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

[xhomerx10]

in my motherland
lockdown for the non-vaxxed
starting tomorrow

the third lockdown though
kind of light version, this time
permits lots of things

shit hitting the fan
incidence almost 1k
bitcoin doesn't care

#fuckthesystemhaiku

I thought that was Oberösterreich only

Nope. Until friday, yes. Incidences are going through the roof atm.
Saturday the minister of health announced the nation-wide LD for the unvaxxed, today it was fixed in parliament, effective 53 minutes after publishing it to the national "legal information system". People are allowed to go to work and buy food, visit pharmacies, gas stations, go out for a refreshment walk. but NO more shopping and going out or visiting friends/family for the unvaxxed.
Government is wetting their pants right now. They did nothing all summer, called out the "end of the pandemic", followed by the "end of the pandemic for the vaccinated".
40% of all covid patients in hospital are fully vaxxed, rumors say the number rose to 50% this week, while about 20% are currently fully vaxxed in ICU.

They did a lot of testing before, then they stopped testing of fully vaccinated people. Also, vaccinated folks that got close to an infected person were no more needed to self-quarantine and testing. So the infection counts exploded, they said PCR testing is mandatory for going to work, also in effect tomorrow, and the labs already refused to take newly submitted tests on saturday, because they don't have the capacity to process them. Next they want mandatory vaccination for people working in geriatric and medical field, while the hospitals are expecting up to 20% of their staff to quit.

Thie is getting way beyond popcorn level.
Interesting times.

I will continue reporting in the covid observer thread after today.

EDIT: uhm, forgot to mention that they dedicated a bunch of police officers, who should watch, check and prosecute peeps not obeying to the restrictions.

It looks like EU is going positively crazy about it.
With all it's warts, America looks like a sane person in this insane asylum of the world we live in.

 

[1714692410]

1714692410

[ChartBuddy]

Explanation

[shahzadafzal]

Not much happening
Bitcoin keeps going sideways
Slow Sunday indeed

Never underestimate the importance of BORING BITCOIN 🚀



https://twitter.com/bitharington/status/1459867159836962821?s=21

[TheJuice]

Not much happening
Bitcoin keeps going sideways
Slow Sunday indeed

Never underestimate the importance of BORING BITCOIN 🚀



https://twitter.com/bitharington/status/1459867159836962821?s=21

Love how it is "boring" and yet we are right near the ATH.

[marcus_of_augustus]

... something is going badly wrong in Europe ... and it's not the unvaccinated ... Europe is the one of the first and majorly vaccinated regions ... the only question now is if all the "experts" and government health dictators will admit they have experimented on their populations with catastrophic outcomes about to become apparent

https://www.unz.com/mwhitney/excess-deaths-point-to-depopulation-agenda/



... excess deaths mirroring vaccine roll-out to younger age groups timeline, smoking gun

[Sayeds56]

^^^^^
You might want to un-doxx your gmail account there sayed

And his face, top right.

Edit - I’ll delete this when he notices & deletes his post.

I have deleted the post.

[ChartBuddy]

Explanation

[Hueristic]

... something is going badly wrong in Europe ... and it's not the unvaccinated ... Europe is the one of the first and majorly vaccinated regions ... the only question now is if all the "experts" and government health dictators will admit they have experimented on their populations with catastrophic outcomes about to become apparent

https://www.unz.com/mwhitney/excess-deaths-point-to-depopulation-agenda/



... excess deaths mirroring vaccine roll-out to younger age groups timeline, smoking gun

Cool site!

I'll check out that article right after I read this one.

An Antidote to the Jewpill (Part I: Group Evolutionary Strategy)

https://www.unz.com/article/an-antidote-to-the-jewpill-part-i-group-evolutionary-strategy/

[marcus_of_augustus]

... something is going badly wrong in Europe ... and it's not the unvaccinated ... Europe is the one of the first and majorly vaccinated regions ... the only question now is if all the "experts" and government health dictators will admit they have experimented on their populations with catastrophic outcomes about to become apparent

https://www.unz.com/mwhitney/excess-deaths-point-to-depopulation-agenda/



... excess deaths mirroring vaccine roll-out to younger age groups timeline, smoking gun

Cool site!

I'll check out that article right after I read this one.
An Antidote to the Jewpill (Part I: Group Evolutionary Strategy)

https://www.unz.com/article/an-antidote-to-the-jewpill-part-i-group-evolutionary-strategy/

... I posted the graph so idiots don't even have to read the article!

