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

[marcus_of_augustus]

... looks like selling aiming for technical levels, MA, futures expiry, etc, all backed up on some hyped-up, reheated Chinese manufactured FUD, someone trying to exit a losing short position in the futures?

... welcome to Wall St. commodities, the CFTC has to be one of the most crooked outfits on the planet

[LoyceV]

China banning bitcoin, again:
~
Filippone QuickTake:

LoyceV QuickTake: China fears their real estate bubble might pop when Evergrande goes under, so China tries to force more capital into traditional stock to postpone this a little further.
Sarcasm: Let's sell Bitcoin and buy Evergrande, it's a bargain now

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

As long as you (and I) post about it, apparently we still care.

[ChartBuddy]

Explanation

[El duderino_]

[BitcoinBunny]

Come on guys. China knows what is best for us. Be reasonable for once in your life.
Take the quadruple vaxx shots and stop this ridiculous cryptocurrency and just soak up the 15% inflation every year.

[BobLawblaw]

[UnDerDoG81]

Max pain here we come. This time I will wait this out. Bought in too early every damn time.

[NeuroticFish]

Reuters - 2017  

[LoyceV]

I'm just curious how this will age. China was quite good with Bitcoin, they had a thriving mining business and exchanges. They scared away Binance and they scared off the miners. I wouldn't be surprised if they regret all this 10 years from now when they can't go without Bitcoin anymore.

Meanwhile, they own $1.1 trillion in U.S. debt. They must love inflation!

[BitcoinBunny]

I'm just curious how this will age. China was quite good with Bitcoin, they had a thriving mining business and exchanges. They scared away Binance and they scared off the miners. I wouldn't be surprised if they regret all this 10 years from now when they can't go without Bitcoin anymore.

Meanwhile, they own $1.1 trillion in U.S. debt. They must love inflation!

Reuters, 24 Sep 2030:
- El Salvador increases existing loan to China by another massive 10BTC.
- Meanwhile US President Michael Saylor has requested the arrest of the corpses of wanted criminals Joe Biden and Nancy Pelosi.
- Christine Lagarde to serve 200 years in prison for unsuccessfully attempting to block Bitcoin roll out around the world. Investigation reveals she was a BTC hodler all along.
- Pfizer issued with a 200 BTC fine over unsafe Covid 19 vaccinations in children. Reports of Pfizer seeking bankruptcy deal with president Saylor.
- Disgraced former Tesla owner Elon Musk reported to be drawing Shiba Inu pictures with crayons in his insane asylum cell.

[UnDerDoG81]

I'm just curious how this will age. China was quite good with Bitcoin, they had a thriving mining business and exchanges. They scared away Binance and they scared off the miners. I wouldn't be surprised if they regret all this 10 years from now when they can't go without Bitcoin anymore.

Meanwhile, they own $1.1 trillion in U.S. debt. They must love inflation!

Deep state testing their social credit system in China before it will get a world wide roll out with the disguise of vaccine passports that will be expanded to more and more digital ID and connected with your social behaviors etc. Bitcoin and crypto is a threat to this system because any existing money outside the system they can not control is a threat. Now fiction, later reality. All this Agenda 2030 stuff (preinstalled on Samsung phones) will lead the way to this. If you google it, of course it is camouflaged as charity system to help the world blah... Why would they tell you whats the real goal. CONTROL.

[rdbase]

Reuters - 2017  

Can't trust even what reuters reports on nowadays.
Just look at what they published about walmart accepting cryptocurrency (ltc) last week and all the other major news website's followed suit.
https://bitcointalk.org/index.php?topic=5359763
They corrected themselves after cnbc saw the website was a knock-off for the walmart announcement.
It was all created and then exposed within an hour.
Guess from where reuters picked it up from.. a random Litecoin Twitter account.
Not the original one which is from the litecoin foundation.

[ChartBuddy]

Explanation

[fillippone]

I'm just curious how this will age. China was quite good with Bitcoin, they had a thriving mining business and exchanges. They scared away Binance and they scared off the miners. I wouldn't be surprised if they regret all this 10 years from now when they can't go without Bitcoin anymore.

Meanwhile, they own $1.1 trillion in U.S. debt. They must love inflation!

Reuters, 24 Sep 2030:
- El Salvador increases existing loan to China by another massive 10BTC.
- Meanwhile US President Michael Saylor has requested the arrest of the corpses of wanted criminals Joe Biden and Nancy Pelosi.
- Christine Lagarde to serve 200 years in prison for unsuccessfully attempting to block Bitcoin roll out around the world. Investigation reveals she was a BTC hodler all along.
- Pfizer issued with a 200 BTC fine over unsafe Covid 19 vaccinations in children. Reports of Pfizer seeking bankruptcy deal with president Saylor.
- Disgraced former Tesla owner Elon Musk reported to be drawing Shiba Inu pictures with crayons in his insane asylum cell.

- Liverpool wins another Champions league. President LFC Bitcoin is ready to invest another 1 BTC for next year's lineup.
- Mysterious investor known as EL Duderino_ buys another 3 star Michelin. He now owns 20 of them.
- Gossip: Italian stallion Filippone is seen hanging out with the latest Miss World winner. Former fiancèe (Miss Italia) in tears, joining the numerous club.

