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

[JimboToronto]

Buddy, pour me a drink.

Please.

[ChartBuddy]

Explanation

[xhomerx10]

...........................

 Why isn't the Chinese vaccine approved for use in the US or the EU when the WHO has approved it?  Why haven't we entertained the Russian version of the vaccine which was the first-to-market and apparently very effective?  Why is the Russian vaccine still not approved for use in the EU, the USA or even by the WHO?  Is this not a global crisis?!  Are we actually following science or are we following politics here?  Even though my own government has decided not to go with the first available vaccine, they tell me that "The best vaccine to take is the one in your arm".  They also didn't follow the recommended dosage - they got 6 doses from each vial rather than the recommended 5 doses, then rather than waiting just 3 weeks between doses, they extended it to 16 weeks before the second shot to get more first doses into people until later when more vaccines arrived, they hastened the schedule but oh wait!  The safe and effective AstraZeneca vaccine is causing blood clotting issues and deaths!  They stopped using it altogether and then since the new shipments of the only two possibilities for approved vaccines left didn't match the number of first shots, they said we could get whichever vaccine we wanted for our second dose. 

to be approved in US or EU, a drug or therapeutic agent has to apply to FDA or EMEA respectively, deposited by the firm or institution ready to commercialize it.
these agencies can separately approve or not, a full dossier after study.

Have the full dossiers of these vaccines been deposited (sinopharm pekin, sinopharm wuhan, sinovac, etc) ? by whom ?
if yes, have they been refused ?
I don't know the response, do you ?

more generally, the results of these vaccines is not well known, or not fully published.
this is a subject of general interest, elements of response will be welcomed.

What are you talking about?  These are not normal times.  My house is on fire and you've got an available extinguisher, can I please use it? 
Operation Warp Speed in the USA was a public-private partnership and vaccine producers were sought by the government.  It was funded with USD$10 billion the bulk of which was in the form of purchase contracts based on a lick and a promise of future vaccines!  The EU ,which cobbled together $8 billion to fund covid19 vaccine research (even Madonna contributed to it!), has already said it would not sign contracts for a Russian vaccine - you know damn well they did that for every western pharmaceutical company BEFORE any dossiers were submitted.  India approved the Covaxin for use before the trials had even been completed.  They funded and facilitated the production of these vaccines at every step along the way and you ask me if "the full dossiers of these vaccines have been deposited"?

OK there are politics.
however your question was:
Why isn't the Chinese vaccine approved for use in the US or the EU when the WHO has approved it?

so i may confirm that in this case also the normal processus has been followed for use.
this does not exclude political supplemental schemes or decisions on a national basis.
laws are made to be bypassed by the persons who determine them.
FDA and EMEA are scientific institutions.
sorry..
 

 Okay but those were rhetorical questions I didn't expect anyone to answer.  We need vaccines, there are WHO approved vaccines, as a member country we can justify an EUA and make inquiries on purchases.  That wasn't done for my country and no doubt most other western countries although there were EU countries reaching out to Russia and hoping for an EMA EUA.
 
 You're almost correct on your second point.  The EMA and the FDA are not scientific institutions, they are government institutions which employ scientist but the management of both agencies are far too close to the very industries they are bound to regulate and both function as revolving doors moving members from the regulated bodies to regulator positions and back again (usually at a higher pay grade).  The EMA was formed with input and funding from big Pharma!

 Not sure what you were sorry about.

[ChartBuddy]

Explanation

[Toxic2040]

end of the month wall report

#dyor

batman chase squirrel..squirrel gets away from him
look out! the bastard is loose
4h


breaking into the clear with few s/r zone markers behind to offer guidance...moar up and sideways up then down and sideways seems preferable
D


puffy..with a big bite taken out on the weekly

resistance at $44.5k

well..between here and there

anyway deep support continues to rest at $37.5k with local support showing at $41.5k

another fine Saturday

weekly close coming tomorrow and the late monday following

might see an active week ahead of us
W



July 2021 closed out with a $42.4k+ high and a low of $29.3k.....a 44.77% swing to finish out the month with a roar.
$160k+ by December 31st, 2024?
possible
M

#stronghands

[ChartBuddy]

Explanation

[marcus_of_augustus]

... it's good with all statists and other lefty idiots gone

... just me and buddy watching the bull in peace

[ChartBuddy]

Explanation

[suchmoon]

42 again, well done buddy (some positive reinforcement to balance out everyone blaming and yelling at you).

[Richy_T]

Explanation

Looks like it might be an interesting night.

[cAPSLOCK]

Shut up ChartBuddy, George Soros never said that; besides who said you had to take his opinion as fact. Nobody's holding a gun to your head, believe what you want to believe. It's a free country despite what statists like you have to say.

Is the one you call "ChartBuddy" here in the room with us now?

[Victorycoin]

Recent candle


Currently, the market is going up a lot  We hope that the market will cross $75000 teams in a very short time.

