requiring a decent amount of cash, and I still am not willing to share details of what I did, yet because I still think that I have ONLY drawn out a bit less than half of my intended draw out.. even though having already drawn out a decent quantity, I am surely way more comfortable than I would have been if I had not already achieved a certain amount of success that has allowed me to pretty much maintain the same practices of my system.. and hardly even notice too many ways that I have had to deviate from my already existing preferred system. 

Perhaps when I do my debriefing assessment of what happened, I might end up finding some holes in what I did or what I could have done better that will cause me to learn how to do such a thing better in the event that I end up in a similar situation in the future.  My ways of attempting.. as best as I can to practice what I preach.. while at the same time, maybe considering if there might be ways that I have to change what I preach a wee bit to conform with what I actually ended up doing in a real world attempt at application.

[ChartBuddy]

Explanation

[El duderino_]

"In 2001, we adopted dollars for the benefit of the banks. Today, we're adopting bitcoin for the benefit of the people" – President of El Salvador, @nayibbukele 🇸🇻

https://twitter.com/documentingbtc/status/1407761367721984003?s=21

[JayJuanGee]

Regarding hashrate and the protection of Bitcoin blockchain, I don't see any reason for concern, still ridiculously high level of protection even if you would move down towards 10% of current hashrate. If large scale mining operations gets hunted down and obliterated like old exchanges (starting to look that way) it will be more smaller scale operations working with lower difficulty instead (as Satoshi intended). If you really worry and want to support, then start mining small scale, without profit in mind.

My only real concern would be if this was a move by the Chinese government to obtain direct control of >50% of the hashrate with malicious intent. With the Chinese government, the latter us possible though hopefully the former is not.

Good point.  Gotta take those dweebs with a decently sized grain of salt..

including the various ESG discussions (not completely exactly related but happening at the same time) have been getting on my nerves more and more and more in recent times.. Fuck the Chinese (not that I dislike China generally speaking except this recent move in regards to bitcoin mining...) and fuck ESG.. not sure which one of the fucks should be proclaimed first or strongest?  hahahaha

The price is crazy flat. Constant seller pushing down or constant buyer pulling up?

Oh gawd richie...

You gotta zoom out.

Who cares if we might get stuck in some kind of $32k to $35k or whatever largely noise that you are proclaiming to be flat for a day or two or even a week or two.. does not really matter too much.

Zoom dee fuck out!!!!!!!! #nohomo.

 

We can't be showing up at 50k BTC looking like impoverished vagrants

That's what she said.

In my case, I am referring to my sister.  I think that she realizes that even with BTC prices dipping quite a bit, it is still 3x up from September, which is NOT anything to be claiming poverty... Anyhow when she was judgemental laughing at the holes in my shirt, I said that I have come to a moving party, so I thought that wearing less fashionable clothes might have been acceptable.. but she did not come to such a conclusion about appearance, and even felt some needs to elaborate on what "we" do.. even though she is a nocoiner who seems to have plenty of money.

[El duderino_]

https://twitter.com/tuurdemeester/status/1407375510762631169?s=21

Interesting thread as well…

"This account owner limits who can view their Tweets. Learn more"

Did Twitter change viewing options?? Something new tweets used to be public unless you're blocked individually.

Edit:
Nothing new its seems account itself is protected "These Tweets are protected", which means "Only approved followers can see @TuurDemeester’s Tweets."

[Toxic2040]

the noon wall report at 11:51am


#dyor




1h





4h

#stronghands

[ChartBuddy]

Explanation

[Paashaas]

Breaking news guy's.

John McAfee found dead in his prison cell, after Spanish court agreed to deport him back to the U.S.

R.I.P John.

[fillippone]

RIP John.




An overview of this peculiar life:
John McAfee sex drugs and anti virus software

He saw this coming:

Three years ago I predicted a war between governments and crypto. The FED now calls crypto a threat to economic stability and China is outlawing it.

The war is on and I am a major target.

Do not be afraid. Crypto is our last hope for financial independence.

https://twitter.com/officialmcafee/status/1396881405314048001?s=21

[LFC_Bitcoin]

Mcafee didn’t kill himself



RIP John

[BlackHatCoiner]

Rest in peace, father of antiviruses.

[ChartBuddy]

Explanation