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

[hisslyness]

Has anyone else noticed how low the mempool is... block sizes are small as well.

I am opening LN channels for 1SAT/vByte.

Mempool just exploded 2,000%

Sounds bad, but it is only 12MB.... my 1SAT/vByte LN Channel is still pending... 4 hours now...

[hisslyness]

Awesome movie imo

i was thinking more of the game i use to play in the 90's....

[Torque]

https://www.google.com/amp/s/realty.economictimes.indiatimes.com/amp/news/residential/china-moves-to-cap-the-cost-of-renting-a-home-in-cities/85835286

China moves to cap the cost of renting a home in cities

3 weeks ago..


There you go.. China regulated something something and BAM real estate market crash..


Government sticking their noses into the free market ... yada yada ..

Read more..

This real estate collapse in China is not “out of nowhere”...

They did it themselves, but ya might be hard pressed to find much documentation stating that.. Lot of news sites don’t talk negatively about the CCP very often ... for some reason..
Wonder why...



https://global.chinadaily.com.cn/a/202107/30/WS6103316ba310efa1bd6655e1.html
https://www.google.com/amp/s/www.wsj.com/amp/articles/china-moves-to-ease-child-rearing-costs-in-drive-to-boost-births-11626799245
https://www.bloomberg.com/news/articles/2021-07-16/china-says-hong-kong-s-next-leader-must-tackle-housing-crisis
https://www.google.com/amp/s/amp.scmp.com/business/china-business/article/3124231/two-sessions-2021-china-expand-land-supply-rein-runaway

"Out of nowhere" is the narrative they are selling to the public. See also "didn't see it coming."

However, the public should be questioning the timing. Why right now, at this precise moment in time? Why not a year ago, or two years ago? Or five years ago? Extreme over-leverage, lack of liquidity, and lack of earnings was just as bad then as it is now, if not more so. The CCP could have tightened monetary policy at any time within the last 5 years, but they chose to punt. Why tho?

A: Because the deep state is both the arsonist and the firefighter, that's why. They create crises on demand and when needed. They wait and choose the precise moment to do it. All they have to do is to stop supporting markets with more debt liquidity and boom: instant crisis. And guess what the fix is? More money printer go brrr. More bailouts for banks and the wealthy elite. And another paltry stimmy check for granny who just lost her part time job at Walmart...

[ChartBuddy]

Explanation

[BobLawblaw]

Targeting $41k for scooping.

I'm expecting more pain.

[Dabs]

Awesome movie imo

i was thinking more of the game i use to play in the 90's....

I was able to pass the game in all scenarios and campaigns normally, then decided to try and see what I could do to make it simpler. First it was easy to change the starting spice to a negative number, effectively giving you 65k spice at the start. Second, I was able to edit the dropship to drop anything I wanted, including the big tanks, devastators, and even ornithopters.

At one point I didn't bother killing the other race or enemy, I just started hunting for worms and killing them. They could not be killed, but if you damaged them enough they would disappear.

Never played the Dune 2k version, just the old MS DOS one.

[hisslyness]

Awesome movie imo

i was thinking more of the game i use to play in the 90's....

I was able to pass the game in all scenarios and campaigns normally, then decided to try and see what I could do to make it simpler. First it was easy to change the starting spice to a negative number, effectively giving you 65k spice at the start. Second, I was able to edit the dropship to drop anything I wanted, including the big tanks, devastators, and even ornithopters.

At one point I didn't bother killing the other race or enemy, I just started hunting for worms and killing them. They could not be killed, but if you damaged them enough they would disappear.

Never played the Dune 2k version, just the old MS DOS one.

Now thinking about it more.. It was Dune II, wasn't too sure if we had trainers by then or if we manually hex editors the game like we did with SimCity to get billions in cash! Wow!.. long time ago man! Still remember some of the memorable quotes...

Duke Nukem 3D: Kick ass and Chew Bubble Gum - was my favorite...

[nanobtc]

SNOP

Duke Nukem 3D: Kick ass and Chew Bubble Gum - was my favorite...

"and I'm all out of bubble gum...."

[ChartBuddy]

Explanation

[JimboToronto]

We moon this cycle
I'm gonna get my lambo
(Meanwhile, they're dumping)

#haiku

Which moon are you?

??

[Phil_S]

The guy predicted this drop a few days ago, pretty accurately:

https://twitter.com/davthewave/status/1436080240443346944

I don't enjoy bearish predictions tho...