[ChartBuddy]

Explanation

[JayJuanGee]

Is this ONLY pertaining to allowing bitcoin or is it a broader policy allowing shitcoins, too?

Maybe a link would be helpful to attempt to suss out some details, if there are some details available.

Are there even any pure Bitcoin exchanges? It would seem that this would include other coins by default.

I am thinking similarly.. sure there are some exchanges, services, podcasts, threads on the web that try to stay almost completely bitcoin, yet I still would not have minded to see a link about that particular topic to see how the matter is phrased... I suppose that I could google search the google story and I might be able to find the reference, perhaps?  perhaps?

imges

Soon ya will witness the Picture. And the loss will be in Trillions

Edit:

Sorry Arrie, i broke the Order of being Quiet  

Another Edit...

Arrie is the type of a Guy id take orders from so respect the lad  

Last I looked BTC is not worth trillions.

In fact the entire crypto market is worth :

"The global crypto market cap is $1.64T, a 1.87% increase over the last day.Read more"  a quote from coinmarket cap. ( I apoligize JJG but need to use all coins to make this point)

So I guess  Stocks ,precious metals,  real estate and or cash are getting crushed soon. All losing trillions against BTC value.

I agree with your overall point philip, and really eXPHorizon is being ambiguous as fuck regarding what s/he/it means exactly. 

The evidence is quite strong that we are likely in the midst of the largest transfer of wealth in mankind, and there are going to be losses and gains, while at that same time the framework need not be considered as a zero sum game - but many of us can appreciate that value is flowing into bitcoin and going to continue to flow into bitcoin, even it if takes a decently long time to play out... so some industries are going to lose trillions if they do not figure out ways to either preserve some of their value or likely a decent remedy will be getting a decent stake into bitcoin.

Part of the value of so many of us being so damned early to bitcoin is that we can recognize and appreciate the transfer of wealth dynamics and to figure out that some if not a decently large amount of our wealth should prudently be in bitcoin.  Sure, I don't mean to be a bitcoin snob or anything like that because just getting off of zero and then getting a fairly assertive stake in bitcoin should be helpful, even if some people are likely still a bit gun shy about the whole matter.

Furthermore, we cannot really put a lot of trust in whatever the fuck eXPHorizon might be saying because he is a no coiner who is begging for BTC, but still fails/refuses to take some meaningful investing into bitcoin measures, even if he might ONLY be able to afford $10 per week or less.  He's not doing it, but he is continuing to be involved in threads like this and probably really does not have any good intentions, even if begging could be categorized as a potentially possible good intention?

$160k+ by December 31st, 2024?
possible
 

Seems a wee bit bearish and conservative, but whatevers... still in the positive direction.. to get another 4x+-ish in 3.5 years...

Way better than 6% price appreciation per year.. for example.

42 again, well done buddy (some positive reinforcement to balance out everyone blaming and yelling at you).

Sucking up to buddy, is unbecoming..

#justsaying

[ChartBuddy]

Explanation

[Arriemoller]

Unfortunately, their guaranteed predictions never come true, so the next narrative is always ready to be released once defending the previous version of The Truth^TM has become untenable. That's why all the Independent Thinkers^TM switch narratives at the same time - they're ultimately getting them from just a few sources.

At first we were all going to die from the vax - the narrative just fit too well with the classic "depopulation agenda". Once that didn't materialize, they tried the "be afraid of side effects" route. That one wasn't working too well, since it's too easy to realize that side effects (even excluding death) from COVID are orders of magnitude more likely & more severe than from any of the vax.

Now we shifted to "we will die from the vax later" and "infertility" - narratives which are sufficiently long term that they can be milked for a while before they have to be replaced due to actual reality disproving them.

This is the perfect example of what I like to call the "Invisible Dragon" argument. It goes like this:

I have an invisible dragon sitting next to me.
Prove it does not exist.

Any argument made will result in a simple explanation that expands the powers of the invisible dragon. It doesn't displace air because it has no mass. You can't touch it because matter bends around it. And so forth and so on. The root of the problem is the person making the assertion is demanding that other people *disprove* the assertion when the responsibility for proving the assertion is that of the asserter.

The only way to handle this argument is to walk away.

Same thing here: The virus will kill people in a month by the millions. Then a year. Then 10 years. Then "infertility". Always things that can't be tested, can't be proven, and when they do fail you just slip in another argument.

It's a lot like the Millerites in the 1830's. This nutcase bunch attracted thousands by saying the world would end in 1843. When that didn't happen a "mistake" was found and it was 1844. Then it became "soon" and the sect split into the 7th day Adventists (nutcakes) and Jehovah's Witnesses. And they roll along to this day, saying the end of the world will be "soon". After all, try to prove the world "won't" end next week.....

Annoying that people still fall for this crap.

 Did you mean "The vaccine"?

 Never mind all the hyperbole, we were blind-sided by a pandemic (regardless of its origins) and we in the West were pushed towards an new, experimental type of vaccine (which has killed people and likely has unknown, long-term, side-effects) rather than the tried and tested vaccines of our parents (inactivated or live attenuated, whole-virus vaccines which also come in nasal spray format now!) which they pursued in China against covid19.