... it's fine if you want to march lockstep into the vaccination chambers with the mob, it's kind of Darwinian moment in human history that selects for open-mindedness and an ability to exercise intelligent parsing of information, regardless of the sources

[Hueristic]

... something is going badly wrong in Europe ... and it's not the unvaccinated ... Europe is the one of the first and majorly vaccinated regions ... the only question now is if all the "experts" and government health dictators will admit they have experimented on their populations with catastrophic outcomes about to become apparent

https://www.unz.com/mwhitney/excess-deaths-point-to-depopulation-agenda/



... excess deaths mirroring vaccine roll-out to younger age groups timeline, smoking gun

Cool site!

I'll check out that article right after I read this one.

An Antidote to the Jewpill (Part I: Group Evolutionary Strategy)

https://www.unz.com/article/an-antidote-to-the-jewpill-part-i-group-evolutionary-strategy/

... it's fine if you want to march lockstep into the vaccination chambers with the mob, it's kind of Darwinian moment in human history that selects for open-mindedness and an ability to exercise intelligent parsing of information, regardless of the sources

LOL, I can't get enough, THIS SITE IS GREAT!

https://www.unz.com/aanglin/republican-neocons-pushing-for-war-with-the-ukraine-to-defend-democracy-values/

It’s all just such bullshit. As any long-time reader of this site is aware, the democratically-elected president of the Ukraine was overthrown in a coup organized by the US State Department and the EU in 2014. These people were literally paying Ukrainian thugs and neo-Nazis 50 euros a day to riot and attack the cops. Then there was a conspiracy involving the shooting of ZOG-backed rioters by a secret assassin who was never arrested. The people organizing the protests said that the government had ordered the assassinations, and the rioters rushed the government buildings and overthrew the elected government. Then a new entirely Jewish government was established by the West.

... I posted the graph so idiots don't even have to read the article!

Marcus, I check sources because I'm not some idiot that sees a shiny chart and believes any bullshit I'm fed.

[marcus_of_augustus]

... excess deaths mirroring vaccine roll-out to younger age groups timeline, smoking gun

... it's fine if you want to march lockstep into the vaccination chambers with the mob, it's kind of Darwinian moment in human history that selects for open-mindedness and an ability to exercise intelligent parsing of information, regardless of the sources

LOL, I can't get enough, this site is great!

... I posted the graph so idiots don't even have to read the article!

Marcus, I check sources because I'm not some idiot that sees a shiny chart and believes any bullshit I'm fed.

... ok, we get it, you want to character-assassinated the message without addressing it ... if vaccine questioning has been fringe-smeared by the establishment, only fringe sites will question vaccines, so nothing really interesting you've added yet ... except maybe some bold oversize font and hysterical over-reaction

... but I'm curious to know how the mind of a drone works, how do you rationalise that graph inside your own head?

[ChartBuddy]

Explanation

[OgNasty]

We seem to have reached the point where it’s time for Bitcoin to shock the world again. Everyone seems to be calling for a 50% rise in the next 2 weeks. I’m here for it and so are my coins. I’m a little worried that so many people are expecting the same thing. I hope it’s a think into existence scenario and not a maximum market pain scenario.

[hisslyness]

The only thing that leaves me confused is that BTC is legal tender in El Salvador, and the blueprint of the law defines selling as "changing into a legal tender".
So maybe BTC is an exception to the rule and "taxically" untouchable?

... or maybe the lawmaker could argue when you buy bitcoin or swap some shitcoin for bitcoin, you're also "cashing out" the (crypto)currency into a legal tender - so you owe CGT.

You never know what byzantine concepts the lawmakers are going to come up with.

That is already in place in Australia... It is considered a dispose at the current Shitcoin/AUD pair... and Capital Gains TAX to be paid or Capital Loss to be carried forward...

[Hueristic]

... how do you rationalize that graph inside your own head?

I see a website chock full of disinformation I don't waste my time believing any of it.

Sort of like judging people by the company they keep, IT WORKS.


BTW, we have a whole thread for this shit.

[ChartBuddy]

Explanation

[Sayeds56]

Bitcoin started New week with good Bullish momentum. Hope we will see 72K during the current week.



www.investing.com

[ChartBuddy]

Explanation

[JayJuanGee]

1W canle doesnt look too pretty, we still might have another shakeout upon us.

I am shaking in my boots just thinking about it.

How low do you think we might be shakened out? 


Perhaps lower $63ks or worse mid $61ks? 


That would really suck.

