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

[ivomm]

The last day or so is just noise. The calamitous downtrend remains perfectly intact.

We get it. Each time your shorts got liquidated, you cry here.



In the meantime Bitcoin has recovered from the yestarday's FUD. We are back on track for a second leg of this year bull run!

[El duderino_]

This is how you diversify your portfolio with gaining knowledge of the crypto market and that's one of the best thing you can do to yourself.



Long term holders and who knows how Bitcoin is changing the digital form of payment and will be mainstream prefer this diversification 

^ Funny thing is you don't have to do anything to end up at the picture on the right.

Amazing meme

Merited wrong but I know it’s in good hands with bitebits

[ivomm]

This is quite surprising! I would never have expected this of Jay Clayton. Now the odds that an ETF would be approved have dramatically increased. Together with a possible Grayscale ETF and several others.

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SEC: One River’s “carbon-neutral” Bitcoin ETF submitted
One River holds more than $600 million in BTC and is backed by billionaire Alan Howard.
Most interestingly, however, its advisors include Jay Clayton, the former chairman of the Security and Exchange Commission when the agency refused to approve all applications received regarding the issuance of bitcoin ETFs.
Thus Clayton now actually supports the issuance of a bitcoin ETF after having denied it for years when he was head of the SEC.
After all, since he left the agency last year, he went to take up the very position of cryptocurrency advisor for this hedge fund.
They will use Moss Earth to purchase MCO2 tokens, which represent “certified reductions in greenhouse gas emissions”
https://twitter.com/JayCIayton/status/1419996310950842383
https://en.cryptonomist.ch/2021/07/26/sec-one-rivers-carbon-neutral-bitcoin-etf-submitted/

[ChartBuddy]

Explanation

[Torque]

And if someone thinks the integration of Bitcoin is a nothing burger, think this. When someone wants to buy with credit cards some items, there are numerous limitations by the card issuers. There is a day limit, a week limit, a monthly limit, and other obstacles which prevent the users from buying more items. Imagine the hassle of someone buying goods for $10K+ going to many banks, transferring money to multiple cards with limits like $2-3K and so on. I personally, would have bought 10x more items on amazon if I had the option to use bitcoin. When I had to buy for a short time many gpus, I used 2 credit cards. It seemed transactions were made, but then I received a message they were denied. Some limits activated and I couldn't unblock the cards for weeks. Finally, I had to make calls to my card issuer, explain the situation, call amazon support, until the items were canceled and the money refunded. And this happens all the time with new variations like the laughable 3d secure thing.

I can sympathize with all the hassles you list of using fiat/credit to purchase things. But until I, and all other Americans, can purchase bitcoin with 0% fees, and can make purchases to any merchant without triggering a taxable event, then having integration of Bitcoin into online merchants does absolutely nothing for us. Period. Using fiat is not only easier, but logically is preferred.

I still don't understand why bitcoiners don't get this. Even normies and nocoiners get it.

[d_eddie]

I always liked ramen anyway.

[philipma1957]

And if someone thinks the integration of Bitcoin is a nothing burger, think this. When someone wants to buy with credit cards some items, there are numerous limitations by the card issuers. There is a day limit, a week limit, a monthly limit, and other obstacles which prevent the users from buying more items. Imagine the hassle of someone buying goods for $10K+ going to many banks, transferring money to multiple cards with limits like $2-3K and so on. I personally, would have bought 10x more items on amazon if I had the option to use bitcoin. When I had to buy for a short time many gpus, I used 2 credit cards. It seemed transactions were made, but then I received a message they were denied. Some limits activated and I couldn't unblock the cards for weeks. Finally, I had to make calls to my card issuer, explain the situation, call amazon support, until the items were canceled and the money refunded. And this happens all the time with new variations like the laughable 3d secure thing.

I can sympathize with all the hassles you list of using fiat/credit to purchase things. But until I, and all other Americans, can purchase bitcoin with 0% fees, and can make purchases to any merchant without triggering a taxable event, then having integration of Bitcoin into online merchants does absolutely nothing for us. Period. Using fiat is not only easier, but logically is preferred.

I still don't understand why bitcoiners don't get this.

I feel they will be forced to make a low level limit that is not tax reportable.

If you go to a racetrack in the USA and bet 2 dollars on a triple it hits and pays $600 or more reportable you can not cash the ticket without id.

But if you hit the triple for 599 no id required.

I think LN under 500 usd value  in a day may end up not reportable.  Of course I would not expect to see this in at least 4 years or 5 years time. Sometime after the 2024 election.