[DaRude]

China banning bitcoin, again:
~
Filippone QuickTake:

LoyceV QuickTake: China fears their real estate bubble might pop when Evergrande goes under, so China tries to force more capital into traditional stock to postpone this a little further.
Sarcasm: Let's sell Bitcoin and buy Evergrande, it's a bargain now

Fucking China again…..

How long until nobody gives a shit what they do, pathetic.

As long as you (and I) post about it, apparently we still care.

Looks like a full out ban on mining and exchanges in China, and we (so far?) only go back to where we were 3 days ago? Doesn't look like there are that many left that care anymore, or couldn't foresee this happening with Chinas push for CBDCs.

[Dabs]

Talk me out of putting a newbies goal (0.21 BTC) into Monero..

Have fun staying poor.

Why? You can use Wasabi or Samourai, or any of the centralized sites / mixers / exchanges. Without shilling other shitcoins, there ARRR a couple other privacy coins out there.

Do you need super privacy or just good enough privacy?

[DeathAngel]

[cAPSLOCK]

Thinking of throwing yet more coin in and building out the node out to properly and respectably rep this fruity thread... In the top 500 for capacity already  

Yeah, threw another coin onto the node and looking to establish some quality channels now. Pretty much routed to all the major hubs. Now to look for niches.

There are some nodes that only accept 0.01 BTC maximum for connecting. Fuck that. Not even worth it establishing a channel for that. I'm looking at doing at least 0.05 BTC channels, so, that'll be the limiting factor for me on how I expand out.

Assholes.

I have my minimum set to 1mm sats.  But I am not making any new channels under 2mm for sure.  You can also set your minimum if you like.

As I have thought about this I have considered that MPP may make "smaller" channels much more useful as pathfinding improves and use goes up.  Also as fees go down.  Lightning's revenue model is SO DIFFERENT from bitcoin's in every way.  There is an argument for smaller more agile channels.  But we will see if it plays out.  If it does it will also render channel management moot as a little channel is just going to be swept back and forth constantly.  Since I have actively chosen to support routing to ES I am seeing this on my node (at least that is what I *think* is happening, lightning privacy is good).

Now, very LARGE channels also will play a role in that they can handle lots of payments in one direction or BIG payments.  And they can charge a premium for liquidity because of that.  And possibly should since channel management will continue to be a thing for them.  Which means settling in the main chain, or lots of fees to other channels.

Glad to see you back in the pool.

[cAPSLOCK]

Just looking at bitcoin.org home page and I see a dispute between CSW and COBRA over the publication of the white paper.
Does anyone have any more details regarding what is happening to bitcoin.org?
Is it going to be run by that ego maniac Wright?

CSW is using whatever buggery he can to get his name associated with Satoshi. Unfortunately, in the actual Satoshi's absence, there are a few places where this can have actual legal repercussions. He's likely also trying to take advantage of antipathy towards people on the BTC side of things that many from BCH and BSV* view as having acted unfairly. This all regardless of the fact that the real Satoshi could prove himself with almost no effort.

In other words, just the usual jibber-jabber.

*Personally I consider the whole of the BSV project as disingenuous and acknowledge that many here view BCH disfavorably.

Take the fraud away from the BSV project and I consider it one of the most interesting to watch, and at the same time the most ill fated.  I am interested in it the same way George Gilder is (I assume).  As internet 2.0.  The problem is it is a foolish way to use data, and will centralize into complete control by powerful elite.

But if it (or anything like it including ETH) is successful then the world we live in will be horrible as we will have created the monetary system that makes the current surveillance system look like tinker toys.

On the other hand if you take the fraud away BSV crumbles because I really think Ayre is basically funding all of it.

[cAPSLOCK]

Just looking at bitcoin.org home page and I see a dispute between CSW and COBRA over the publication of the white paper.
Does anyone have any more details regarding what is happening to bitcoin.org?
Is it going to be run by that ego maniac Wright?

CSW is using whatever buggary he can to get his name associated with Satoshi. Unfortunately, in the actual Satoshi's absence, there are a few places where this can have actual legal repercussions. He's likely also trying to take advantage of antipathy towards people on the BTC side of things that many from BCH and BSV* view as having acted unfairly. This all regardless of the fact that the real Satoshi could prove himself with almost no effort.

In other words, just the usual jibber-jabber.

*Personally I consider the whole of the BSV project as disingenuous and acknowledge that many here view BCH disfavorably.

Bitcoin Judas started it. CSW forked BSV off BCH afair, so it isn't even "Bitcoin" any more, no matter how often he claims BSV is the real shit.
But... To be true, it is real shit  

EDIT: Cobra could well have fought the case, by giving up anonymity. I would also consider this price too high for hosting the damn whitepaper. You can also guerilla host it in Panama and point a link to it, and if CSW fights this too, place a link to a google search that delivers the whitepaper url as first/only hit.

People forget that Cobra supported the forks early on.  I do not think what is happening to him is just, but I also feel like he brought it on himself somewhat.