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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26364513 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
somac.
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October 25, 2021, 12:42:26 PM
Merited by Paashaas (1)

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

I really really really hope they don't. The CCP are a pack of evil bastards, best if they have nothing to do with bitcoin.
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October 25, 2021, 01:01:25 PM


Explanation
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October 25, 2021, 01:51:00 PM
Merited by JayJuanGee (1), Torque (1)

Quote
The crypto economy is about to expand.

Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.

That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin.

To do so, the payments network is partnering with Bakkt, the crypto firm recently spun off by Intercontinental Exchange, which will be the behind-the-scenes provider of custodial services for those who sign up, executives at the two firms told CNBC.

https://www.cnbc.com/2021/10/25/mastercard-says-any-bank-or-merchant-on-its-vast-network-can-soon-offer-crypto-services.html
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October 25, 2021, 02:01:25 PM


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October 25, 2021, 02:25:14 PM
Merited by JayJuanGee (1), Paashaas (1)

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  Roll Eyes
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October 25, 2021, 02:36:27 PM
Merited by El duderino_ (2), JayJuanGee (1)

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  Roll Eyes

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.
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October 25, 2021, 02:44:18 PM
Merited by JayJuanGee (1), Richy_T (1)

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  Roll Eyes

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.

If the rigs are still in China. It's possible the rigs actually physically moved from China to other countries and run from outside China. In which case, there is no incentive to return unless China either forces the miners somehow, or pays them to do so, or electricity rates have subsidies or support or something. It is unlikely they will get back the older miners, but they can try to encourage new ones. They effectively kicked out their exchanges as well. No existing exchange is going back, it will be new ones.

China shot themselves in the foot.
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October 25, 2021, 03:01:33 PM


Explanation
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October 25, 2021, 03:15:50 PM
Merited by El duderino_ (14), JayJuanGee (1), Torque (1)


https://www.nytimes.com/2021/10/24/business/media/facebook-leak-frances-haugen.html

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Ms. Haugen, in our phone interview, also resolved a minor mystery: whether she’s quietly relying on the financial support of Pierre Omidyar, the eBay co-founder whose groups started working with her in October, as Politico first reported.

The reality, she said, is that she has her own financial resources, and has accepted help from nonprofit groups backed by Mr. Omidyar only for travel and similar expenses.

“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” she told me.

 Grin

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October 25, 2021, 03:46:35 PM

Ya might find this funny but it is true. The fish in the Sea are drowning...
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October 25, 2021, 03:49:27 PM
Merited by JayJuanGee (1)


https://www.nytimes.com/2021/10/24/business/media/facebook-leak-frances-haugen.html

Quote
Ms. Haugen, in our phone interview, also resolved a minor mystery: whether she’s quietly relying on the financial support of Pierre Omidyar, the eBay co-founder whose groups started working with her in October, as Politico first reported.

The reality, she said, is that she has her own financial resources, and has accepted help from nonprofit groups backed by Mr. Omidyar only for travel and similar expenses.

“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” she told me.

 Grin



.... pretty sure this bitch is a spook or intelligence asset that is trying to use the recent public campaign of hate against social media to torpedo FB plans for end-to-end encryption roll out

... we've known for years FB and socials are toxic cesspits, so after embedding herself in FB for less than 2 years she comes out with this 'whistleblower' crap that has been obvious for anyone looking from the outside what FB has been doing to young minds

... the spooks have been happy to turn a blind eye to FB social crimes while they have been major beneficiaries of gaining all that juicy surveilled data and privacy-raping their citizens .... now suddenly they grow a conscience when FB rolls out end-to-end encryption plans?

.... cry me a river scumbags, after fiat banksterism, intelligence agencies are the biggest hindrance to freedom and good things, they're becomng a plague on humanity
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October 25, 2021, 03:52:22 PM
Merited by JayJuanGee (1)



https://twitter.com/Greg_Flor/status/1450446642239270916/photo/1


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October 25, 2021, 04:01:13 PM

All this price action... But so little retail volume.