[ChartBuddy]

Explanation

[serveria.com]

The guy predicted this drop a few days ago, pretty accurately:

https://twitter.com/davthewave/status/1436080240443346944

I don't enjoy bearish predictions tho...

$43k is also what PlanB predicted for September? $47k August, $43k September, $60k October? Was it like that? 

[Dabs]

Now thinking about it more.. It was Dune II, wasn't too sure if we had trainers by then or if we manually hex editors the game like we did with SimCity to get billions in cash! Wow!.. long time ago man! Still remember some of the memorable quotes...

Duke Nukem 3D: Kick ass and Chew Bubble Gum - was my favorite...

The starting video intro was "The planet Arrakis ..." yep, it was Dune II (or Dune 2) ... I played that and Civ 1. I managed to edit Civ so it will fit in only one 1.44mb floppy.

I found a youtube video, here, enjoy:
https://www.youtube.com/watch?v=P57bfBUR7RE

Aahhhhhh. Westwood, they also made other games back then... some adventure or role playing games, I forget.

Anyway, that was the first real RTS, then Warcraft 1 came out, then Warcraft 2, then StarCraft ... and that was the big game for me really, my local college / universities would hold competitions in LAN, because internet was bad then, too much ping and lag.

The "Mentat" was just stupid, I guess it was an in-game method as a tutorial for the game.


My kids play Minecraft and Roblox now... pretty amazing even for a low end computer.

[UnDerDoG81]

The guy predicted this drop a few days ago, pretty accurately:

https://twitter.com/davthewave/status/1436080240443346944

I don't enjoy bearish predictions tho...

36K by end of September? So we can sell all now and buy back later right?

[Arriemoller]

PARIS — Calling American and Australian behavior “unacceptable between allies and partners,” France announced on Friday that it was recalling its ambassadors to both countries in protest over President Biden’s decision to provide nuclear-powered submarines to Australia.

It was the first time in the history of the long alliance between France and the United States, dating back to 1778, that a French ambassador has been recalled to Paris in this way for consultations. The decision by President Emmanuel Macron reflects the extent of French outrage at what it has a called a “brutal” American decision and a “stab in the back” from Australia.

But why would France care so much? Does this adversely affect their military standing on the world stage?

Australia on Wednesday canceled a $66 billion agreement to purchase French-built, conventionally powered submarines, hours before the deal with Washington and London was announced.

Oh, money, grift, corruption and pork.

Of course.

What hurt them most is (apart from losing contract) there was no formal discussion on deal cancellation and Australia notified them just before the announcement, like 1 hour or so lol. Literally no one see that coming even Australian ministers.

The French as part of the EEC did not care when quotas for exports from Australia to Great Britain, a major trading partner were imposed when GB joined the EEC. Australia took a blow, and a lesson and now concentrates on trade in Asia.

European defense policy is in disarray meanwhile People’s Liberation Army Navy has 6 nuclear subs, 50+ conventional and rapidly increasing spending. Australia require the latest and best to help balance power in the region.

I believe India has one nuclear sub with 3 more to follow, all designed and built there.

IMO EU should be fine in longer run if they start pumping money in defense, they needs to be careful tho. Leadership is important, recently French presidential candidate for 2022 made some noise in favor of Russia and China due to this recent deal, don't know if it was only political speech or Far right in France really hate USA that much.

Conventional subs are okay-ish for defensive strategy but inferior when it comes to hunting game, that's where SSNs (nuclear -powered) comes up so Oz did hit the jackpot by striking this deal, considering few countries operate SSNs and has this technology. Its clear that Australia changing their doctrine but it will take decade to mature, till then they could also try leasing couple of subs from the USA similar to India (Russian sub).

Yeah but all of them are SSBNs (Nuclear armed) for deterrence /second strike capability. 6 SSNs (right now India using Russian sub) and 6 S5 class subs(Next generation subs, not sure if its SSBNs or SSNs)  are also in pipeline and construction is about to start so India is heading in the right direction and i think France is going to assist us this time, last time they declined to provide any support but now table has turned because of AUKUS alliance.

Well something is going on in the world, Sweden increased it's military expenditure with 40% and four new regiments and one new air flotilla is opening very soon, the firs, K4, is opening on September 24.
https://tekdeeps.com/sweden-gets-five-new-regiments-and-a-new-air-flotilla/

[ChartBuddy]

Explanation

[Arriemoller]

-snips-

https://www.google.com/amp/s/realty.economictimes.indiatimes.com/amp/news/residential/china-moves-to-cap-the-cost-of-renting-a-home-in-cities/85835286

China moves to cap the cost of renting a home in cities

3 weeks ago..