[Tuco Benedicto Pacifico]

Just in case...

https://www.adl.org/news/press-releases/paypal-partners-with-adl-to-fight-extremism-and-protect-marginalized

https://www.reuters.com/technology/exclusive-facebook-tech-giants-target-manifestos-militias-database-2021-07-26/

The good people...sry...The Good People of Big Tech have joined forces to really, really protect the innocent from extremism and hate. Finally! If you are deemed an extremist, - after careful, responsible and fully transparent non-biased due dilligence - you MIGHT get in trouble with heroes like PayPal, FB, MS, Reddit, Alphabet, AirBNB and Twitter (among others).  With all of them all at once, that is (thanks to a shared database).

I am posting this here because of the "Hate on Display(TM) Hate Symboly Database" that the Anti Defamation League has published on its website.

https://www.adl.org/hate-symbols 

In there, you will find....drumroll... the WO-handsign, incorrectly referred to as "Okay Hand Gesture". Thankfully, everyone in here who has posted this gesture in the past will be totally unaffected, thanks to the very strict quality control measures guiding the decision making process our overlo....friends apply.

Just in case...

[ChartBuddy]

Explanation

[UnDerDoG81]

Just in case...

https://www.adl.org/news/press-releases/paypal-partners-with-adl-to-fight-extremism-and-protect-marginalized

https://www.reuters.com/technology/exclusive-facebook-tech-giants-target-manifestos-militias-database-2021-07-26/

The good people...sry...The Good People of Big Tech have joined forces to really, really protect the innocent from extremism and hate. Finally! If you are deemed an extremist, - after careful, responsible and fully transparent non-biased due dilligence - you MIGHT get in trouble with heroes like PayPal, FB, MS, Reddit, Alphabet, AirBNB and Twitter (among others).  With all of them all at once, that is (thanks to a shared database).

I am posting this here because of the "Hate on Display(TM) Hate Symboly Database" that the Anti Defamation League has published on its website.

https://www.adl.org/hate-symbols  

In there, you will find....drumroll... the WO-handsign, incorrectly referred to as "Okay Hand Gesture". Thankfully, everyone in here who has posted this gesture in the past will be totally unaffected, thanks to the very strict quality control measures guiding the decision making process our overlo....friends apply.

Just in case...

Wait until they implement the digital passport to access the internet, attached to a social scoring system. If you aint agree with them and their vision, good night.

Anti-Antifa” images are white supremacist symbols and memes directed against antifa activists. Antifa (short for “anti-fascist”) are left-wing and anarchist activists who focus on directly confronting white supremacists.

And this is the most funny out of your link. Antifa is their privat army for destruction and chaos in inland.

[fr4nkthetank]

Gary Gensler is heading the SEC
https://www.sec.gov/biography/gary-gensler

Hes smart.  You can go do the MIT/sloan class Blockchain and money (https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/), he was the teacher.  I found it pretty interesting, did not agree with all things and had to fast forward a few times (the class is made so people participate and give their opinions so yeah).  But cant get a better SEC Chairman than him.  We will see bitcoin ETFs.  In Canada there are already a couple.

[ChartBuddy]

Explanation

[oHnK]

hahahaha

You opportunist...    

I will agree with you, that there is a need for BTC prices to stay above $35k for several more days.. more than a week longer in order to show another example once again how uie poo-ie, aka the wannabe sorcerer who happens to be a diptwat, happens to be wrong yet another time - even though you had been right for a decent amount of time (was it two months so far?) and hardly can even credit you with that level of happening to be right either.. because you don't know shit.. you just happen to throw out some nonsense, and every once in a while you happen to be correct. takes a lot of talent for those kinds of maths and sciences, no?

As far as I know that BTC price movements are based on fundamental issues such as countries that legalize or not, regulations on BTC, networking and mining, and many other things.  Regarding yesterday's conversation between EM, Jack, and Cattie, ​​the next day the falling BTC price slowly started to rise, I suspect it was just the effect of their online meeting yesterday.  Have I misjudged the basis of this price movement?

[cygan]

https://twitter.com/spinte8/status/1419972212896014357

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[El duderino_]

[ChartBuddy]

Explanation

[cAPSLOCK]

Explanation

Price action is looking interesting.  I think we are still seeing an uptick of activity/volume, and the price is biased towards rising, for sure.  The bart caused by rumor/fakenews was way more exiting going up and resisted the downside.

I still also feel optimistic about this earning season.  Maybe this is not the one... but even if we just see 2 big players announce they are even dipping their toe in some BTC reserves that would be significant.  I think 2 is a good number... we had that first crazy dude dancing as Microstrategy and then Tesla got up, and second guessed, and got up again...

It would be nice for 2 or 3 or 5 others run up now, and maybe Elon will not keep pulling his pants down. And even if he keeps doing it people will be less interested.

[ChartBuddy]

Explanation