This is incredibly bullish in my opinion. 

Who is buying?
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October 25, 2021, 04:01:25 PM


Explanation
JayJuanGee
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October 25, 2021, 04:27:34 PM

Observing $62,376 = Better!
Let’s begin a slow grind up to $70,000 this week.

Have a good one today boys.

I could well live with +$10k per week.
LFG, ChartBuddy!  Grin

I was beginning to consider $1k per day or some variation of that, but then realizing that bitcoin does not work like that.. so we might start to get $1k per day then all of a sudden we get a $10k day.. perhaps? momentum was down just yesterday-ish.. and then we had nearly 24 hours of reversing.. so then.. has the baby-sized (or would it be ant-sized?) down reversed?  Could be, no?

Actually, another thing that I thought of regarding a kind of gradual scenario is that at some point we have to get suspicious regarding "why isn't there no battle?"  So, even if the battle is not constant, it seems that we should want to see a "battle" every once in a while, just to be able to appreciate that whatever move is happening is real rather than just cooperating whales causing the price moves to happen.. and it gets so much better and exciting when the whales lose control... .. for example I doubt that the bearwhales wanted the price to get above $43k/$46k in early August.. but they likely did not really have a choice.. and I doubt that they wanted the price to get above $53/$55k in early October, and they likely did not have much of a choice at that point, either.. my tentative thinking....

And, they do not really like that we continue to be in noman's land because there is not really much that they can do about that, but that bridge was crossed in early October.. so it is largely just a matter of getting through this.. with only token battles along the way.. perhaps?  perhaps?

Here is a drawing I made to summarize the hyperinflation debate surrounding @jack tweet. Economists dont realize the best way to measure USD inflation is to measure #BTC  - which is the exit path of least resistance during a monetary collapse.


https://twitter.com/jasonplowery/status/1452262671957610496?s=21

The drawing is missing PMs... in that regard, there are some guys (economists) who are still measuring PMs also.. sure maybe the ones measuring PMs is a shrinking minority, but there are still some who believe that gold and silver have chances in these here trying times.

Keep us above 60
~
Otherwise I’m forced to start buying little dips…
Good idea, I like it! I created a buy order at €60, just for the hell of it Cheesy
Now I wait for a fat finger flash crash.
Whoaza!!!!!!!   Gonna have to label you as a troll soon Loyce.. (alternatively a bitcoin naysayer, nocoiner, undercoiner, fence-sitter, DOWNity aspirationalist or some other variant of those titles)

 Angry Angry Angry Angry Angry

 Cheesy Cheesy Cheesy Cheesy
I'm not trolling, I really did it Cheesy Okay, maybe the buy-order itself could be considered trolling, but the exchange doesn't seem to mind.
I may be dreaming, but flash crashes do happen sometimes. Remember the drop to US$0.06?

I vaguely remember something like that happening.. (and your link shows it as 5 years ago).. and yeah it has happened on other exchanges from time to time (other trading pairs, too).. so sure, something like that could happen... sometimes they reverse it, too.. that has happened, as well.  Gemini did it within only a few months of their opening.. wasn't the opening about summer/fall 2015 so the reversal was a few months later.?
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October 25, 2021, 04:34:23 PM
Merited by dragonvslinux (1), Sayeds56 (1)

They see me rollin', they hatin'

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October 25, 2021, 04:59:14 PM

Who sold at the bottom?
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October 25, 2021, 05:01:25 PM


Explanation
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October 25, 2021, 05:05:48 PM

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  Roll Eyes

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.

Do you really believe that the so many variables at play in this particular market (at this time) would be able to play out in less than two months?  (implying that the top plays out in this calendar year?)...

Surely, I do not want to take away from the power of the 4-year fractal because there does seem to have some kind of gravitational pull to comply again with such overall broad brush-strokes of such earlier comparison periods, but each cycle has its unique dynamics too that could affect how the curvening plays out, even if later periods may well end up looking very similar to earlier periods - they never seem to be precisely the same....

