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

[cAPSLOCK]

You can't make code changes to get keys for blocks, that wouldn't work. Also, as mentioned before, when it comes to client code patches we can always refuse to update, and a majority most likely would reject in this case, effectively ignoring any court decision.

That's what makes that lawsuit frivolous. Anyone can hard-fork bitcoin. CSW has already done it himself. He can fork bitcoin and send the coins to himself. I can't think of a single case where someone has sued to have a third-party do what the first-party could do.

It's all theater.  Very few would accept his fork in ANY circumstance, but more might if he can get legal pronouncements.  Also certainly governments have realized by now all they have to do is "believe him" and back "Bitcoin" to ultimately take control.  I honestly think he has also be shooting that angle as well.

[Hueristic]

..... that old Uncle Festus had hidden thousands of $$$ under his floor boards. Or that Grandpa Irving had an old savings account or safety deposit box ......

.....

...not to mention cousin Mel, Grandma Gertie and Auntie Grizelda.

I went to see them last year, I wouldn't recommend it.

[ChartBuddy]

Explanation

[Elwar]

China is working on their own shitcoin.

They needed to get rid of Bitcoin from their country before they could begin on their shitcoin.

They may even be hoping to do a copy of Bitcoin and release it globally akin to how they take normal decent products and think they can just replicate it and sell it themselves for every other product in the world.

If they're smart, they shut down the Bitcoin miners and they confiscate them to be used as their new shitcoin miners.

[Richy_T]

I agree that there might have been other option besides defaulting in this case. I think a competent barrister could have argued for a sealed proceeding on the grounds of possible bodily harm or some other form of retaliation being made upon the defendant if his identity had been revealed to the general public. I also think that if there were financial considerations that kept this case from being defended properly that the Bitcoin community would have rallied in support. I also agree that the disparity between the haves and have nots in most judicial systems is a heinous thing. I think Elon Musk is more clever than most give credit for, it could just be he was tweaking the nose of the SEC and exercising his right to free speech. I do not care for his obsession with dogecoin even though it is a interesting community with tremendous support. I remain unconvinced of its long term store of value properties and usefulness. There is only one person who really knows the motive and I don't believe the man has time or the inclination to explain to us mere mortal's.

It's worth noting that the scumbag likes to pick his jurisdictions based on which is most likely to give him the more favorable outcome. Notably, he has gamed the UK's libel laws in previous actions. This is clearly an action that should have occurred in the US given that .orgs are technically US and bitcoin.org is on a server based in the US but malarkey as ever...

[sirazimuth]

..... that old Uncle Festus had hidden thousands of $$$ under his floor boards. Or that Grandpa Irving had an old savings account or safety deposit box ......

.....

...not to mention cousin Mel, Grandma Gertie and Auntie Grizelda.

I went to see them last year, I wouldn't recommend it.

Thanx for the pro tip bro.
Fun fact... The first LP I ever owned was "The Monkees" (just after it was released in 1966)
A 9th birthday gift from Auntie. I was all bummed out because it didn't have the track "I'm a Believer" on it.
So shortly thereafter, I saved up my pocket money and bought their 2nd album "More of The Monkees" (which did include that track)
My older brother gave me no end of shit because he was a Beatles fanboy (he'd just bought "Revolver")
and thought the Monkees were shite. Apparently, he was cool, I wasn't.

GO BITCOIN




 

[TheJuice]

Just dropping by to say cheers. Get ready for the run up in the next 6 months to close the year!

[xhomerx10]

So what did you put in the search engine bro?  just curious.....

... +"llamas mating image"


https://www.youtube.com/watch?v=IVwnAyw6m0Y

 I had always imagined that every OG bitcoiner had their own Alpaca ranch.  Disappointed!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

The small pumps hitting the market again and now the old investors again turning to btc but.The difference between panic sellers and holders is like this :

They just ignore the market up and down which always work for them but the others just see what is total distraction from your goals.So concentrate on what you have without your eyes always glued on market dips and red graphs.

[ChartBuddy]

Explanation

[STT]

China is working on their own shitcoin.

They needed to get rid of Bitcoin from their country before they could begin on their shitcoin.

China or the central committee besieging the Chinese people views the world down the barrel of a gun, they want to force something through and benefit from that change rather then the free roaming influence Bitcoin has had upon China.  People dont benefit from capital controls the central government does and BTC has helped the people so government wishes to redress that balance back in their favor once again.  
  China has been the world largest net buyer of gold and also producer for over a decade now as they displaced South Africa's geological advantage through sheer size, they dont like to announce real figures as it likely spikes the price as always they wish to manipulate this market as both producer and buyer.   They have massive plans unannounced to move away from the dollar system which they now partially support.   Whatever they are doing with digital currency will be massive because of their size, its not the first time and China was allowed by the IMF to join the SDR system from prior plans and concerns over modern alternatives to Bretton woods.  I dont think the fundamentals are there for success but they may not matter to the government so long as they benefit personally.
  Saw an article about this 'threat' it is some cause for concern no doubt https://www.marketwatch.com/story/feds-quarles-says-digital-dollar-could-pose-considerable-risks-to-financial-system-11624903576?mod=mw_latestnews&mod=article_inline


I'll bullish on BTC chart now as I think its forming some trend up, its just challenged 2 day average but on daily bars medium term I think its done far better recently.  Most critical is resolving present weakness above 34.3k on 4hr bars which keep it on trend despite some pullback in price.  Overall its still range bound in this area, not exciting or a fast mover either way.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[xhomerx10]

Missed it by that much!

[alevlaslo]

I look at all good coins, if at least one of them has fallen to the bottom of the price, therefore the entire market will not fall lower from this time

[ChartBuddy]

Explanation

[Arriemoller]

https://www.youtube.com/watch?v=nJeddv1QbeQ

@proudhun

The poetry is nice. So is Jobberwocky, but I don't believe in the existence of jabberwocks or vorpal swords, and neither do I believe any majestic bull run is forthcoming.

Yes you do, your song even ends with bitcoin going to 1 mill

[Phil_S]

https://twitter.com/ChartsBtc/status/1410026778127605761

CAGR = compound annual growth rate.