There you go.. China regulated something something and BAM real estate market crash..

https://global.chinadaily.com.cn/a/202107/30/WS6103316ba310efa1bd6655e1.html
https://www.google.com/amp/s/www.wsj.com/amp/articles/china-moves-to-ease-child-rearing-costs-in-drive-to-boost-births-11626799245
https://www.bloomberg.com/news/articles/2021-07-16/china-says-hong-kong-s-next-leader-must-tackle-housing-crisis
https://www.google.com/amp/s/amp.scmp.com/business/china-business/article/3124231/two-sessions-2021-china-expand-land-supply-rein-runaway

A short, good analysis of some of these facts on Twitter. Still reading it, sharing before I close that tab.
https://mobile.twitter.com/INArteCarloDoss/status/1438944431734919175

Myself may take to create an alt account and used that to take a several fun taking that tool

Myself agreed.  Myself to bookmarked this very useful translation tool.

That must be the translation tool Amazon used when they opened Amazon.se

[Phil_S]

The guy predicted this drop a few days ago, pretty accurately:

https://twitter.com/davthewave/status/1436080240443346944

I don't enjoy bearish predictions tho...

$43k is also what PlanB predicted for September? $47k August, $43k September, $60k October? Was it like that? 

We'll know soon enough... who's right and who's wrong:


https://twitter.com/100trillionUSD/status/1220357903779008512

[marcus_of_augustus]

PARIS — Calling American and Australian behavior “unacceptable between allies and partners,” France announced on Friday that it was recalling its ambassadors to both countries in protest over President Biden’s decision to provide nuclear-powered submarines to Australia.

It was the first time in the history of the long alliance between France and the United States, dating back to 1778, that a French ambassador has been recalled to Paris in this way for consultations. The decision by President Emmanuel Macron reflects the extent of French outrage at what it has a called a “brutal” American decision and a “stab in the back” from Australia.

But why would France care so much? Does this adversely affect their military standing on the world stage?

Australia on Wednesday canceled a $66 billion agreement to purchase French-built, conventionally powered submarines, hours before the deal with Washington and London was announced.

Oh, money, grift, corruption and pork.

Of course.

What hurt them most is (apart from losing contract) there was no formal discussion on deal cancellation and Australia notified them just before the announcement, like 1 hour or so lol. Literally no one see that coming even Australian ministers.

The French as part of the EEC did not care when quotas for exports from Australia to Great Britain, a major trading partner were imposed when GB joined the EEC. Australia took a blow, and a lesson and now concentrates on trade in Asia.

European defense policy is in disarray meanwhile People’s Liberation Army Navy has 6 nuclear subs, 50+ conventional and rapidly increasing spending. Australia require the latest and best to help balance power in the region.

I believe India has one nuclear sub with 3 more to follow, all designed and built there.

IMO EU should be fine in longer run if they start pumping money in defense, they needs to be careful tho. Leadership is important, recently French presidential candidate for 2022 made some noise in favor of Russia and China due to this recent deal, don't know if it was only political speech or Far right in France really hate USA that much.

Conventional subs are okay-ish for defensive strategy but inferior when it comes to hunting game, that's where SSNs (nuclear -powered) comes up so Oz did hit the jackpot by striking this deal, considering few countries operate SSNs and has this technology. Its clear that Australia changing their doctrine but it will take decade to mature, till then they could also try leasing couple of subs from the USA similar to India (Russian sub).

Yeah but all of them are SSBNs (Nuclear armed) for deterrence /second strike capability. 6 SSNs (right now India using Russian sub) and 6 S5 class subs(Next generation subs, not sure if its SSBNs or SSNs)  are also in pipeline and construction is about to start so India is heading in the right direction and i think France is going to assist us this time, last time they declined to provide any support but now table has turned because of AUKUS alliance.

Well something is going on in the world, Sweden increased it's military expenditure with 40% and four new regiments and one new air flotilla is opening very soon, the firs, K4, is opening on September 24.
https://tekdeeps.com/sweden-gets-five-new-regiments-and-a-new-air-flotilla/

... Trump called out all the euroweenie peaceniks for breaking their Nato obligations on defence spending for the last 30 years so they've upped their spending to try and fulfill their side of the treaty again, none of them are anywhere near the 4% of GDP required

... It's simple game theory, unless everyone is disarmed ( never gonna happen), then it is safest and peaceful when everyone is adequately armed