Thie is getting way beyond popcorn level.
Interesting times.

Thanks, good to know. Question: Did you guys do the Astra Zenica vaccine there, or Sinovax, or Sputnik? Curious to see how those stack against good ole Moderna 5G tech.

This would be funny if it wasn't sad (about 5G crap).
In my home state of TX, it is "damn the torpedoes".
No mask mandate, no vaccine mandate, no req to wear mask at businesses and the work place.
It is more freedom, though, which I respect (in comparison with all those dictatorial mandates in some other countries). We shall see.
Would I have preferred students in masks for the time being? Maybe, but most of them do this on their own (without a req).
At least, no one yells at you for wearing (or not wearing) a mask anywhere, which is a plus, I suppose.

Either way we are all going to die one day sooner or later.

But I really hope I at least get to see BTC get to 70k so I can stop feeling guilty about guarantying it back in may 2021.

In the meantime a coin that does not go sideways seems pretty close to exactly  that.  64k diff of 25 in april and now 66 k with a diff of 22.9 in Nov.  So last seven months if you cherry-pick april to nov sideways it is.

hey JJG do you think June seven month from now we are at 70k and a diff of 28?

I don’t.😊

I am having a hard time understanding your point. 

I have given various relatively recent prognostications about the various probabilities of the Upside of BTC for this cycle regarding both price and time... and nothing in recent days or weeks have really changed my senses of where we are at, how we got here or where we are likely to go. I can provide you some links  to some of the recent posts give my time and price ideas if you want them for ease of reference.

I have not given much if any prognostications in regards to mining hashrate.. and surely not much about correlations to price except to assert that hashrate does not meaningfully and significantly direct BTC price, there are other way the fuck more convincing price models to show how BTC price tends to work.. do I need to repeat in that area?

Anyhow, back to hashrate, even though I anticipate that hashrate is likely to continue to go up in the short to long term.. and sure there could be some speculations regarding how much such hashrate continues to go up and various mining equipment supply issues..and I do not tend to follow those issues too closely, even though I appreciate that there are some potential supply chain issues currently in existence in regards to bitcoin mining, and I also suspect that bitcoin is at least 100x oversecured so it can sustain some shocks to its system.. even though the BTC hashrate is not currently in any kind of bad place, and I cannot really see how any kind of possible current hashrate (or supply chain) issues are going to significantly or meaningful contribute to current BTC price dynamics.. and surely, it is not a bad thing to have what appears to be a quite a bit of extra computing power that is being utilized to mine/secure bitcoin.... ... maybe I am a bit loosey goosey with my 100x numbers?.. I don't proclaim to be any kind of pro in assessing those kinds of questions regarding the extent to which some of the mining might be fake or strategic sybil attacks rather than real but I do have enough confidence in some of the data points that I am able to see in regards to difficulty adjustments and how those kinds of adjustments have been adjusting up and down in relatively incremental ways.. something like 9 positive upwards adjustments in row seems to be a decently good/healthy sign...

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

Just started a new difficulty period within about the past 26 hours as I post this.

Surely from what I heard, currently there seems to be a decent amount of profits in mining bitcoin and some of that seems to have had related to some of of the seeming china shenanigans whether information has been accurate or not regarding a lot of Chinese mining getting pulled off line, and I hardly have any clues how long mining will stay quite a bit into profitable in terms of also being able to use 6 year old equipment with quite a bit of profits and/or by how much. 

The amount of profitability surely does have likelihoods to draw in new miners into the space (incentives and such.. you heard about that, no?).. and no I do not conclude that the Bitcoin price is going to come down merely because miners are overall profitable... but could be restricted to new players if they cannot get ahold of mining equipment... and I believe mining equipment is going up quite a bit in costs too, as far as I know... so does that affect bitcoin price?  likely not.  miners respond to BTC price not the other way around, for the most part... 

Getting a little bit out of questions about speculating about mining as a business, I have continued to consider that historically it would have been more profitable to merely buy bitcoin than to get into mining - but people make various kinds of choices in life in regards to how they want to spend their time and their capital, and surely there can be some advantages to having mining skills - and maybe it is not too big of a deal for some people to do that and to build extra garages or warehouses or make friends and business partners based on those kinds of skills and that kind of knowledge.  Surely bitcoin does seem to get advantages from having both a robust group of people willing to mine bitcoin - and surely there are various incentives in regard to building that kind of a business.. whether mining reward, fees, status, principles or other personal motivations.

[ChartBuddy]

Explanation