So even though I am kind of inclined to conclude that there could be some dragging out of this cycle, I do appreciate that sometimes the blow off top can also end up happening pretty rapidly, too.. I will admit that through 2018, I had a similar kind of feeling that the 2017 blow off top was not really a blow off top, so we were not done with the UPpity, yet.. but I ended up being wrong about that.. so I could be wrong this time too.. even though I am thinking that our lil 56% correction in the midst of this run (which largely ended up being mid-may through Mid-July-ish) .. before ramping back up.. but we are getting a kind of slow ramping up to reach the previous ATH.. that causes this period to seem different from 2013 too.. even though maybe closer to 2013 than to 2017.. and so the BIGGER question still concerns whether there is going to be a dragging out or not... which I keep coming back to having more favorability towards some kind of dragging out.. even if I am not going to be shocked off my feet if we end up with a "wham bam thank you ma'am," rather than a "dragging out"..... either way.. I can proclaim that I called it.. hahahahahaha  at least on the inside... like a good sorcerer wannabe...

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  Roll Eyes

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.

If the rigs are still in China. It's possible the rigs actually physically moved from China to other countries and run from outside China. In which case, there is no incentive to return unless China either forces the miners somehow, or pays them to do so, or electricity rates have subsidies or support or something. It is unlikely they will get back the older miners, but they can try to encourage new ones. They effectively kicked out their exchanges as well. No existing exchange is going back, it will be new ones.

China shot themselves in the foot.

I still think that they can recover.

There are some folks who are mobile for sure, and I agree with you that if equipment or people leave, then they are likely not coming back.. Of course, there are some people (including Chinese people) who have comfort living in china.. because maybe things are better for them in China as compared with trying to make things work in some other jurisdiction. .. You might be right that previous existing exchanges might not want to open up again and risk getting more whip saw by Chinese administrators, but if they have existing skills, they still might consider it short-term profitable to actually open up again, even if they can also calculate that they may well end up getting whipsawed another time... I am sure that there are some on-the-ground Chinese folks participating in this forum, too.. one or two, no?

Ya might find this funny but it is true. The fish in the Sea are drowning...

Not funny at all because as a loser nocoiner..  you just make shit up hoping for some attention..

By the way, it is not too late, even for nocoiners to start to accumulate BTC.. you will be in a much better place.. even if it takes 4-10years to become consistently profitable based on your purchases from today... whether you are able to take a medium level of aggressive stance, such as $100 per week, a more aggressive stance of $1k per month, or surely there are some folks who are ONLY able to do something like $10 per week.. but do what you can do based on whatever is your own situation.. without overleveraging.. and hopefully, whatever you end up doing, you do not want to put ur lil selfie in a worse position where you end up feeling that you have to sell some of all of whatever BTC you had ended up accumulating at some point later down the road at a loss.
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October 25, 2021, 05:11:37 PM

.... pretty sure this bitch is a spook or intelligence asset that is trying to use the recent public campaign of hate against social media to torpedo FB plans for end-to-end encryption roll out

... we've known for years FB and socials are toxic cesspits, so after embedding herself in FB for less than 2 years she comes out with this 'whistleblower' crap that has been obvious for anyone looking from the outside what FB has been doing to young minds

Could she have been an insider plant? Sure, maybe. This type of insider espionage/sabotage has been done to corporations before.

... the spooks have been happy to turn a blind eye to FB social crimes while they have been major beneficiaries of gaining all that juicy surveilled data and privacy-raping their citizens .... now suddenly they grow a conscience when FB rolls out end-to-end encryption plans?

They never grew a conscience. The FB user base growth has stalled, and up to this point these criminal orgs have bought all the data they need from FB atm.
https://finance.yahoo.com/news/facebook-alarmed-teen-usage-drop-110010566.html

Once a major corporation stops growing, it's time to create FUD and go mega short. Classic insider playbook.
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