 People voice their concerns and they have plenty of time to do it since they're locked down in their homes, the media amplifies the most outrageous examples and then anyone with a dissenting opinion gets categorized with the crazies.  This is a tried-and-true method of quelling dissent.

 Why isn't the Chinese vaccine approved for use in the US or the EU when the WHO has approved it?  Why haven't we entertained the Russian version of the vaccine which was the first-to-market and apparently very effective?  Why is the Russian vaccine still not approved for use in the EU, the USA or even by the WHO?  Is this not a global crisis?!  Are we actually following science or are we following politics here?  Even though my own government has decided not to go with the first available vaccine, they tell me that "The best vaccine to take is the one in your arm".  They also didn't follow the recommended dosage - they got 6 doses from each vial rather than the recommended 5 doses, then rather than waiting just 3 weeks between doses, they extended it to 16 weeks before the second shot to get more first doses into people until later when more vaccines arrived, they hastened the schedule but oh wait!  The safe and effective AstraZeneca vaccine is causing blood clotting issues and deaths!  They stopped using it altogether and then since the new shipments of the only two possibilities for approved vaccines left didn't match the number of first shots, they said we could get whichever vaccine we wanted for our second dose.  

 Excuse me, I would like to know if waiting this long between doses and mixing them affects the immunity offered by the vaccine?

 Shut the fuck up you unbelievable lunatic we're following the science!  Don't you know the Delta variant is coming to kill you and everyone you love?  Put your fuckin' mask on and get back in your house before we shoot you.  Fuckin' loser!  Jesus.

 If people could choose between mRNA and a traditional vaccine - maybe even the nasal spray, there would be a lot less noise.

The EU approving a vaccine just means that it is automatically approved for all EU countries, NOT that non approved vaccines are banned. Every country within the EU can approve any vaccine they want, and they have. I believe that it was Hungary that used the Russian vaccine for example.
Just to clear that up.

Edit: yes, from Jan 21. https://www.bbc.com/news/world-europe-55747623

[Arriemoller]

Now that we've proven Godwin's law....in real news, bitcoin's looking as bullish as a bovine with two dicks.

Yeah, I’m not vaccinated, I have huge doubts about the severity of covid & what the real agenda might be but FFS, can we leave that shit out of the WO.

So about bitcoin, $45,000 next week, maybe?

Sorry.

[aysg76]

You only need to hold btc or stack sats and make yourself more strong and others don't stand any odds to win against it.

[ivomm]

The current situation reminds me so much of the spring of 2017. Then the leading exchange Bitfinex had problems with the banks and the fiat withdrawals were suspended for 3 months. The users converted usdt to BTC and reversed the trend from negative to positive. Because of that they didn't convert back to fiat and the price went from below 1K up to nearly 3K. Now the leading exchange Binance has similar issues, although withdrawals are not banned. But nontheless the users prefer to convert usdt to BTC and leave the exchange because of the coming derivate suspension and because of the fiat limits/fees and difficulties related to usdt wallets. And since the trend has changed, they won't convet back to usd or usdt on other exchanges immediately. This may turn to be a major boost for this bull run, since it is not caused only by the whales but from millions of users around the world.

Another factor for the current bull run is that many peeps  sold at  30K with the intention to buy at 20K and even lower. Now they see this plan didn't work so they have no choice but to buy higher.

And of course the mass adoption explosion is also an important factor. The number of BTC users has doubled in the last 6 months, adding 2 mil per day new users. According to 2 surveys I've read, the percentage of users has increased from 1% to 2% worldwide only in the last 6 months. The previous doubling needed 10 months. And we are still far far away from the real mass adoption above 80%, which will happen in the coming years. The same exact numbers apply for the institution adoption. So, as good the current situation might be, we can expect much higher prices in the next 5-10 years. The only problem which can delay this increase with up to one cycle is the large scale derivate manipulation, which we've seen in 2018-2020 and the last 2 months. Wall Street shorting companies are certainly the biggest enemy of any asset. But they can't handle the BTC 24/7/365 trading and the limited supply. So at some point their shorts will be liquidated no matter how hard they dump on the spot market. The price tends to return to the fair levels corresponding to the mass adoption with bull cycles which blow away the shorters. We see how fast the options to get BTCs are miltiplying. This leads to an increasing rate, so I would expect reaching the 80% level much sooner than we think. And if the current fair price should be around 50K-100K, then it should be 40x higher - 2-4mil. Of course, this is just an opium, there will be many FUDs and bans along the way. But still it is good to be prepared somehow if we know in general what is going to happen sometime in the near future.

Edit. This prediction corresponds to PlanB, which as far as I know is based mainly on the adoption levels.

#bitcoin July closing price $41,490 ... it bounced from the lows, like clockwork

https://twitter.com/100trillionUSD/status/1421725631365238785

[ChartBuddy]

Explanation