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

[Richy_T]

While we are sitting here waiting for 100K I thought we could kill some time with a little play.
What was your first car and what song, that you still play to energize yourself, did you play in it.

I'll go first. My first car was a 1968 brown Ford Capri and I played "Ça Plane Pour Moi" very loud, and still do.


It had Lucas electric system, and I can confirm the rumors, he did indeed invent darkness.
I was 18, driving too fast on a dark country road when suddenly everything went dark, everything. I saw nothing. luckily the road was straight and I was young, so I slammed the brakes and managed to stop without  going of the road.
I opened the hood and started to hit random things with a hammer and all of a sudden the lights went back on. I never trusted that car after that incident and soon traded it for a 1962 Chevy Nova (that car too was a piece of garbage and was traded for a Volvo Amazon, that car was a pearl).

Not the actual care, but one just like it.



Ça Plane Pour Moi
https://www.youtube.com/watch?v=RDHjeiys3a0

Mk2 Ford Escort (not mine but one like it). Bad car, good times. No audio at first but once I got it installed, Aerosmith's greatest hits or Appetite for Destruction were always good when it was warm enough to crank the windows down.

[ChartBuddy]

Explanation

[Tash]

"We spent $2.26 trillion over 20 years in Afghanistan which has a population of 37.5 million which is $60,267 per capita. Afghan per capita GDP is about $500 by exchange rates and $2,000 by PPP (purchasing power parity). If we use the higher latter number, we could have provided 30 years worth of income for every single person living in Afghanistan instead of 20 years of war, or more than doubled living standards by 150% for 20 years.  Another perspective, at 4 persons per family, we could have built each family in Afghanistan a $241,000 manson (a new apt in Kabul costs say $25k).  The irony too is that the CIA started the Taliban to fight the soviets.  Anyways, what an immense waste, normal whenever gov. touches anything."

https://www.zerohedge.com/geopolitical/taliban-official-confirms-no-democracy-afghanistan-council-will-likely-rule?commentId=27fdc2c6-0b3e-4f01-a91e-59357831d0e1

almost the entire cryptos market cap

Thats why the way forward is self-governance to starve out the useless officials making petty laws and work against you.
 

[Toxic2040]

keep pounding it flat until something gives..   


dyor
1h


be nice to see a higher high soonish as we seem to be breaking away from this rounding top
4h

stronghands

[bitebits]

@brian_armstrong
We recently received board approval to purchase over $500M of crapto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crapto. I expect this percentage to keep growing over time as the craptoeconomy matures.

https://twitter.com/brian_armstrong/status/1428489591665856512

[ChartBuddy]

Explanation

[JayJuanGee]

@brian_armstrong
We recently received board approval to purchase over $500M of crapto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crapto. I expect this percentage to keep growing over time as the craptoeconomy matures.

https://twitter.com/brian_armstrong/status/1428489591665856512

Pretty vague statement concerning what Coinbase is buying exactly.. and yeah, maybe it is like one of those stereotypical Nigerian scams statements.. purposefully using vague terms in order to focus their scam on more gullible targets (customers, clients, investors) who don't know the difference, and believe that "crypto" is an actual thing.

[retreat]

I say BTC 50k by monday.  Everytime there is bad news, poly hack, stock markets down, sec regulation and so on and so forth, price just doesnt really dump more than a few %.  bullish

all bad news will pass like a gust of wind and we will see BTC $ 50k in September..keep optimistic

[ChartBuddy]

Explanation

[bitebits]

• Halving impact is reducing
• Magnitude of waves will reduce*
• Frequency of waves will increase
• *Possible one more really big UP wave (and possibly the mother of all of them)

This year we will see 90% of the bitcoin supply mined already. Between now and 99%, which is in the year 2035 there will be a few halvings, and I think the mother of all happens somewhere in the middle. Past that, there's not much left to make any significant effect.

By the year 2048, we have 99.9% of supply. The next 100 years to the year 2140 (or as some predict maybe even earlier, but just a few years) is a 0.1% increase to 100% of all bitcoin supply.

But we also know price does not immediately follow these milestones, it may take some time for these numbers to sink in before people, retail, and institutional investors and even countries to buy in.

I think the biggest factor to consider is when we reach that 0.1% of Bitcoin because that is when we should see stability of the price. If you think about it the volatility of Bitcoin is because it has frequent injections of Bitcoin into the circulation of the market this is done by block rewards and then you have low levels of transactions (when you compare to other mainstream currencies) and Bitcoin is still new being just over 10 years old. When we reach 2048 that is when the block rewards do not inject as much Bitcoin into circulation, the currency is now established and is not new yet and the majority of the world will be invested in Bitcoin or using it which will allow us to reduce the amount of volatility we see today. We should then see more people using Bitcoin for its intended purpose as a currency instead of a reserve currency. Most products will hopefully we able to be bought with Bitcoin and Bitcoin would be challenging or already taken over as a mainstream currency. Hopefully by then centralized banks are no longer existing.

I think the stock-to-flow ratio has little to do with achieving dollar price stability. Bitcoin is on par with gold already today.

[ChartBuddy]

Explanation

[ImThour]

BREAKING: #Binance to now require all users to complete KYC Verification amid mounting pressure from worldwide regulators.

[ChartBuddy]

Explanation

[serveria.com]

BREAKING: #Binance to now require all users to complete KYC Verification amid mounting pressure from worldwide regulators.

So what? This news is now presented as latest fud?  Whats so negative about it?

[ChartBuddy]

Explanation

[Totscha]

BREAKING: #Binance to now require all users to complete KYC Verification amid mounting pressure from worldwide regulators.

So what? This news is now presented as latest fud?  Whats so negative about it?

Exactly. Same shit, different exchange. Whenever I see someone whining about KYC I just wanna slap the bastard!

You want to trade BTC<>fiat, you will have to deal with KYC. It's that simple...

[ChartBuddy]

Explanation

[goldkingcoiner]

Binance can go fuck themselves. Im switches to dexes only.

[aysg76]

Doctor has advised me to eat something healthy that will be beneficial for my health so i decided to include this in my diet plan:

BTCeleive me it's the most healthy meal which will benefit me in the long term.Now i am going to advice my doctor the same meal and see if he understands it's importance.

Keep it up WO brothers and we will give bears a party after hitting new ATH again most probably this year.

It's up 6.05% and above $47k so enjoy.

[Tash]

..........
You want to trade BTC<>fiat, you will have to deal with KYC. It's that simple...

There are services available, but...there is always a catch.