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

[JimboToronto]

Good morning Bitcoinland.

Briefly touched $56k before returning to the $54xxx range... currently $54668USD/$68340CAD (Bitcoinaverage).

Catching our breath before continuing on upward.

Go Bitcoin go.

Pfft left and right nowadays are just two sides of the same coin. They both want to limit individual freedom, one wants big government the other big corporations to govern us.

Bingo.

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[cAPSLOCK]

Good morning Bitcoinland.

Briefly touched $56k before returning to the $54xxx range... currently $54668USD/$68340CAD (Bitcoinaverage).

Catching our breath before continuing on upward.

Go Bitcoin go.

Pfft left and right nowadays are just two sides of the same coin. They both want to limit individual freedom, one wants big government the other big corporations to govern us.

Bingo.

I will take it one step further.

The illusion that there are these two competing paths is a way they can control the masses by making them side with one choice or the other.

It is crystal clear at this point that the WAY big government is "governing" us is VIA big corporations.

Fooling us into "choosing" the lesser of two evils, when in reality they are one and the same.

For them it's not even win/win.  It's just WIN.

[ChartBuddy]

Explanation

[marcus_of_augustus]

Many WO merits for this.

... they missed the designer Ray Bans and apple earpods accessories, hugely profitable items

[marcus_of_augustus]

“Hedge fund billionaire Ken Griffin slams crypto as a 'jihadist call' against the dollar — and says regulation will oust those looking to make a quick buck”

These guys...  Billionaires in the current system.  Particularly the ones who play games with ledgers to make their wealth.

They either got there by luck, or by smarts.  I think it is impossible for it to be luck.  Because wolves smarter than them would take any lucky money they make.

... I think rat cunning is a better description than smarts or knowledge .... and it's rat instinct to rat poison that they have a visceral reaction to sound money that threatens their rat race

[infofront]

New poll incoming. Old poll results:

[Torque]

Bitcoin breaks the game.  That threatens their systems.  NOT their riches.  The path to maintaining their wealth in a world in which Bitcoin becomes important is elementary for people who HEDGE for a living. Lol.

So they do not want their systems broken which have allowed them to profit on the backs of the rest of us.  

Bitcoin only breaks the game for one main reason, and one reason ONLY: 90+% of bitcoin is not owned and controlled by these people. That's why they hate it.

If it were, we'd all be in the same boat as the Precious Metal investors....frustrated as hell rn.

[JimboToronto]

New poll incoming. Old poll results:

How much of your stash would you sell if Satoshi's coins moved to an exchange?

That's a pretty far-fetched premise. Does anybody really think Satoshi or anyone with access to those coins would actually move them to "an exchange"?

I guess the real purpose of the poll is to gauge the number of panic sellers versus hodlers.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

I guess the real purpose of the poll is to gauge the number of panic sellers versus hodlers.

Don’t worry Jimbo, already voted. We got this

[El duderino_]

New poll incoming. Old poll results:

How much of your stash would you sell if Satoshi's coins moved to an exchange?

That's a pretty far-fetched premise. Does anybody really think Satoshi or anyone with access to those coins would actually move them to "an exchange"?

I guess the real purpose of the poll is to gauge the number of panic sellers versus hodlers.

Depending if an ALL-person has the situation to sell some to life comfortably for few months years, never know how long recovery would take…. But I would understand an ALL-IN peep to sell some at high prices to ride the waves etc

[shahzadafzal]

“Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000.”

What if we count those too who didn’t disclose? That’s would be fun 🤩

https://www.cnbc.com/amp/2021/10/07/senator-cynthia-lummis-discloses-a-bitcoin-purchase-worth-up-to-100000.html

[bitebits]

https://insights.glassnode.com/follow-the-smart-money/

A Study of Long-Term Holders
A deep dive analysis into the market psychology and fractals associated with Bitcoin Long-Term Holders.

[psycodad]

How much of your stash would you sell if Satoshi's coins moved to an exchange?

That's a pretty far-fetched premise. Does anybody really think Satoshi or anyone with access to those coins would actually move them to "an exchange"?

I guess the real purpose of the poll is to gauge the number of panic sellers versus hodlers.

I feel it's the wrong question anyway, it should be "How many of your FIAT would you transfer to an exchange to buy the incoming dip Satoshis coins for cheap?"

Whatever coins he could throw at the market, I am pretty sure they would be absorbed in a short time (depnending on how much), so it would IMO only be a short setback.

Then again, I agree, it's highly hypothetical in the first place.

[ChartBuddy]

Explanation

[Paashaas]

https://twitter.com/TechDev_52/status/1446469374936768515

[Poker Player]

Many WO merits for this.

... they missed the designer Ray Bands and apple earpods accessories, hugely profitable items

I would add that the other tool he uses to smash capitalism is the $1K Iphone, which although it can't be seen properly, he is holding it with his hands behind the screen.

I know a few like that myself.

[marcus_of_augustus]

https://m.youtube.com/watch?v=kknVfOJZ1w0

... bitcoin Tyson takes on the fiat pretenders

[BobLawblaw]

https://insights.glassnode.com/follow-the-smart-money/
A Study of Long-Term Holders
A deep dive analysis into the market psychology and fractals associated with Bitcoin Long-Term Holders.

Saw this noted earlier on Twitter. Great catch posting it here!

[JimboToronto]

A little humor:

https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

I don't know if this has already been posted here but it caught my eye and made me laugh.

...I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity...

...The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like ‘get rich quick’ funnel designed to extract new money from the financially desperate and naive...

...Cryptocurrency is like taking the worst parts of today’s capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person...

...This is the type of dangerous ‘free for all’ capitalism cryptocurrency was unfortunately architected to facilitate since its inception...

Gotta love that "dangerous free-for-all capitalism".